Why do rental companies use GPS Tracking? Why is telematics beneficial to the rental equipment business?

When it comes to the profitability of the rental industry, it depends on efficiently renting out assets, keeping them in good condition, and managing the asset’s life cycle.

To maximize profitability, a rental company needs to know when and whether their assets will be returned in what condition so that they can be checked in, maintained, and quickly put back on the rental list again.

Most rental companies struggle with asset management. If your company has not installed an advanced asset management system, you will face many issues. For example, it is more complicated to monitor and organize which asset from which location is readily available to be rented out if a rental company has multiple branches. It will end up costing tens of thousands of dollars if you lose even one piece of equipment. They are often not in an ideal condition when your customer returns your rental assets.

According to the report from National Equipment Registry, about 1,000 pieces of commercial equipment are reported stolen every month, which is equivalent to anywhere from $300 million to $1 billion loss per year for business owners.

The lack of an advanced asset management system will result in inflated maintenance and management costs. In order to overcome these challenges, GPS tracking is a must-have for all rental industries to manage and mitigate operational risks.

 

How a GPS Tracking works for the rental equipment industry

Maximizing profitability in a rapidly growing market can be challenging. In fact, the equipment industry in the U.S. is growing. According to the statistics from statista, the size of the U.S. equipment rental market is projected to be sized at approximately $53 billion U.S. dollars in 2022, a 10% of increase from its in 2020.

Along with its increasing market, operators in the rental industry are concerned about the safety and maintenance of their equipment. It is not easy to know how their equipment is used by their customers, or whether they return their rental equipment at the right time in the right place.

To manage and monitor all challenges, GPS tracking solutions help locate your assets using a pre-installed transmitter that tracks the location of the specific object using signals from several satellites and calculating the delay between each one. Today, GPS tracking is more powerful, accurate, and comprehensive by integrating with an asset management system.

GPS tracking integrated with an asset management system provides you with insightful, real-time data and reports that support you to improve safety and productivity.

Let’s look at the benefits of installing GPS Tracking in the rental equipment industry.

5 benefits of GPS tracking for the rental equipment industry

  1. Tracking real-time location & geofencing

Renting your assets to others is risky unless you have full control of management and monitoring. Heavy equipment assets are highly valuable and difficult to replace. With GPS Tracking for heavy machinery, trailers, and other high-value assets, you can monitor your assets’ whereabouts in real-time. You can also set up geofencing, which is a virtual border drawn on the map, in an asset management system. These virtual boundaries or areas can be drawn like a single-lane street or shaped size as a specific yard to help you monitor and manage your valuable assets. These geofences are used as a trigger for alerts when your asset enters/exits in or from the geofenced area. As soon as the GPS tracking detects the movement, it will send an alert. This information is crucial in preventing contract breaches and ensuring that equipment is exactly where it is supposed to be.

 

  1. Monitor equipment condition

Another benefit of using GPS Tracking in the rental equipment industry is automated maintenance. GPS Tracking will allow you to schedule maintenance based on the equipment’s runtime. This will help make sure that maintenance is done on time and increase productivity by maintaining the rental cycle of each asset.  Maintenance notifications of upcoming work can enable you to go perform maintenance on a customer’s job site to prevent costly breakdowns and unnecessary repairs.

 

  1. Prevent theft

As we mentioned earlier, about 1,000 pieces of commercial equipment are reported stolen every month which is equivalent to anywhere from $300 million to $1 billion loss per year for business owners. This can happen to anyone.

What if your customer paid in cash or with a fraudulent credit card and disappeared without returning your rental equipment? When your equipment isn’t returned and you come to collect it, the site will be vacant or the address or person you lent your equipment doesn’t even exist. These unfortunate events could happen to you. How can you prevent this from happening?

You already know that a GPS Tracker allows you to monitor the exact location of your rental equipment. However, the right rental equipment tracking devices can do more than simply aid in locating lost or stolen rental equipment. It also can help you minimize the risk of damage to the assets if it is stolen by minimizing the time that thieves have them.

For example, if a GPS tracking device has geofencing or motion detection capabilities, it will instantly generate an alert if the device crosses the geofencing boundary or detects unauthorized movement. This alert system helps you to quickly identify a potential theft in progress and alert the authorities to the theft. Your quick action can reduce the possibility that the asset will be damaged or disposed of before the asset is found.

 

  1. Maximize equipment utilization

Keeping assets operating longer than they should and missing the right timing to replace them with new ones cause the cost to maintain them to skyrocket. With the right GPS Tracker, rental companies can see equipment usage and the GPS tracker helps them make more informed decisions about asset purchasing and selling.

