Driver Risk Management

Driver risk management is one of the most vital elements of fleet management. This crucial element involves identifying, appraising, evaluating, and monitoring driver behavior and performance in a way to helps minimize or prevent risks that can affect overall fleet safety and add to the company’s liabilities or limit its claims after an accident. Tapping into this growing avenue of business involves having a process that focuses on all six steps: monitoring, evaluating, behavior-based management appraisal, training, and development, as well as regulatory compliance.

Within driver risk, management lies the utilization of technology-based tools to monitor driver behavior. A fleet’s telematics, GPS trackers, and electronic logs (ELDs) track driver speed, breaking patterns, patterns of acceleration, exceeding posted speed limits and other violation warnings, and exceeding work regulated by ELDs. Data analysis can provide data-driven feedback to the fleet manager who can then take corrective action on high-risk drivers.

TruckX’s driver risk management is an ideal solution for operators of all sizes, offering comprehensive technology that streams various information about the driver’s behavior. This allows a fleet manager to monitor driver performance closely and utilize data-driven insight. Detailed reports and analytics regarding specific drivers or the fleet as a whole are available to allow managers and operators to identify trends and patterns in the driver’s behavior. From this insight, they can design focused training schemes based on a holistic view of an individual’s driving abilities and steer drivers away from areas of risk.

Secondly is the aspect of compliance, which includes monitoring drivers against industry regulations and safety standards. TruckX’s solutions enable fleet operators to follow regulations such as the hours-of-service (or HOS, a regulation to keep drivers from driving drowsy) rules. Our platform also includes a module for incident reporting and investigation into accidents or near-misses.

Through the application of good driver risk management techniques, operators can prevent, or at least reduce, accidents and the associated costs, including vehicle repair, premiums to insurers, compensation for bodily harm, and court appearance. A strong culture of road safety may also contribute to better public relations and overall goodwill from staff and customers.