Can Fleet Tracking Save Me Money?

September 16, 2021 Published by

GPS fleet tracking can save you money. And there are fleet tracking benefits beyond just being able to locate your assets 24/7. Let’s take a closer look at the benefits of fleet tracking.

Reduced speeding

Tracking your vehicles with GPS enables you to deal with repeated incidents of speeding. You can reduce the risk of accidents, save on fuel, lower your insurance rates, and help your drivers avoid black marks on their driving records. Our tracking systems complete records of driving speed for every moment of operation.

Reduced Fuel Costs 

GPS fleet tracking can reduce fuel costs by:

  • Reducing speed (and reducing the pressure to speed to make delivery times)
  • Lowering overall idle time
  • Providing better routing for drivers
  • Allowing for timely vehicle maintenance
  • Reducing unauthorized driving and vehicle operation

The average operating cost of operating a vehicle is about $1.50 per mile. A company can reduce at least 25 miles per week for each vehicle with a GPS Tracking System.

Validated Service Calls  

Our comprehensive GPS tracking system can tell you at a glance when your vehicles arrive at their destinations and how long they stay on a delivery or service call. With a clear digital record, there is no more guesswork.

More Accurate Billing and Cost Allocation 

GPS creates a digital record of time on the road, miles traveled, speed, and route used by your operators. Fuel and operator costs for each job can be generated automatically.

Reduced Delays 

Our tracking software will alert you to an operator going off a designated route or staying idle too long. You will know when your operators take your vehicles to unauthorized locations.

Lower Insurance Rates

Insurance companies offer discounts of up to 35% for vehicles equipped with telematic GPS tracking.

Increased Efficiency  

A good rule of thumb for the benefits of GPS tracking is the completion of at least one additional load or job per vehicle per week.

No More Paper Logs  

You eliminate driver error and lost data—not to mention hundreds or even thousands of hours for operators doing paperwork— when you go with automated GPS tracking. Digital records eliminate transposed numbers, forgotten entries, and arithmetic errors.

Better Customer Service  

When you know where every vehicle is at all times, you can respond to customer inquiries accurately and immediately. You and they will save time, money, and hassle.

By knowing where your vehicles are at all times on a real-time map, dispatchers can easily send the nearest vehicle when a new job arises. This saves both money and time.

Driver Monitoring  

Your GPS fleet tracking system can be set up to flag suspicious operator activity and immediately allergy managers by cell phone when operators speed, slam on the brakes, drive erratically, or stray off course. You can monitor door locking and unlocking, seatbelt use, and vehicle alarms. You will be able to start vehicles remotely, even from your dispatch center.

Driver monitoring helps you detect side jobs. It helps you respond to theft and hijacking faster to protect your drivers and recover your property.

Reduced Overtime

A good rule of thumb is that GPS tracking saves you about one hour of overtime per driver per week.

Eliminating Disputes

When you have a digital record of speed, route, stops, arrival times, and departure times, you have solid evidence that isn’t easy to dispute. Digital records are not subject to human error, and they contain more information than handwritten logs. Operators who know they are being monitored are more careful about their driving.

Improved Bottom Line

Idling causes about twice as much wear and tear on engines and drive trains as road driving. Reducing idling reduces maintenance costs. The average truck burns about 800 gallons of fuel a year while idling. You can greatly reduce this cost with a GPS tracking system.

Each mile per hour over 50 mph increases fuel consumption by about 1.5 percent. Eliminating driving over the speed limit can save thousands of dollars per year. Wear on tires almost doubles on-road speeds of 70 MPH or greater.

How much does fleet tracking cost?

The upfront and subsequent costs of setting up a tracking system will naturally vary from company to company, depending on the size of your fleet and the quality of the technology. The most basic form of GPS, while cheaper, will only give you the basic benefits of real-time monitoring: location of your trucks, their speed, and direction.

The more expensive arrangements will give you all kinds of additional information: fuel levels, driver behavior, mechanical conditions, traffic updates, and more. Here’s a general breakdown of what these fleet tracking costs can look like:

Type Equipment Leasing

(Monthly, Per Device)

Installation
Basic $100 – 250 $15 – $30 $100
Advanced $300 – $600 $30 – $70 $100 – $150

Contact us at GPS Technologies for more information on how GPS tracking can save you money. Or call us at (847) 382-5107 weekdays from 8 until 5 Eastern for answers to your questions of a confidential bid.

 

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