 

A GPS Tracker integrated with an asset management system can help you stay on top of your asset replacement schedule and find the right time to replace your assets based on the maintenance milestones and their period of usage. The asset management system will provide you with crucial data and help you make the right asset management decisions to maximize equipment utilization.

 

  1. Improve invoice accuracy and billable time

Ditch the old manual tracking of run time and paper-based processes.

Using GPS tracking on your equipment improves your invoice accuracy and billable time. This feature is beneficial especially if you bill your customers based on the runtime of the equipment. You will know the exact amount of runtime from the data by GPS tracking and it will increase your invoicing accuracy.

In addition, monitoring runtime will eliminate human errors. It’s easy to bill your customer by the day, half-day, or by the hour with full and accurate data collected by an asset management system. Using GPS tracking and an asset management system automates everything and helps your work be more accurate and productive.

 

Need an advanced asset management system for your rental business? We are here to help you

Astreon provides a cloud-based system, seamlessly integrated into mobile applications featuring a wide range of IoT solutions. You can get real-time asset tracking visibility with detailed reports on their location. Astreon’s asset management system allows you to monitor your assets’ whereabouts with a click of a button to save time, reduce dwell time, with the added convenience of not having to physically look for your asset. It helps you reduce costs by ensuring that critical assets are available and identified quickly when you need them the most.

Contact us today for more information about our advanced asset management system.

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The ultimate guide to the ELD Mandate and how to choose the best ELD

If you are based in North America and in the commercial transport industry, you’ve already heard about the ELD (Electronic Logging Device) mandate. It’s been in effect in the U.S. since 2017 and Canada in 2021. For Canada, penalty enforcement will be exempted until June 12, 2022.  This is to provide education and awareness to carriers and drivers alike.  The other reason for the delay in enforcement is related to the unprecedented challenge ELD providers have getting their solutions and hardware certified by Transport Canada-approved third-party certification bodies.

If you have not implemented a Canadian compliant solution yet (there are not many that are certified at the time of writing this article), it’s important to fully understand the ELD Market, which is certified in Canada and the US, to help you make an educated decision on which solution to leverage for your business.

In this article, we explain the size of the ELD market, the process of how ELD service providers get accredited, and what you should look for in an ELD before making a purchase.

Global Electronic Logging Devices (ELDs) Market Outlook

Electronic Logging Device (ELD) Market was valued at USD 13.1 Billion in 2020 and is projected to reach USD 17.839 Billion by 2028, growing at a CAGR of 3.94% from 2021 to 2028 according to the report from Verified market research.

 

Electronic-Logging-Device-Market-Size-And-Forecast

The global ELD market is influenced by the development of advanced telematics and fleet management solutions, and increasing investment by carriers in the driver safety system.

Future growth is attributed to stringent government regulations to improve road safety and address road accident concerns by implementing an ELD rule in North America and European countries. The ELD mandate rule came into effect in December 2017 in the US and 2021 in Canada, while Europe made digital tachographs mandatory for commercial vehicles with GVWR of more than 3.5 tons since 2006.

 

 

eld market size by component

Source: https://www.fierceelectronics.com/components/what-electronic-logging-device-market-worth

 

Due to the increased demands of digitalization and the use of telematics technology to improve road safety, operation costs, and stay compliant with government regulations, ELD growth is expected to increase by about 4% per year between now and 2028.

 

ELD Mandate in the USA and Canada

Only 7% of ELD providers will end up being certified by Transport Canada.

The process of ELD certification and regulations are different in each country. It’s important to understand how various ELD verification and regulations between U.S. and Canada differ, as it’s not as simple as just registering an ELD product as certified. ELD manufacturers have to go through stringent certification processes.  Let’s dig in to discover why we believe only 7% of ELD providers will gain Canadian certification.

 

USA

In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) maintains a list of approved products. The FMCSA requires ELD manufacturers to register their own ELD devices, and ELD manufacturers must certify that they have tested their device and that it meets all technical specifications detailed in the ELD Rule.  Assuming the ELD provider has built their app, along with a compatible ELD device, they can simply claim that it is fully compliant when they register the service.

The following are checklists that ELD manufacturers must verify;

  • Meet extensive technical specifications
  • Self-certify their ELD as compliant
  • Register their ELD with the FMCSA

See the listed ELD devices and self-certified by the manufacturer.

There are 727 providers and devices registered with the FMCSA today.  The FMCSA will remove an ELD from the listing if the ELD doesn’t meet the technical specifications, which helps carriers avoid purchasing non-compliant ELDs.

