GPS Fleet Tracking ROI
PRODUCTIVITY & EFFICIENCY
Average productivity gains across industries: 7%
Based on this industry average, you can gain 30 minutes of productivity per day per fleet vehicle–and reduce fleet cost. At an average billing rate of $150 hour and gross profit margin of 40%, that 30 minutes a day equals an additional monthly contribution of $660 per fleet vehicle. With just 15 vehicles, you could save $118,800 per year.
- 30 Minutes per Vehicle per Day Gained
- $118,800 Gained per Year
Western Weather Protectors created a culture of accountability, increased overall productivity, and improved their bottom-line by $20,000 a month with the Titan GPS fleet management system.
Average fuel saving across industries: 8%
Based on this industry average, a small vehicle fleet of 15 light-duty trucks that get a combined 14 L/100 km (17 mpg) and put on an average 2500 km (1500 miles) per truck each month can reduce their annual fuel usage by 7,560 liters (2,000 US gallons).
- 7,560 liters (2,000 USG) Saved per Year
- 18,382 Kg of GHG Emissions Saved per Year
With significant advances in GPS tracking solutions like Titan GPS, this 8% figure is a conservative industry value. Additional monitoring and reporting capabilities significantly reduce fuel consumption. In fact, we’ve seen fuel savings of up to 35% for some customers. Check out the Fire Protection Case Study to see how they saved 20% on their fuel bill across their entire fleet.
Reduce speed by 10% to cut fatal collisions by 50%
Research indicates that going 10% slower reduces the likelihood of a fatal collision by 50%. Direct and indirect costs of all motor vehicle accidents in Canada are a staggering $25 billion a year.
A national survey conducted by Ekos Research for Transport Canada indicated that while 47% of the respondents agreed speeding is the primary cause of traffic collisions, 70% admitted to exceeding the speed limit at least sometimes, particularly on highways (81%).
With Titan GPS, powered by Certified Tracking Solutions, you have the tools available to critically assess your drivers and significantly improve safety across the board. Take a look at SMS Equipment. They dramatically curbed dangerous and wasteful driving behavior.
Your customers are 4x more likely to buy from a competitor if they experience poor customer service
A recent study on consumer sentiment concluded that after a positive service experience, 69% of customers would recommend the company to others while 50% would use the business more frequently. Statistics like these show how vital excellent service is for the long-term success of your business.
Titan GPS tracking systems give your fleet a competitive advantage. Confidently provide arrival times, complete jobs more efficiently, improve response times with efficient routing, and ensure fleet vehicles represent your brand positively. See how Forthryte Services is putting more jobs through and why their customers couldn’t be happier.