Despite uncertainty linked to the COVID-19 pandemic, the fleet industry has seen continued investment in technology to adapt to new ways of operating and tracking fleet vehicles. According to the 2021 Verizon Connect White paper on the latest fleet management trends, while 55% reported a negative impact from the pandemic, the adoption of fleet technology has nonetheless increased by 8%, with 32% of businesses having achieved a positive return on investment in less than a year.
Other key takeaways from the report showed that usage of GPS fleet tracking technology has increased from 64% in 2019 to 72% in 2020, resulting in 62% improved customer service, 54% improved compliance, 41% improved vehicle maintenance, and 49% improved productivity. Video telematics technology also played a large part in achieving industry goals related to driver safety. Fleet businesses using an in-cab video solution achieved 83% in driver safety. The transportation industry also saw a reduction of 42% in insurance costs. For the new year, the fleet industry can expect the following:
- Improved GPS tracking and telematics technology to increase vehicle tracking and driver safety
- Remote fleet management for streamlining fleet tracking and optimizing schedules and budgets
- Expansion of fleet electric vehicles to reduce environmental impact and fuel costs
- Improved health and safety measures to protect drivers, passengers, and fleet industry employees
For more information about industry trends and fleet management, please call Vanguard Resources today at 210-495-1950 or email us at email@example.com.
*Information from this article was found from https://www.verizonconnect.com/resources/ebook/fleet-trends-report-2021/ and https://fleet.randmcnally.com/blog/post/2021-fleet-industry-trends