 

Canada

In Canada, Transport Canada approves devices, service providers, and mobile OS. The Canadian ELD Mandate came into effect on June 12, 2021, but with a “progressive” enforcement period.

Jurisdictions confirmed that they would delay implementing penalties until June 12, 2022, to elevate education and awareness of the implementation of ELD, considering the unprecedented challenges caused by the COVID-19 pandemic, and the complexity of obtaining certification in Canada. Read the Full Article about the Canada ELD Mandate Update.

In Canada, ELDs can only be third-party certified and they cannot be self-certified like the U.S.

In order to become a certified ELD service provider there are 2 steps, and two institutions are involved.

Firstly, they need to apply and meet the Technical standard for Electronic Logging Devices published by the Canadian Council of Motor Transport Administrators (CCMTA).

Once the application review and assessment are completed, the Standards Council of Canada will provide the certification body with an Accreditation Report which will be required to apply for an application to Transport Canada. This process will take 7 to 9 months to complete the accreditation.

Next, accredited ELD manufacturers need to send a completed application form and the standards Council Canada Accreditation Report. It takes up to six weeks to complete the certification.

In addition to this, it takes a minimum of 30 days for an accredited certification body to approve an ELD provider.  Currently, there are only 3 approved accrediting bodies today.  Each of them can only approve 1-3 ELD providers per month.  At the time of writing this article, there are only 6 Transport Canada approved ELD service providers since June 2021.

If you do the math, by next June when enforcement and fines will start taking place, of the 727 FMCSA approved ELD providers, a maximum of 78 providers will gain certification in Canada.  A more realistic number is approximately 30-40 providers.

 

Certification Costs

According to trucknews.com, ELD providers can submit only three models at a time, the certification fee is approximately $50,000 USD per device.  This only includes 1 mobile OS (like Android or iOS). If an ELD provider wants to get both mobile operating systems approved for each device, then the cost doubles. Each year, 25% of the ELDs will have to be retested for which ELD providers will have to pay $12,000 to $25,000 per device model.

Looking at the cost, the lengthy process, and lack of accreditation resources to certify providers, you can clearly see why so few providers are certified today, 4 months after the mandate has been implemented.

On top of this, most or all ELD providers are expected to raise their rates by up to 40%.  Essentially these high costs of certification and upkeep are being passed on to the consumer.  If you already have an ELD today, there is a good chance it won’t get certified in Canada. If it does, expect a cost increase of your services along with it.

 

How to choose the best ELD wisely

If you are in the commercial transport industry in Canada, you need to prepare now. According to trucknews, federally regulated trucks that lack certified electronic logging devices (ELDs) could receive formal warnings as early as this December (if they travel through Alberta or Manitoba). The penalties for non-compliance will be enforced on June 12, 2022. You need to choose the best ELD for your company, however, picking an ELD provider is not easy. There are many options out there and it is difficult to filter which one is actually certified in your country.

Here is a checklist to help you out when choosing the best ELD solution provider.

  1. Check if an ELD is certified

Before you type “ELD in (your country/city)” or “best ELD” in the search bar, the first thing you need to do is visit Transport Canada’s official website to see the list of registered ELDs. This is a critical step so don’t skip this part.

  1. Background check your ELD provider
    1. Years of business
    2. Company location (local or not)
    3. of clients and their references
    4. of employees
    5. of partnerships

Make sure the ELD meets your requirements as well as your local regulations.

 

Astreon’s certified ELDs

Astreon has a partnership with certified ELD manufacturers like Apollo and Vistracks. They are compliant, certified, and driver-friendly ELD solutions in USA and Canada. Provide continuity and risk mitigation for your business with HOS, IFTA reports, Driver Vehicle Inspection Reports, Engine Diagnostics, and more features.

Check our ELD pages to learn more.

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Smart Technology – Transformation in the Agriculture industry

The agriculture and farming industry has embraced a major transformation with the new era of “Smart Technology” that is designed to help improve efficiency using telematics and GPS tracking technology. “Smart Technology” refers to operating farms by utilizing modern information and communication technologies to improve the quantity and quality of crops.

Agriculture has seen a big demand for optimization through smart technology under the pressure of climate change, fluctuating commodity prices, rising interest rates, growing population, and labor issues.

Telematics and GPS provide agricultural workers & managers with transparent data on fields, crops, and their processing. Having specific information and insight on hand users can effectively plan and improve agribusiness processes as well as driver further efficiencies.

Let’s explore how Smart Technology can transform agricultural operations.

