Calculating fleet efficiency means the process of measuring several operational indicators to measure the way a fleet runs efficiently at the lowest cost and highest level of productivity. The tool also allows fleet operators to spot weak points and optimize performance.
Key metrics for fleet efficiency include:
- Fuel Use: Estimate fuel use per vehicle/trip. Less fuel and more mileage mean more efficiency.
- Route Optimization: Assess if vehicles take the best routes. Pre-mapped routes cut time, fuel, and money.
- Vehicle Uptime: Determine how much time a vehicle is running vs being off the road for maintenance. Higher uptime means greater efficiency.
- Speeding, Idling, And Hard Braking: Check driver performance for fuel consumption and wear on the vehicle.
- Maintenance Plan: Check to see if preventative maintenance is saving money on repairs and extending the life of the vehicle.
TruckX is an ELD and fleet management company that automates efficiency monitoring with GPS, ELD, and Telematics. With our software, fleet owners can get real-time information, plan routes, cut fuel expenses, and stay compliant. These features help fleets run more efficiently and increase profits.
