Fleet Managers Report a 25% Reduction in Downtime Costs with GPS Fleet Tracking

May 03, 2011 — Maintenance program costs are cut using TrackNet’s GPS Fleet Tracking / Management Program

In a recent study, fleet managers who used GPS fleet tracking software reported a nearly 25% reduction in downtime and costs from maintenance management. These excellent results illustrate yet another benefit offered by GPS fleet tracking / management.

There are numerous reasons why fleet vehicles need to receive maintenance services, and most relate to the normal wear and tear on an engine — a factor that can be minimized with fleet management services. For instance, driving at 70 mph takes 159% more horsepower than the ideal speed of 50 to 55 mph. This additional horsepower means more drain on the engine, resulting in an accelerated need for maintenance. GPS fleet tracking allows fleet managers to monitor speeds and encourage drivers to drive at a more reasonable rate, thus protecting their vehicles.

Fuel consumption is another major cost factor that can be controlled with fleet management. Each mile per hour above the ideal 50 to 55 mph a vehicle drives increases its fuel consumption by 1.5%. Monitoring driver speeds through fleet management programs cuts down on this consumption tremendously.

Fuel expenditure costs do not stop with high-speed drivers. Idling can be a huge source of wasted fuel. “The average truck using average idling times burns up to 800 gallons of fuel each year simply idling,” stated Bill Cahill, C-Level Partner at TrackNet. “For fleet managers, these intangibles are unrecognized lost profits. Our products help management account for these behaviors via alerts and put a stop to them.” TrackNet alerts management to negative fleet behaviors and allows the supportive change of these behaviors through accountability.

TrackNet offers GPS fleet tracking systems that monitor not just where the trucks and drivers are going, but also how they are driving. It reports on speeds, idle time, and other factors that help minimize downtime for each truck in a fleet.

“This service is so vital,” said Trey Macdiarmid, C-Level Partner at TrackNet, “because a truck that is not on the road is not only not making money, but also costing the company money while it is being repaired. Our services minimize engine wear and tear and excess fuel consumption to help maximize profits for our clients.”

The average cost of having a truck out of service for unscheduled repairs is $750 a day, depending on the industry and maintenance costs in your area. On average, a company with a 20-strong fleet of vehicles will have two out of service for a day each month. That means the company pays $1,500 per month in maintenance services. GPS fleet management cannot eliminate all of these down days, but it can create a 25 percent savings over the course of a year. That adds up to $4,500 annually just for reduced maintenance costs, not to mention reduced fuel costs and increased productivity.

“We believe products such as ours quickly pay for themselves,” said David Picou, C-Level Partner at TrackNet. “Most people buy our service to increase productivity and are happily surprised when they also lower their maintenance costs. That is the hidden benefit to quality fleet management services.”

About TrackNet

TrackNet provides GPS fleet tracking and GPS inventory tracking systems. All programs can be accessed using a computer with an Internet connection, and the goal is to increase productivity and decrease downtime for fleet vehicles. To learn more, visit http://www.tracknetonline.com.

Press release originally published on PRWeb.com