Fleet utilization rate tells you how much time your vehicles are being used rather than all their available time. Optimal fleet utilization is around 85-95%, defined as efficient use of your assets without overwork or underuse.
High utilization equates balancing vehicle availability against operational demands with scheduled maintenance and driver availability. Ratios under 85% typically indicate inactive assets and drive-up costs and opportunities. Rates above 95% could mean overuse, which increases wear and tear or potentially disrupts services.
A good fleet utilization rate matters directly to profitability. More efficient vehicles save money on fuel, maintenance, and driver time while yielding the highest ROI per vehicle. Stabilizing use also keeps your fleet safe and prolongs the life of your assets.
TruckX gives assets management solutions that track and improve utilization rates. Fleet managers can see idle vehicles, optimize routes, and anticipate maintenance with real-time GPS tracking, automated reporting, and predictive maintenance alerts. Using data from TruckX’s telematics products, fleets can keep their usage rate at a healthy level to maximize efficiency and profit without losing asset life or regulation.