How Smart Technology Can Help Improve Precision Farming

Leveraging telematics and GPS can help to increase efficiency. The followings are major areas that can drive cost savings and increase productivity for the business:

 

  1. Increase Productivity

Managing farm vehicles & equipment can be cumbersome, and it is difficult to get an immediate and real-time snap shop of your fleet. Smart Technology solves this problem by providing simple and easy-to-use tools for more effective management.

GPS tracking & fleet management software provide real-time insights into the whereabouts and activities of your vehicles. It easily identifies what is in use or not, as well as a history of previous activity. This helps further by enabling you to assign the appropriate asset to the right crop and ensure you maximize that asset’s utilization.

 

  1. Protect Valuable Assets

Not knowing the whereabouts of your vehicles has its own inherent opportunity costs, but could also mean a lost or missing asset, which comes at a much bigger cost to the company (as well as additional downtime).

GPS Tracking/Telematics assures that you have your finger on the pulse. You can easily identify unauthorized use as well as receive real-time notifications which are fully configurable. You can take immediate action and prevent unexpected losses.

 

  1. Managing Crop Rotation

Geofencing provides an invaluable tool for cultivation, fertilization, and harvesting (a Geofence is a virtual boundary that you can draw around key areas/fields). This will provide accurate data on the integration of your equipment with these fields or areas.

By assigning fields within the telematics software, you can manage and assign work scheduled on these fields. Easily identify when certain work has begun, what percentage has been completed or missed, even at what speed was each pass completed.

In addition, geofencing can be used for fencing off regions that need to be left alone for cultivation. Isolating land can help farmers notify unwelcoming invaders, such as animals to prevent accidents or injury to humans and livestock.

This will also provide a historic view of interactions and previous cultivations completed within your various fields.

agri+

 

  1. Improved Routes

Using inefficient routes means increased costs, and GPS tracking helps eliminate the guesswork when it comes to navigation. Optimization of a route means decreased fuel consumption, reduce wear & tear, and reduces labor costs.

 

  1. Dashboard & Reports

Gain insight by leveraging dashboards and reports regarding cultivated fields, overlaps and omissions, fuel consumption, mileage, speed, and other key parameters. Users can gain valuable time by easily reviewing daily detailed information on completed works, and leverage this within accounting as well. Reports allow you to not only control all types of work but also assess their quality and improve the agricultural processes of your enterprise.

agri+ report

 

Future outlook of the agriculture industry with Smart Technology

According to the UN Food and Agriculture Organisation (FAO) report, farmers will have to produce 70% more food by 2050 to meet the needs of the world’s expected population of 9 Billion. With growing demand, technology will certainly play a huge role in meeting these needs.

Thanks to today’s technologies, farmers can produce even greater output without unnecessary effort.

By integrating telematics with a fleet management system, you can better control fieldwork based on telematics data. Astreon provides an Agriculture GPS solution that delivers transparent data about crop rotations and field operations to your business. By empowering farmers with this key information, you can better plan and improve your agribusiness processes, as well as make better decisions with greater insight.

For more information about our Agricultural GPS Solution, please contact us today!

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The complete guide to Dispatch Management Software

As the demand in the supply chain industry is increasing, the logistics and transportation industries rely more on technology to streamline the operation to prevent any shipping delays.

The process is a lot more complicated than simply sending a delivery truck to pick up the package they’d like to deliver. There are many questions you need to address, such as delivery schedule, driver/vehicle assignments & availability, routes considering traffic, and tracking process.

These are the challenges of dispatch management, but these same issues are addressed with effective dispatch management software.

 

What is a Dispatch Management Software?

A Dispatch Management Software is a process of organizing, assigning, and optimizing delivery schedules and routes for businesses in the delivery, maintenance, and service industries. Dispatch Management Software optimizes your routes and schedules while maximizing efficiency, and minimizing costs.

 

How Dispatch Management Software works

By integrating with GPS tracking and mobile apps which provide real-time updates, you can track the real-time whereabouts of your vehicles, traffics conditions, and assignments of available carriers. This, along with advanced routing algorithms, provides automated assignments for pickups, drop-offs, service calls, deliveries, etc.  These applications can provide Proof of Delivery or Service completion, with photos, signatures, and driver notes.

Keeping track of the locations and statuses of drivers allows you to improve your dispatching. It also helps connect a dispatcher with drivers for faster, better communication.

The software can help schedule plan, optimize routes, providing real-time routing, monitoring driver behavior, alert notifications, and calculate total route costs which allow your company to lower turnaround times and costs.

Why does using Dispatch Management Software dramatically improves your business’s efficiency and performance?

