How To Reduce Fleet Costs

12/12/2018
A piggy bank holding money saved from reducing fleet costs

One of the primary ways to boost your overall fleet profits is to reduce fleet costs. Two key areas to cover here are driver behavior and efficient use of your fleet vehicles. From safer driving to saving money on fuel, vehicle tracking technology plays a major role in improving your operations. A tracking system will provide real-time data about the efficiency, or lack thereof, of your fleet. Learn how to use this data to help reduce your expenses.

Cutting Fuel Waste

It’s no secret that the biggest offender when it comes to fleet costs is fuel, which accounts for 40 percent of fleet expenditures. Saving money on fuel will automatically help your bottom line. One of the easiest ways to save fuel is to maintain steady speeds.

Identify which drivers are speeding excessively or have a high ratio of speed fluctuations using data from your fleet tracking reports. You then have the factual evidence to present to drivers so there is no question about the speeding issue. Improve this driver behavior and get your fuel expenses under control.

Optimized Routing

Each time your drivers leave to pick up or deliver a load, they spend ample time planning and preparing their route. Yet what if you could streamline this process while guaranteeing that your drivers always choose the best route? Here is where GPS tracking is highly effective as a way to reduce fleet costs.

The Track Your Truck routing system features Google routing for one of the most efficient routing systems available. Use satellite technology to coordinate your drivers’ routes — providing them with real-time updates in case of traffic, construction or other reasons for route changes. Rather than have each driver use his or her own method for routings, such as an app or paper atlas, everyone is on the same page.

Instead of coordinating with your driver’s preferred routing method, all routing is synchronized in a single platform for the ultimate convenience. This allows you, as the fleet manager, to track all of your trucks while in transit to provide insight on routing from where you sit.

Improving Overall Driver Behavior

Your drivers are your main asset. Without drivers, even a fleet of new, fully decked-out Freightliners will get your business nowhere fast. However, not all drivers are trained or experienced on the same level, nor do all drivers have the same work ethic. One way to change driver behavior across the board is to follow up on fleet tracking reports.

When using a truck tracking system, you already have the information to see how your drivers are behaving behind the wheel. Look for jackrabbit starts, which are indicators of aggressive driving. Highlight incidents of hard cornering, a type of harsh driving that is also dangerous for the public. Find out who is frequently conducting harsh breaking, the act of slamming the breaks.

All of these actions accelerate the rate of wear and tear on your fleet equipment. This, in turn, reduces the value of your equipment — and your profits. Solve these problems now by implementing a superior fleet tracking system.

Choose a Smarter GPS Fleet Tracking System to Reduce Fleet Costs
Work with the experts here at Track Your Truck to reduce fleet costs using a more efficient vehicle tracking system. We offer a comprehensive system that includes everything your fleet needs to improve your bottom line.