Last month ORBCOMM published a blog post about whether the ROI of trailer telematics is significant enough to justify the investment. DAT Solutions recently released its survey of 257 carriers and the conclusions definitely corroborate what we’re saying.
A few of the Report findings include:
- 84% of carriers note that detention is among the top five business problems.
- 54% of respondents report typical detention times of three to four hours; 9% report five or more hours is the norm.
- Only 3% of carriers were paid on 90% or more of their detention claims.
If a trailer is stationary or parked in a depot somewhere, it’s not moving freight. That means it’s not making money. A tracking solution can make a big impact on this problem by providing complete visibility of assets. In real time, carriers are able to track trailer status and flag assets that have exceeded grace periods. The collected data can then be used to invoice for extra time.
This is just one example of the ROI of a trailer tracking solution. It can also find lost, stolen or misplaced assets; track fuel levels; monitor driver behavior; optimize routes; and improve cargo and driver safety. Each feature improves operational efficiency and productivity. Imagine the combined impact on the bottom line.
To read more about the benefits of remotely tracking, monitoring and controlling fleets of vehicles, trailers, reefers, intermodal containers, railcars and more, read our brochure entitled Complete Visibility and Control of Transport Assets.