Leveraging dispatch management software brings you huge benefits by automating every process.

Without an efficient dispatch system in your business, time is wasted manually tracking the vehicles, planning routes, and managing driver schedules. With dispatch management software, managing all these processes is automated and easy.

 

Key aspects of dispatch management software

 

Better delivery routes

Instead of planning routes manually, dispatch management helps you generate optimal travel routes more efficiently.

Based on which vehicle is closest and available, service time commitments, and route preferences, what kind of capacity the vehicle has, traffic, the application provides planned routes with information on the estimated arrival time and mileage of each stop and route. Optimal routes will result in faster delivery & service times, increased customer & driver satisfaction, and cost savings.

 

Reduced service costs

Effective dispatch management not only saves time by optimizing routes but also saves money. Drivers spend less time on the road, along with optimized and improved routes, which results in reduced fuel consumption and reduced operation time.

According to ABI Research, the cost savings from having a dispatch management system could be well over 12% in profitability and 13% in vehicle utilization with a 15% decrease in travel time.

Dispatch management software also provides you with impactful reporting so that you can see precisely which areas need to be improved to lower costs and increase profits.

 

Improve customer & driver satisfaction

Customers always want to know where their packages are and when they are expected to receive their packages.

Dispatch management software can provide both you and your customers with real-time updates on driver’s whereabouts and estimated delivery schedules. Some applications allow clients to communicate directly with the driver.

These tools increase driver satisfaction because you don’t have to worry about a delivery delay due to unexpected traffic conditions, reducing driver’s stress levels. It can also avoid any irregular schedules by optimizing routes, assignments of available drivers and vehicles.

 

Improve driver behavior and safety

Real-time monitoring and data enable a dispatcher to measure driver behavior and safety. Dispatch management software allows a dispatcher to track the delivery process in real-time and respond to emerging issues through phone calls or chat. Dispatch management software will notify a dispatcher and driver via notifications whenever unexpected issues happen.

 

Astreon Dispatch & Order Distribution

Our dispatch management software is a fully-featured and integrated module to manage tasks, pickups, drop-offs, destinations for all order management business needs.

Contact our specialist today to learn more about how we can help your business.

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Truck industry embracing change due to the emission regulations and high demand for electric trucks

The truck industry will be embracing change due to the emission regulations by the government. Demand for EV’s in the transportation sector is also rising due to the high cost of fuel and sustainability initiatives by private organizations.

See the full article about tighter truck emission regulations

What is EV (Electric Vehicle)

EV (Electric Vehicle) is a vehicle that is powered by a pack of rechargeable batteries instead of fossil fuels like current-generation vehicles use. The vehicle needs to be plugged into a wall outlet or high voltage charging station to recharge its batteries. As EV’s don’t use combustion or fossil fuels that burn, the vehicle emits no airborne pollutants. This will be a huge contributor to reducing greenhouse gas, air pollutions and other environmental impacts caused by emissions from automobiles.

 

Electric Truck Market Statistics 2021-2027

EV is in demand. Let’s see the EV Truck Market.

The global electric truck market size was valued at $422.5 million in 2019 and is expected to reach $1.893 billion by 2027, registering a CAGR of 25.8% from 2020 to 2027 according to statistics from Allied Market Research.

 

Electricity Demand

EV demand by mode

According to the Global EV outlook 2020 from IEA, in 2030, in the Stated Policies Scenario, global electricity from electric vehicles (including two/three-wheelers) reaches 550 TWh, or about a six-fold increase from 2019 levels.

The share of demand due to electric vehicles in total electricity consumption at a national/regional level grows to as high as 4% in Europe. In the Sustainable Development Scenario, with demand rising nearly eleven-fold from 2019 to almost 1 000 TWh, the share of total demand ranges from 2% in Japan to 6% in Europe.

EV demand by country

 

Rising demand for electric trucks

With emission regulations and stringent emission norms adopted by people, the demand for electric vehicles is rising across the world. Major auto manufacturers like Tesla, Volvo, Ford, and Mercedes-Benz manufacture EVs to meet the demand from consumers, contributing to a dramatic reduction in CO2 emissions. As an example, Volvo is committed to producing purely EV’s by 2030.

“I would be surprised if we wouldn’t deliver only electric cars from 2030.”

CEO Hakan Samuelsson recently told the Financial Times Futures, as reported by Automotive News.

Tesla EV Truck       Volvo EV Truck       Mercedes-Benz EV Truck

 

Advantage of owning an EV

Owning an EV has many benefits.

