Vehicle fleet management is vital in managing daily operations

An economic scenario characterised by inflation, recession and constant fluctuations in fuel prices has posed a major challenge to fleet operating costs and has required businesses to become more efficient on a day-to-day basis in order to maintain their productivity and profitability, and contribute to a healthier bottom line.

In this challenging paradigm, technology proves its position as one of the best allies for businesses to obtain results and build resilience. In fact, the  latest Fleet Technology Trends Europe 2024 survey shows that 76% of fleet managers using vehicle fleet management solutions rated them as “extremely or very beneficial” when it came to managing their fleets.  

Also, the report reveals that GPS tracking is, for the third year in a row, the top fleet management technology most utilised in Europe. Mostly because company owners trust fleet management technologies to build resilience and get results.

The 1,538 fleet managers, mobility professionals and business owners who participated in the Verizon Connect 2024 Fleet Technology Trends survey shared powerful insights and future trends for fleet-based businesses that can transform fleet operations.

Vehicle fleet management raises the bar in daily operations

• Real insights come as real-time triggers to help improve daily business efficiency

Using fleet management insights as real-time triggers, such as distance travelled, idling time, long or unauthorised stops, driver behaviour and a breakdown of daily costs, provides a detailed overview so you can analyse the best way to improve these key areas of your business and get more out of your resources, while at the same time reducing costs and improving efficiency.

Our vehicle fleet management solution provides key information such as: 

• Daily report - Breakdown of your vehicles’ daily movement.
• Distance travelled report - Breakdown of total distance travelled. Can be filtered by location, vehicle, or geofence. 
• Geofence report - How much time your vehicles spend at identified geofence locations.
• Travel and stops report - Complete history for vehicles over a specified time.
• Cost analysis report - Breakdown of total daily costs. Includes driving time, time on-site, and wasted fuel.
• Return trip summary report - Summary of return trips to selected geofences, including on-site time per stop, and per day.

Download the Fleet Technology Trends Report Europe 2024 to learn more about how fleet management can help companies like yours improve fleet operations, reduce fleet costs and contribute to a healthy bottom line. 

• Monitoring driver behaviour to boost team safety 

Powerful fleet management solutions provide key insights about driving behaviour that can help improve this important area. Information about when hard braking, quick starts and harsh cornering occurred are reported and rated between moderate and severe.

Our Verizon Connect vehicle fleet management solution provides key reports and information about:  

• Speeding report - Speeding violations over specified speed limits.
• Driving style summary report - Summary of harsh driving violations. Includes hard braking, cornering, and quick starts.
• Harsh driving incident report - Breakdown of harsh driving violations. Includes hard braking, cornering, and quick starts.
• Exception report - Breakdown of driver violations such as excessive idling, out of hours driving, and unauthorised stops in a given location.
• CANbus driving style summary report - Summary of fuel consumption, distance travelled, engine hours, and harsh driving events.

Download the Fleet Technology Trends Report Europe 2024 to learn more about how fleet management can help companies like yours boost fleet safety and operations.

• Improve your office team productivity

Digitalisation can transform not only your daily fleet operations, but also your whole business. 

Your office staff can benefit from all the information available with the GPS fleet management solution such as a team’s work hours, when they started and ended their working day as well as any overtime they do. This helps to calculate payroll and simplify the process so you spend less time working it out yourself and can spend more time doing more important business activities.

Our Verizon Connect vehicle fleet management solution provides key reports and information about:  

• Daily timecard report - Breakdown of employee’s daily hours. Based on your company’s work hours.
• Weekly timesheet report - Summary of employee’s daily hours over the week, including start and end time, and overtime. 
• Payroll summary report - Summary of employee’s daily hours for a specified period. Based on your company’s work hours.  
• User activity report - List of all active users. Includes login stats and reports run.

According to the 2024 Fleet Technology Trends Survey, 30% of businesses improved office staff productivity since implementing a GPS asset tracking solution. 

• Simplify compliance with ease 

Currently, roadside checks carried out by authorities such as ROADPOL reveal that the most common offences are excessive driving hours and manipulating the digital tachograph which results in costly fines and, depending on the infraction, can lead to the van being immediately immobilised (1). So, it is key to manage compliance for your company and a fleet management system can help. Here’s how: 

• Drivers’ time - Monitoring the drivers’ driving times to confirm that they comply with current regulations.
• Rest periods - Check that the driver takes the stipulated rest periods to promote safety.
• Remote tachograph data downloads - Remotely downloads tachograph data to analyse the development of the day and that the driving times and rest periods specified by the tachograph law are being complied with. In addition to data collection, it retains information on the activity of each driver and truck so that it is always available and archived in case it needs to be shared with the authorities.

According to the 2024 Fleet Technology Trends Survey, 69% of businesses improved tachograph and regulatory compliance since implementing a GPS fleet management solution. 

Download the Fleet Technology Trends Report Europe 2024 to learn more about GPS vehicle fleet management solutions that can help simplify compliance with the tachograph regulation.

Advance your fleet-based company with fleet management.

The 2024 Fleet Technology Trends Report uncovers even more ways fleets are using technology to overcome business challenges, achieve their goals, improve operating efficiency and drive down costs. 

Download the new 2024 Fleet Technology Trends Report Europe.

Sources:

(1): https://www.roadpol.eu/index.php/truck-violation-rate-solid-operation-shows