Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, today unveiled the results of its latest industry survey, which shows that many fleet professionals aren't leveraging onboard computer (OBC) data to pinpoint operational cost-savings potential.
The online survey was presented to more than 2,000 fleet industry and transportation professionals. One hundred percent of survey respondents said that their OBC data assists with managing overall fleet operating performance to lower costs. However, the specifics of what they’re monitoring show that they’re widely missing an opportunity to identify key areas of cost reduction.
While 70% of industry professionals regularly monitor OBC data for driver logs and dispatching, only 6% utilize it to gain insight on fuel consumption (roughly 70% of a fleet's annual operating costs).
"In an age where computers drive every aspect of our business operations, it's surprising to learn that many fleets are under-utilizing the data that impacts their company's bottom line," said Brian Holland, President and CFO of Fleet Advantage. "In today’s highly competitive environment where margins continue to be compressed, a deliberate focus on analysis of key OBC data can save fleets millions and provide fleet operators with a competitive advantage. With the considerable amount of OBC data available, and the time constraints of fleet executives to consider, it can be overwhelming to organize and analyze the data in order to make informed decisions for their fleet operations."
The survey also revealed that 33% of respondents cannot quantify operational savings using OBC reporting. Of the remaining respondents, 10% report annual savings of $4,000 per vehicle or greater; 10% reported savings of $2,000-$3,000; 44% reported savings of $500-$2,000; and 3% reported savings of $500 or less.
To view the full results from this survey, click here.
About Fleet Advantage
Fleet Advantage serves America’s top truck fleets and guarantees the absolute lowest cost of ownership by providing truck leasing and matching proprietary data driven IT processes with fleet analytics using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing fuel and maintenance costs. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2015 and 2013, Fleet Advantage was also named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida - Emerging Category award.