Save your money

Because EV’s runs on electricity instead of fossil fuels, it is much more affordable to drive. The average Canadian driver, traveling 20,000 km per year, can save as much as $2,000 per year on fuel alone.

In addition, EV’s don’t require oil changes, mufflers, or exhaust systems which saves a lot per year on maintenance.

Environmentally Friendly

Conventional vehicles burn fossil fuels which produce hazardous chemicals and greenhouse gas emissions. These pollutants contribute to air pollution and climate change.

In contrast, an EV uses an electric motor, so it doesn’t produce any tailpipe emissions.

Compliance

Our Blog last week discussed US truck emission regulations. Governments across the world are putting pressure on vehicle manufactures and the truck industry to reduce carbon emissions caused by diesel fuel to tackle greenhouse gas emissions.

As a result of this, and greater adoption of EV’s in consumers, it is expected that half of the passenger cars and light trucks sold by 2030 will be zero-emission vehicles in North America.

 

EV Fleet Management Software

Using Fleet Management Software helps businesses save money, while increasing profitability, efficiency and safety. It helps you optimize routes, monitor fuel, vehicle health and diagnostics, such as engine status, fuel consumption, and mileage. See the real-time location of your fleet and notification alerts for things like idle & dwell time, excessive speeding and reckless driving.

Apart from fuel management, these same benefits apply to EV’s. EV Fleet Management Software enables your EVs to optimize charging and always keep them ready to go. The following are major features EV Fleet Management Software has.

Battery kW Usage by Trip

Just like fuel consumption by the trip, EV’s use a metric of Wh per Kilometer or Mile, giving us the ability to calculate EV efficiency by vehicle, by the trip, and over time.  This efficiency report provides insight into battery consumption while driving, evaluating the energy efficiency of each EV in your fleet, including factors like driving behavior by a driver, which can massively affect overall efficiency.

EV charging report

A charging history of your EVs provides you when and where vehicles are charging, the length of charging time, kW h charged, and location. This report gives you deeper insight into each EV to monitor their charging history and what current level of the charge they have.

Real-time charging status

It enables you to track and monitor your EVs’ charging status in real-time and get alerted whenever the battery reaches a critical level and needs to be charged.

Route planning

It provides not only optimized routes for your EV fleet, but also nearby charging stations while ensuring that dispatched EVs have enough battery to complete the task.

Battery health

You can monitor your vehicles’ battery capacity and health in real-time. Analyzing battery health based on weather, usage, and charging habits can help you optimize your vehicles’ performance.

 

Start Electrifying your Fleet today with Astreon

By 2030 you’ll start to see this industry change come into effect. Prepared your fleet and optimize your EVs with our Fleet Management Software.

Contact us today for more information about our fleet management system.

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Biden Proposed Tighter Truck Emission Regulations

The Biden administration has ordered federal agencies to develop tighter fuel efficiency, greenhouse gas, and oxides of nitrogen emissions standards for medium- and heavy-duty trucks last week.

The fuel economy and emissions requirements proposed by the Environmental Protection Agency (EPA) and Department of Transportation would strengthen regulations eased by the Trump administration, trying to get back to a stricter path planned by former President Barack Obama in 2012.

 

“Today, I am following through with a campaign commitment to reverse the previous administration’s short-sighted rollback of vehicle emissions and efficiency standards.”

 

President Joe Biden said at a White House event to announce the new standards.

At the beginning of August, President Biden issued an Executive Order that aimed at promoting the sales of zero-emission vehicles and calling on EPA and the Department of Transportation to consider setting new emissions and fuel efficiency standards.

In the Executive Order, Biden states that “America must lead the world on clean and efficient cars and trucks. That means bolstering our domestic market by setting a goal that 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles, including battery-electric, plug-in hybrid electric, or fuel cell electric vehicles.”.

In addition, President Biden also calls for EPA and DOT to issue final rules by July 2024 addressing;

  • Multi-pollutant emission standards including greenhouse gas emissions, for light- and medium-duty vehicles
  • Fuel economy standards for passenger cars and light-duty trucks
  • Fuel efficiency standards for heavy-duty pickup trucks and vans
  • Greenhouse gas emissions standards for heavy-duty engines and vehicles
  • Fuel efficiency standards for medium-and heavy-duty engines and vehicles

 

What about Canada?

