Fleet tracking’s popularity is growing as companies in all sectors look for ways to improve their logistics and shipping processes. Today’s businesses face intense competition, so they constantly seek methods to increase productivity, save expenses, and delight customers.
By delivering real-time information on vehicle location, driver behavior, and vehicle performance, vehicle tracking systems can answer these problems. This has resulted in a rise in the need for fleet vehicle tracking systems in fields as varied as logistics, building, and emergency response.
Fleet tracking’s popularity grows as businesses realize its many benefits, including increased productivity, lower expenses, and happier customers. Forecasts indicated a 9.7 percent compound annual growth rate (CAGR) for the worldwide fleet management industry from 2019’s $22.8 billion to 2027’s $46.6 billion. The transportation and logistics sector is still one of the leading consumers of fleet vehicle tracking systems today.
The location of a company’s fleet can be tracked in real-time, allowing for route optimization, less fuel use, and faster delivery times. Geotab found that fleets in the logistics and transportation sector that implemented tracking systems saw an average 15% reduction in fuel expenditures.
These New Developments Are Shaking Up The Transportation
Sector
The management of daily activities by people and enterprises is changing due to GPS monitoring technologies.
Preventing Theft
Theft of vehicles, trailers, equipment, and cargo can be avoided, and their recovery is aided with modern GPS tracking devices systems. Using the geofencing tool, you can establish digital boundaries that correspond to physical limitations. Messages and emails contain the news when a vehicle or equipment departs the geofencing zone.
To give law enforcement the most recent information, you can monitor a stolen vehicle using frequent softwares from RAM tracking. When a stolen car is moving and has a tracking device installed, most police vehicles can follow it until it parks. The location of a stolen vehicle can almost always be found using GPS by employing satellite triangulation.
Reduced Expenses For Fuel And Upkeep
Businesses may save money on gas and maintenance with the help of car tracking systems. Fuel usage, idling time, and driver behavior may be analyzed using a vehicle tracking system, allowing businesses to pinpoint energy-wasting habits and implement changes. Companies can save money on fuel by encouraging fuel-efficient driving practices, improving routing, and cutting down on vehicle idle time.
Vehicle tracking systems also permit preemptive servicing, reducing the likelihood of breakdowns and the associated costs of repairs and downtime.
E-Commerce
Vehicle tracking systems are also widely used in the rapidly expanding e-commerce sector. Retailers, like supply chain firms, use these tools to track and assess shipments for quality control and efficiency. E-commerce shipment tracking, on the other hand, pays special attention to the final mile of delivery and shares that data with customers.
Today’s e-commerce consumers demand constant access to information on their orders. Ninety-seven percent or more of online buyers require regular access to information about the status of their orders. Lacking effective vehicle monitoring solutions would make such visibility unattainable.
Supply chain tracking systems that are increasingly sophisticated may eventually make their way into online commerce as both technology and consumer expectations increase. Customers could monitor the quality of more delicate or perishable items ordered through online businesses. With this information, credibility and brand loyalty may be established.
Communal Transport
Tracking technology has applications beyond emergency services in the public sector. Telematics technologies can be similarly implemented in public transportation systems and private enterprises like Uber and Lyft. Passengers can get up-to-the-minute information regarding their transportation, and cities can benefit from better traffic flow and the collection of vital security data.
Positive Train Control (PTC) telematics devices are mandatory nationwide due to the Rail Safety Improvement Act. PTC monitors their real-time position, direction, and speed to avoid accidents and ensure trains slow down in crowded places. Solutions along these lines have the potential to boost the dependability and efficiency of all forms of public transportation.
As intelligent city infrastructure grows more widespread, potential applications may increase. Vehicle tracking could help city transit authorities regulate traffic and provide drivers with up-to-the-minute information. It would be less difficult to locate a parking spot, there would be less congestion, and public transportation would operate reliably.
Chain of Supply
The most readily apparent vehicle tracking technology application is supply chain operations. Transportation and logistics account for 26% of the market, more than any other sector. Industry adoption of these tools will increase significantly as supply chain resilience becomes a higher priority.
Companies in the supply chain are always aware of their shipments’ whereabouts thanks to remote tracking devices.
Delivery times may be monitored, and the most time-effective routes can be uncovered with the help of these live location updates for businesses. They will also notify warehouses of delays, allowing such facilities to adjust to lessen the effects.
Recent years have also seen expansions in the capabilities of these tracking systems. Internet of Things sensors provide not only location but also the quality of shipments in real time. Companies in the supply chain can use the data they collect to optimize the cost and effectiveness of monitoring product temperatures, vehicle maintenance, and traffic patterns.
Adherence to Rules and Laws
Regulation compliance is an essential part of fleet management. Companies can use vehicle tracking systems to verify that they are by applicable legislation and standards. For instance, they can help keep tabs on driver hours worked to guarantee conformity with fatigue management laws. Further, in the event of a legal or regulatory issue, the records provided by vehicle tracking systems, such as the vehicle’s speed, position, and routes traveled, can be invaluable.
Managing Payroll with Automation
Telematics data can now be easily put to use thanks to the telematics ecosystem made possible by technology developments. Our system makes it simple for businesses to combine data from numerous vehicles and sources into a single hub for streamlined access, comprehensive reporting, and insightful analysis. The remote monitoring software is released via a mobile app and web-based interface for maximum adaptability.
Bottom Line
There are many advantages for businesses to use car tracking systems. The visibility of fleets, the effectiveness of operations, the efficiency of expenses, and the conformity to regulations can all be improved by utilizing real-time tracking, route optimization, and driver behavior monitoring. Saving money and making customers happier are two outcomes of optimizing routes, decreasing fuel use, and bolstering driver safety.
To get the most out of a vehicle monitoring system, it’s essential to pick the correct one, handle any privacy or security concerns, and give adequate training and change management support.
