ELD Solutions
Overcoming challenges and achieving goals
In an era of rising costs, fleets are using technology to find new ways to control costs and generate revenue. For the first two decades of the 21st century, the U.S. inflation rate for urban consumers stayed below 3%—but in 2021, it jumped to a monthly average of 3.6%. One year later, the average hit a whopping 6.2%, and fleet budgets have felt it ever since. Although 2023 saw the inflation rate dip slightly, costs remain high.
Inflation affects nearly every budget line item, from vehicles and equipment to labor and insurance, so fleets are forced to get creative. Fleet management technology can be an effective cost-control tool—helping fleet managers get more out of existing resources, find new ways to cut costs and become more competitive.
Adopting fleet technology is a standard practice, according to respondents of the most recent fleet technology trends survey, which was conducted between May 19, 2023, and July 29, 2023, for Verizon Connect by Bobit Business Media, publishers of leading trade publications such as Automotive Fleet, Business Fleet, Government Fleet and Heavy Duty Trucking.
| Top Challenges | 2021 report |
2022 report |
2023 report |
2024 report |
|---|---|---|---|---|
| Increasing costs | 44% | 63% | 80% | 70% |
| Driver shortage / lack of quality workers | 40% | 54% | 59% | 53% |
| Meeting customer demand | 40% | 49% | 52% | 52% |
Key takeaways
GPS technology usage
Four out of five respondents indicated they use at least one form of fleet technology.
Controlling costs
The percentage of fleets indicating increasing costs are very or extremely impactful remains high at 79% in this year’s report. Using video technology, fleets were able to achieve their goals, including protection from false claims (77%), reduced accident costs (48%) and reduced insurance costs (44%).
Getting more from existing resources
The top goal achieved by fleets using a GPS fleet tracking system was improved productivity, which saw the largest increase since last year’s report, from 50% to 55%.
Average cost savings while using a GPS fleet tracking system
Reduce Fuel Consumption
Manage idling and track fuel consumption across your fleet
ELD Compliance
Stay compliant, avoid violations and optimize driver hours
Increase Efficiency
Understand operational performance and identify areas to improve
Improve Safety
Use the latest video technology to create a culture of safety
Telematics
GPS tracking and automated reporting
GPS Fleet Tracking
Streamlines fleet operations, including maintenance, security, driver monitoring, real-time alerts, and mobile access.
Digital Record Management
Simplifies paperwork by digitizing back-office processes, saving time and reducing errors.
eDVIR
Enables paperless inspections, streamlines maintenance, empowers drivers, and ensures FMCSA compliance.
Trusted Partners
At Guretruck, we collaborate with strategic partners who share our vision of innovation and commitment to excellence.
Through these alliances, we expand our international presence and ensure our clients receive reliable, efficient, and personalized service.
KODEA-LTS is fully compatible with Teletrac Navman, DocuDrive Solutions and Motive