The Government of Canada has mandated and revised stringent regulations which mostly mirror the U.S. regulations;

  • On-Road Vehicle and Engine Emission Regulations – Tier 2 – 2004-2016 model years
  • Passenger Car and Light Duty Truck GHG Emission Regulations – 2011–2016 model years
  • Heavy-Duty Vehicle & Engine GHG Emission Regulations – 2014–2018 model years
  • Passenger Car and Light Duty Truck GHG Emission Regulations – 2017–2025 model years
  • On-Road Vehicle and Engine Emission Regulations – Tier 3 – 2017-2025 model years
  • Heavy-Duty Vehicle & Engine GHG Emission Regulations – 2019–2027 model years (in development)

Source: Canadian Vehicle Manufacturers’ Association

How your company can adjust to this change

Adopting the new regulations is challenging and now it’s still uncertain how these regulations impact truck industries. However, it’s for sure that the truck industry will need to take the next leap in sustainability no later than 2030.

 

What you can prepare and how Astreon can help

Fuel

Analyzing and improving driving behavior, such as acceleration, braking, speeding, and reckless driving can save fuel usage. Observing speed limits and driving patterns will help you educate your drivers and improve their skills is a contributing factor in driving cost savings for your fleet. The US Department of Energy reports that after a driver reaches 50mph, as mileage starts to decrease, each 5mph you drive over 50mph can cost you an additional $0.15 per gallon for gasoline.

Our Fleet Management Software provides impactful and relevant data of all activities such as driving behavior, fuel costs, mileage, idling time, the total cost per travel, etc…

Using our Fleet Management Software results in fleet-wide average savings of 15% or more on fuel costs and an increase of 30% or more on overall fleet efficiency.

Energy

Real-time performance reports of your equipment and machinery can help improve energy efficiency. Our Fleet Management Software provides better visibility into equipment energy efficiency to help improve the performance and reliability of equipment and machinery.

 

Pollutants

Air pollution is becoming a major issue in many of the world’s large cities and heavy-duty vehicles are a massive contributor.

Our Fleet management system enables you to provide drivers with the most optimal route for your fleet each day, which also considers real-time traffic conditions. These enhancements drastically reduce travel time, engine idling and the release of harmful pollutants into the air.

eco driving

Zero Emissions

GPS fleet tracking technology also can contribute to improvements in CO2 monitoring. You can track exactly which vehicle and how much a vehicle is contributing to poor air quality by the data from GPS fleet telematics. Using this data and reports from Fleet Management Software, you can get the complete picture of vehicle utilization, carbon emissions and fuel consumption.

fuel management

dashboard2-fleetrun

Our commitment to sustainability

Sustainability is a core value of Astreon and our technology helps our customers, society, and employees improve their environmental impact as we all walk together towards the same goal – zero emissions, reduce pollutants, and fuel & energy efficiencies. Check our Sustainability page to see how we approach these environmental impacts.

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The Fleet Management Software Market is projected to reach USD 50.09 billion by 2027 – Market size & share, by solutions

The Fleet Management Software Market is expected to rise with an outstanding CAGR and reach the highest revenue by 2027 according to the report from Fortune business insights.

The report forecasts that “ The global fleet management software market size stood at USD 14.59 billion in 2019 and is projected to reach USD 50.09 billion by 2027, exhibiting a CAGR of 16.8% during the forecast period”

 

The research report is analyzed based on the fleet management software market share, fleet types, applications, solutions, by industry and by region.

This upward trend is driven by the implementation of regulatory measurements, integration of artificial intelligence, and high demand for connected cars.

For more details about the report, get a sample copy of the report at –  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100893

 

This infographic summarizes all information from the report and features of Fleet Management Software.

Fleet Management Software Market infographic

By region

The global market scope is classified across five regions, North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

According to the research, North America is the biggest market globally gaining USD 5 billion in 2019. Especially, Canada is likely to gain rapid growth in the forecast period in terms of rising adoption of telematics in the trucking industry.

 

By solution

According to the study, industries are most likely to seek the solutions of the supply chain management followed by fleet maintenance, such as the last time checkup date, mileage, or engine alerts. For logistics solutions, fleet management software provides real-time insights along with historical data to keep your fleets efficient. It helps optimize routes, avoid more expensive routes and make better dispatching decisions. For maintenance solutions, fleet management software can alert drivers, fleet managers, maintenance teams and owners when vehicles need maintenance automatically based on data such as the last time checkup data, mileage, or engine alerts.

Performance management is the third-highest demanded solution. The demand for the performance management solution is rising due to the policies and compliance of environmental and safety regulations and is expected to grow rapidly for the forecast period.

 

Astreon Fleet Management Software

Astreon offers the most Comprehensive & Advanced Fleet Management platform available for your Vehicles, Trailers, Machinery, and Equipment, with over 2.9 million+ tracked assets globally. Our software is easy to use, fully customizable, and advanced. With our Fleet Management platform, you see all your assets on one screen in a simple to operate, powerful application. Our in-house development team is always developing leading-edge technology to allow us to exceed our clients’ expectations.

