Fleet utilization is a critical factor in the success of motor carriers, impacting efficiency, cost control, and overall profitability. Fleet utilization refers to the process of maximizing the use of your vehicles and drivers to achieve maximum efficiency and productivity. By measuring and monitoring various aspects of your fleet operations, you can identify areas for improvement and implement strategies to enhance utilization, reduce costs, and increase profitability.
As commercial motor vehicles take on increasingly complex tasks and routes, the risks involved in driving them rise continuously. To mitigate these risks, insurance providers are turning to video telematics, the use of onboard cameras and sensors, to more accurately assess driving behavior and provide rate quotes that more closely align with the risks involved.
Geofencing has been used in logistics for years. As the technology becomes cheaper and more widespread, small carriers can use the same tools that mega carriers have been using to grow their business.
Technology is evolving at an incredible rate every year. The world works completely differently than it did 10 years ago, and the trucking industry is no different. A trucking business owner can know where any truck or trailer in their fleet is at any given time from anywhere in the world. This has helped smaller carriers operate on the same playing field as mega carriers have been at a fraction of the cost.