SmartDrive Reports Strong Growth
SmartDrive Systems, a leader in driving performance solutions designed to reduce collisions and improve fuel efficiency, has announced that its business has grown 94 percent year-over-year and nearly 400 percent over three years.
The company notes that newer entrants—such as telematics systems upselling “add-on” cameras or dashcams— are trying to gain a foothold in the market with low cost, no-review services.
“However,” the group commented, “fleets adopting video remain focused on maximizing their return on investment by selecting full-service programs that proactively identify risk, improve driver performance and save their teams’ time versus requiring them to hire more headcount to become video reviewers.”
“As we look at the company growth rate over the last three years, it is clear that fleets are saying ‘good enough is not enough,’ first by investing in video safety and then by selecting SmartDrive’s proactive programmatic approach that brings a new level of transportation intelligence to fleet safety and operations,” stated Steve Mitgang, CEO of SmartDrive. “What gives us the greatest satisfaction is knowing how many drivers avoided collisions that didn’t have to happen, how many lives were saved as a result, and how many drivers’ jobs were protected based on clear and accurate information about what occurred on the road. Our customers are commercial transportation innovators, proving that safety is good for business.”
In terms of impact on customers, the group reported the following results:
Improved fleet safety in the first year of deployment across a broad spectrum of risk areas, including those measured by CSA:
- Texting – 73.1 percent reduction in commercial; 55.4 percent reduction in transit
- Distraction – 63.2 percent reduction in commercial; 58.3 percent reduction in transit
- Fatigue – 67.2 percent reduction in commercial; 40.4 percent reduction in transit
- Speeding – 70.1 percent reduction in commercial; 65.6 percent reduction in transit
- Seatbelt compliance – 71.5 percent improvement in commercial ; 75.3 percent improvement in transit
- Helped fleets reduce collisions through proactive intervention and exonerate drivers when not at fault:
- Commercial: Captured 19.4 near-collisions and 6.3 collisions (per million miles)
- Transit: Captured 35.9 near-collisions and 10.2 collisions (per million miles).
Category: Connected Fleet News, Featured, Management
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
