GLENVIEW, Ill., Sept. 12, 2019 /PRNewswire/ — Teletrac Navman, a global software-as-a-service provider that leverages location-based technology for GPS tracking solutions, today announced findings from its 3rd Annual Telematics Benchmark Report: U.S. Edition. The survey, which examined best practices, trends and current issues influencing U.S. transportation organizations, found that although more fleets use technology than ever before (86 percent use telematics), most organizations lack a data-driven approach to running their businesses. Only 23 percent use big data analytics to guide strategic decision-making, while 36 percent still rely on manual processes to forecast hiring needs.
This echoes another major survey theme indicating that despite demonstrated telematics benefits – 55 percent saw reduced fuel costs – it continues to be grossly underutilized. On average, companies only use 3 (of 12 most common) telematics features to measure general vehicle status metrics like vehicle and equipment location (74%), hours of service (66%) and speed (61%), while far fewer measure metrics that could positively impact their bottom line, like idling (37%) and fuel usage (30%).
Other key insights from the survey include:
Electronic Logging Device (ELD) adoption is consistent with 2018, despite the rapidly approaching AOBRD transition deadline.
- While 66 percent use ELDs to track Hours of Service (HOS), 24 percent admitted to still using paper logs despite it being law not to and 19 percent are using AOBRDS.
- ELDs continue to be fleets’ top compliance concern (58%), but the percentage is down significantly from 2018 (74%).
- Nearly a third (29%) report there is no driver concern around ELDs.
Telematics’ impact on incident reduction is up, due to increased driver performance insight.
- Forty-two percent have seen fewer safety incidents since using telematics to monitor driver behavior.
- More than a quarter cite driver monitoring (32%), speed prevention (26%) and preventing driver fatigue/exhaustion (30%) as top telematics-related safety benefits.
- Twenty-eight percent implement driver warning/alerting technology to further boost driver safety.
- Fifty-seven percent reward safe driving, with the biggest benefit of this practice being reduced safety incidents and violations (58%).
Talent retention is a major business priority amid the continued driver shortage.
- The top business challenge fleets face is finding, developing and retaining talent (30%).
- Three of the top five driver retention tactics are monetarily linked: increasing pay (47%), driver appreciation programs (33%) and performance-based bonuses (30%).
- Fifty-eight percent plan to increase drivers and equipment operators in the next year.
“This year’s survey results reveal there’s a big difference between being a tech-compliant organization and a tech-driven one,” said Sid Nair, senior director of transport and compliance, Teletrac Navman. “Putting ELDs in vehicles is not a silver bullet and, ultimately, won’t help fleets solve their business challenges as the transportation and logistics industry becomes ever more competitive. Using data effectively is the key to making your fleet work smarter, not harder, but managers can only reap these benefits if they look beyond using technology strictly for compliance and commit to using data to inform important business decisions – ones that can boost productivity and minimize expenses. That’s the true meaning of digital transformation.”
Register here for our September 26 webinar discussing these results and other industry trends to receive your free copy of the report.
The 2019 Teletrac Navman Benchmark Survey includes responses from more than 500 participants in Transportation and General Telematics in the US. This report provides an understanding of best practices and fleet management trends in business, general telematics, emerging technology, transportation, external factors and talent. Results may not amount to 100 percent due to questions with multiple selections. Year-over-year statistical significance is reported at the 95% confidence interval. For reporting purposes, all statistical values have been rounded to the nearest whole number.
About Teletrac Navman
Teletrac Navman is a leading software-as-a-service (SaaS) provider leveraging location-based technology and services for managing mobile assets. With specialized solutions that deliver greater visibility into real-time insights and analytics, Teletrac Navman helps companies make better business decisions that enhance productivity and profitability. Its fleet and asset management technology uncovers information that would otherwise go unseen, helping customers reduce risk and confidently move their business forward with certainty. It tracks and manages more than 500,000 vehicles and assets for more than 40,000 companies around the world. The company is headquartered in Glenview, IL, with additional offices in the United States, United Kingdom, Australia, New Zealand and Mexico. For more information visit www.teletracnavman.com.
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SOURCE Teletrac Navman