Fleet Tracking Systems: Costs and Benefits

The cost of running a fleet of vehicles or heavy equipment is a major operating expense for businesses of all sizes. Fortunately, a new generation of tracking systems has made it easier to monitor and manage these expenses. If you’re looking for a smarter way of keeping fleet management costs in check, the right technology can be a winning long-term investment. Here’s why.

Fleet Tracking Systems Help Manage Fuel Costs

Fuel is an unavoidable expense for any fleet. With prices constantly fluctuating, it is an uncertain one, too. Fleet management systems provide an important hedge against this instability by keeping your overall fuel consumption as low as possible. This is achieved through proactive management that limits vehicle speeds, decreases idling times and improves the effectiveness of routing and dispatching.

Fleet Trax’s GPS-based fleet tracking system has been proven to reduce fuel costs by an average of 10 percent. That’s an important advantage that keeps your fleet management expenses down and promotes the long-term sustainability and success of your operation.

Fleet Tracking Systems Reduce Vehicle Maintenance

Simpler maintenance is another reason why the cost of a fleet tracking system is worth it in the long run. A fleet tracking system can help you streamline maintenance, reducing downtime and extending the life of your critical assets.

Not only can effective management reduce the number of miles and hours on your equipment, but it also gives you enhanced tools to ensure preventative service is completed as necessary. This keeps your equipment running efficiently and reduces the risk of a sudden breakdown bringing productivity to a halt.

Fleet Tracking Systems Mitigate Risk

While many fleet managers simply accept accidents on the road as part of the cost of doing business, it doesn’t have to be that way. Effective fleet tracking can help you identify where problems lie — whether it’s an overworked driver, a dangerous route or any other potential risk.

Using this information, you can take corrective actions as necessary, whether it is choosing a safer route, sending a driver for additional training or enforcing stricter speed limits. Over time, this translates to improved overall safety, decreased liability and lower insurance premiums.

Fleet Tracking Systems Lower HR Costs

Overtime hours represent a major fleet management expense for many organizations. Tracking systems help you schedule more effectively. You can even configure Fleet Trax to warn you when an employee is in danger of going over their allotted hours. That is an important benefit that helps you run a leaner operation overall in addition to making sure your drivers are not overly tired while on the road.

Is the Cost of a Fleet Tracking System Worth It?

Fleet vehicle tracking system prices can vary, but the best are worth the investment. Fleet Trax is a sophisticated tracking and management system that drives savings throughout your operation. Visit our website to learn more about how our flagship product can reduce fuel, maintenance, insurance, HR and other costs. Best of all, there are no contracts, which means you can start and stop your service anytime.

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Contact us today for a free demo and see how our systems can save your fleet money.