Fleet GPS Trackers Will Dictate Fleet Management in 2024

Did you ever ask a fellow fleet manager for advice? If you did, you knew the value of the experience they held. Now, just imagine what you can learn not just from a few fleets but hundreds of them - all at once.

Search for fleet tech trend reports on the web, and you’ll find what you need. Reports from market researchers contain insights from fleets of all types and sizes to provide readers with a macro view of the entire logistics landscape. Surveys covered the most difficult challenges fleets face, their ultimate objectives, and how they aim to leverage technology to enhance their operations while promoting safety.

The results help fleet owners and managers benchmark against industry trends and make informed decisions about fleet management. Here are the top three fleet trends that will prevail in 2024.

GPS will be necessary

Today, technology is integral to human life and isn’t different for fleet businesses. Almost 3 out of 4 organizations use fleet GPS tracker devices or fleet management software to optimize operations and promote safe driving practices.

Companies using GPS are also seeing great results, which is probably driving this trend forward. The goals you can achieve using GPS include,

  • More productivity
  • Better maintenance
  • Better customer service
  • Seamless routing
  • Reduced fuel usage

Accomplishing these goals helps fleets reduce expenses and generate extra revenue. Naturally, the fact that so many companies resort to GPS tracking isn’t surprising at all. As fleet budgets tighten due to inflation, GPS may prove to be the investment that pays off and aids fleet managers in balancing their budgets.

Technology cuts costs

When dashcams reached the market for the first time, fleets started using them as a means to promote safe driving practices. It remains true to this day, but as the technology has become more sophisticated with additions, such as outward-facing cameras and tech-powered AI dashcam solutions, fleets have enjoyed a secondary result of significant expense reductions.

Right now, inward and outward-facing dashcams can record everything inside and around an automobile when a crash happens. The footage from the cameras provides undeniable evidence of who is at fault in an accident while also working as an effective tool to train employees to drive safely and avoid crashes.

Dashcam footage helps fleets save money by,

  • Protecting from false claims
  • Reducing accident expenses
  • Reducing insurance charges

More from existing resources

Productivity is the aspect that experienced the largest increase after incorporating GPS - a mind-boggling rise from 50% to 55%! When inflation weighs on fleet budgets, vehicles become unavailable, and overall competitive pressure rises, GPS fleet tracking systems can extract more out of the existing resources of the business. Tracking solutions do so by,

  • Automating all manual processes to ensure fleet managers and drivers focus only on productivity
  • Improving routing to reduce on-road time and enable operators to squeeze in more tasks into the same workday and help companies avoid hiring extra workers
  • Utilizing data for right-sizing the fleet and eliminating unnecessary purchases (new vehicles, parts, or other components)

The cost of everything is high. Combine limited vehicle availability and competitive pressure with it, and you’ll have to deal with rough situations. To avoid it, use GPS to leverage the true power of existing resources and reduce the cost of running a business.

The majority wins

Technology helps fleets face challenges, reduce expenses, achieve goals, improve operational efficiency, promote safety, and serve customers better than before. That’s why around 4 of 5 fleet companies use GPS, dashcams, or other forms of technology to manage their fleets.

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