Report on Commercial Fleet Telematics Promises Big Fuel Savings

According to a new report on commercial fleet telematics, the industry can achieve $2.2 billion in annual fuel cost savings based on 12.6% adoption rate of telematics solutions by U.S. and Canadian commercial vehicles.

The study, prepared by Fleetmatics and entitled “FleetBeat Report,” presents an analysis of tens of billions of data points extracted from thousands of commercial fleets over a five-year time span.

“The financial and environmental benefits outlined in FleetBeat are profound,” said Jim Travers, Fleetmatics CEO and Chairman of the Board. “Saving $2.2 billion annually on fuel costs means putting a huge amount of money back into the tens-of-thousands of businesses using commercial telematics.”

“That can mean more spending, more jobs, and more overall stability,” he continued.

The report shows there is a real opportunity for organizations of all sizes to boost As outlined in FleetBeat, 12.6% of all commercial vehicles in the U.S. and Canada currently have telematics units on board to aid optimization.

The total estimated economic impact of commercial fleet telematics is as follows:

• Decrease in fuel consumption (gallons per year): 573 million
• Total fuel savings: $2.2 billion
• Decrease in CO2 emissions (tons per year): 5 million
• Decrease in payroll hours per year: 1.3 billion
• Total cost savings due to decrease in payroll hours: $34.9 billion

More at: www.fleetmatics.com

Category: Featured, Fleet Diagnostics & Software, General Update