Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management announced results of its latest survey where it took the pulse of how fleet truck industry executives are leveraging data and intelligence for their operations. The online survey was presented to more than 700 transportation executives and managers overseeing large fleets (45% of responders manage fleets with over 200 tractors). Headlining the results, over a quarter of fleet professionals (26%) say data analysis is lowering their operating costs by $4,000 annually per truck.
According to the results of the survey, five years ago approximately 81% of those polled said they had no analytics strategy for their fleet operations. Today, with the complexity that has been engineered into many of the newer heavy-duty trucks, 80% of fleet executives now say they analyze data to track the performance and operations of the trucks. These executives are monitoring fuel trends; vehicle performance such as idling and time in gears; ECM data; and routing and logistics information. What’s more, 61% of industry professionals are now monitoring and tracking data either daily or weekly.