These are the benefits that Australian and New Zealand businesses achieved since implementing a GPS fleet tracking system

These are the benefits that Australian and New Zealand businesses achieved since implementing a GPS fleet tracking system

Inflation, supply chain constraints, fuel price fluctuations and a more competitive market have created an environment where organisations must make every dollar count. Fleet managers are facing more pressure and challenges to maintain daily operations efficiently and contribute to a positive bottom line.

In this highly competitive environment, fleet tracking technologies become one of the best allies to help businesses stay competitive and help improve important areas such as fuel consumption, saving costs and customer service along with other strategic areas of the businesses. 

According to the Fleet Technology Trends Report Survey conducted for Verizon Connect by ABI Research, in 2022 the number of fleets using GPS tracking technology is 72% in Australia and 69% in New Zealand, showing that it’s a consolidated and growing solution for businesses

What is the fleet technology currently utilised in Australia and New Zealand? 

The challenges that businesses have to face every day to maintain daily operations efficiently and get results in this ‘back to normal’ scenario, have contributed to trust in fleet management technologies to build resilience and strengthen their business.

Fleet Technology currently utilised in Australia and New Zealand

• GPS tracking: 71%
• In-cab video (including front facing and driver facing cameras): 42%
• Asset/ trailer/ equipment tracking: 41%

83% of survey respondents in Australia and New Zealand who have a GPS tracking solution stated that it’s ‘very’ or ‘extremely’ beneficial.

GPS tracking leads the fleet management technologies in Australia and New Zealand 

GPS tracking is the fleet management technology most utilised in Australia and New Zealand. 

We found in-cab video to be the most utilised technology. It’s an integrated camera that provides first-hand knowledge of what is happening on the road. In-cab video can help analyse drivers’ behaviour to clarify the facts in case of an accident. Video proof also protects your business from false claims, helps to coach your team, and promotes safe driver behaviour. 

And in fourth position of the most utilised fleet management technologies in Australia and New Zealand, was asset tracking. This technology helps fleet managers to easily monitor assets in near real-time, improve asset utilisation, security, and boost productivity in the field and at the office.

- 83% of survey respondents in Australia and New Zealand who have a GPS tracking solution stated that it’s ‘very’ or ‘extremely’ beneficial.

- 37% of respondents stated they reached a positive ROI within 3 months to 6 months and 49% between 7 months to 1 year in Australia.

- 22% of respondents stated they reached a positive ROI within 3 months to 6 months and 57% between 7 months to 1 year in New Zealand.

Let’s see in detail the positive improvements that businesses achieved after the implementation of these fleet management technologies: 

Positive improvements achieved since implementing GPS trackers across all industries:

• Decrease in fuel consumption: 49%
• Improved productivity (for example, number of jobs, vehicle utilisation): 48%
• Decrease in accidents: 44%
• EWD/regulatory compliance: 53%
• Improved customer service: 56%
• Improved vehicle maintenance: 38%
• Decrease in labour costs: 28%
• Improved routing: 50%
• Improved fuel tax credit claim: 33%
• CO2 reduction: 42%

Positive improvements since implementing in-cab video across all industries:

• 72% achieved improvements in driver safety.
• 68% improved protection from false claims.
• 57% reduced accident costs.
• 49% reduced CO2
• 46% improved fuel tax claim
• 44% reduced insurance costs

78% of survey respondents in Australia and New Zealand who have a video solution stated that it’s ‘very’ or ‘extremely beneficial’.

Positive improvements since implementing asset/trailer/equipment tracking across all industries:

• 69% Improved equipment/trailer utilisation
• 54% Improved equipment/ trailer security
• 44% Reduced insurance costs
• 52% Improved efficiency/productivity drivers/workers
• 49% Improved efficiency/productivity for office staff/management
• 44% Improved fuel tax claim
• 33% CO2 reduction

66% of survey respondents in Australia and New Zealand who have an asset tracking management solution stated that it’s ‘very’ or ‘extremely beneficial’.

To learn more about how fleet management technologies can help you and your business, download the full 2023 Fleet Technology Trends Report Australia and New Zealand.