Contact us today!

Tel: +1 (800) 647-4730

Email: sales@astreon.com

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How you can save money during the oil and diesel price surge

on-highway diesel fuel prices

According to the graph from EIA, National on-highway diesel prices went up to $3.33 per gallon by end of June as crude oil prices hit their highest level in more than 6 years.

North American benchmark oil prices have risen from under $50US a barrel at the beginning of the year, to over $70 US a barrel recently. The price surge is expected to reach about $100 a barrel by next year.

This rise in fuel and oil prices drastically influences operational costs and impacts profitability for carriers and delivery companies as fuel represents a primary expense.

According to the infographic from TRUCKERS REPORT, fuel cost accounts for 39% of total operating costs. A commercial truck can easily consume more than $70,000 of diesel fuel per year. As the price of fuel continues to rise, your fuel costs will be expanding more than ever. That’s why it is important to discuss actionable plans to tackle this price surge trend.

How to combat the effects of rising fuel costs

In order to combat the impact of rising fuel costs, it is critical to have insightful data about your fleet operations to analyze and drive effective improvements in your business. To get this insightful data, you need a robust GPS Tracking solution in your fleet to better understand how much gasoline or diesel is consumed by your fleet each month and year. A GPS Fleet Management system is also important to help analyze data and receive powerful automated reports to identify where you can drive additional efficiencies and savings.

 

The following areas can be analyzed and improved using Fleet Management and Tracking Software;

 

Speeding & Driving Behaviour

Select and monitor parameters to analyze driving behavior, such as acceleration, braking, speeding, reckless driving, and acceleration while cornering. Observing speed limits and driving patterns to help you educate drivers and improve drivers’ skills is a major contributing factor in driving cost savings for your fleet. In fact, the US Department of Energy reports that after a driver reaches 50mph, as mileage starts to decrease, each 5mph you drive over 50mph can cost you an additional $0.15 per gallon for gasoline.

 

Idling time

Idling is another major contributor to fuel consumption and is often difficult to identify, reduce and/or prevent. According to a report from the US Department of Energy, idling can use 1/4 to 1/2 gallon of fuel per hour.

With GPS fleet management software, you can accurately identify preventable idling events and reduce and/or eliminate their occurrence. This will additionally provide useful reports such as how long your fleet was idling, how each vehicle compares to the rest, and how has idling changed over the last few months or year (to gauge trends, gauge improvements, etc.). This information can be used for additional coaching and overall driver improvement across your fleet.

 

Route optimization & Dispatching

Route optimization & Dispatching

Optimized routes improve mileage and fleet productivity. Efficient routes can also help a driver congested areas and minimize time loss. Fleet management systems enable you to give drivers the most optimal route for your fleet and drivers each day. These enhancements drastically reduce travel time, allowing your drivers to take extra jobs and increase revenue. By leveraging advanced fleet management and dispatching features you can optimize routes, avoid more expensive routes, and make better dispatching decisions.

 

 

Vehicle Maintenance

Receiving regular maintenance checks is important and contributes to keeping fuel costs down over time. Keeping an engine tuned up can improve gas mileage by an average of 4% according to a report from the US Department of Energy.

Fleet management software can alert drivers, fleet managers, maintenance teams, and owners when vehicles need maintenance automatically based on data such as the last time checkup date, mileage, or engine alerts.

 

Tire inflation

Tire inflation

Proper tire inflation can affect gas mileage consumption. According to a report from the US Department of Energy, you can improve your gas mileage by 0.6% on average, and up to 3% in some cases by keeping your tires inflated to the proper pressure level.

Under-inflated tires can lower gas mileage by about 0.2% for every 1 psi drop in the average pressure of all tires.

By leveraging Bluetooth-enabled GPS Trackers you can monitor tire pressure, check inflation pressures to minimize tire wear, minimize fuel consumption, and take action before a problem arises.

Prepare for oil and diesel price surge

Astreon offers the most Comprehensive & Advanced Fleet Management platform available for your Vehicles, Trailers, Machinery, and Equipment, with over 2.9 million+ tracked assets globally. Our software is easy to use, fully customizable and provides advanced industry-leading features. With our Fleet Management platform, you can visualize all of your fleet assets on one screen in a simple to operate, powerful application. Fuel Control with Astreon is the complete solution for optimizing fuel expenditure and ultimately saving your company time and money.

Contact us today!

Tel: +1 (800) 647-4730

Email: sales@astreon.com

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