IMPROVE YOUR BOTTOM-LINE WITH THESE 4 DATA POINTS

Improve your bottom line with these 4 data points

The first order of business for any fleet is to turn a profit. No matter the size of your fleet this statement rings true. Enter AutoConnect GPS; we’ve helped fleet operators big and small cut costs and improve the bottom-line without the need to downsize.

Here we’ll go over four key data points businesses across the United States and Canada have utilized from AutoConnect GPS to improve their bottom line quickly. These are the best metrics to monitor the behaviour of your drivers and begin saving money that’s added directly to your bottom-line.

1) AVERAGE VEHICLE MAX SPEED

article on slowing down the fleet delved deeper into this concept.

Based on our aggregated data covering thousands of samples, nearly 30% of all fleet vehicles reach an AVSM of over 120kph. A reduction of AVSM fleet wide could mean an immediate and measurable reduction in fuel costs, and quickly improves the bottom line of a fleet.

2) AGGRESSIVE ACCELERATION/DECELERATION

Speeding isn’t the only aggressive driving event that AutoConnect GPS measures, nor is it the only one with unnecessary costs attached to it. Aggressive acceleration and deceleration (in simple terms, starting and stopping too fast) can result in the following:

  1. Higher Fuel Consumption Costs
  2. Increased Maintenance Costs
  3. Collisions and Injuries
  4. Damaged Cargo

Cutting Costs with GPS Tracking

Unlike speeding data points mentioned in this article, the costs of aggressive acceleration or deceleration are not immediately measurable. However, they can represent a much higher long-term cost in the form of lost brand reputation (damaged cargo), increased medical and insurance costs (collisions or driver whiplash) and maintenance requirements. Reducing Total Aggressive Acceleration and Deceleration events quickly lead to reduced operating costs, increased efficiencies and an overall better experience for your customers.

3) TOTAL OVER SPEED EVENTS 

Total Over Speed Events Events are calculated by the number of times a driver goes over the benchmarked speed limit during any given period. By default, the AutoConnect GPS system sets this speed at 120km/h, but it can be set higher or lower. A high number of Total Over Speed Events is a clear indication that a driver needs corrective remedial training. A common strategy to reduce Total Over Speed Events is to identify outliers or (exceptions) on both sides of the fence. Reward those who have very few (or ideally none!) over speed events, and employ remedial training to those who have the most. AutoConnect GPS customers have found a measurable improvement after implementing incentive strategies to reduce Total Over Speed Events.

4) AVERAGE ENGINE/IDLE TIME RATIO

One of the most deceptive and surprising statistics to most fleet managers new to AutoConnect GPS is the plethora of idling statistics and their cost implications. Although there are multiple idling statistics, the Average Engine/Idle Time ratio is one of the most telling. This is a ratio that tracks the percentage of time an engine is spent idling when the ignition is on and the engine running. The longer a vehicle spends idling, the more strain is put on the engine and exponentially increases the amount of fuel wasted. According to our aggregated data, the average engine/idle time ratio is 39%. That means that for almost half of their running time vehicles are idling instead of moving! This amount of idling results in an average cost of $133/month lost to vehicles getting virtually zero miles to the gallon. Even small reductions in idling mean hundreds of dollars a month in fuel savings alone for your fleet.

A COMPLETE TOOL THAT WILL SAVE YOUR FLEET MONEY

Employing any or all of these data points in your training, remedial programs or incentive initiatives are the first steps in improving the profitability of your fleet.

Want to see a powerful solution for your fleet in action? Book a FREE demo today!

AutoConnect GPS helps you on the path to a safer and more profitable fleet!

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