Research has revealed that fleets with integrated telematics and tracking tools get paid over 25% more per mile than those who don’t.
The research findings by Transport Exchange Group were published to mark the fifth anniversary of its partnership with Teletrac Navman.
It revealed that on average more than 100 integrated member organisations who combine Teletrac Navman’s telematics systems with those of the Exchange, not only carry more loads than the average member, but are able to charge higher rates.
Transport Exchange Group’s head of business development Simon Bunegar (pictured) said: “Traditionally, vehicle tracking systems, which enable fleets managers to track their fleet in real time, reduce risk. They are not designed to win new business.
“But when you integrate telematics with a freight exchange platform, it’s a very different story. Integrated members, who can forensically demonstrate control over their fleet, are in great demand.”
The research revealed that integrated members carry nearly 40% more loads than a CX or a HX member who chooses not to use tracking technology.
And the findings also highlight that integrated carriers typically get paid over 25% more per mile than members who don’t use fleet management tracking tools such as Teletrac Navman’s.
The findings also show that integrated members run empty less often, and although they make up around a fifth of Transport Exchange Group’s membership, they are significant contributors to the Exchange’s total C02 emissions reduction, which currently stands at over 16,000 tonnes each year.
Teletrac Navman’s director of UK marketing Peter Millichap said: “Working in collaboration with the Transport Exchange Group, which specialises in advanced load consolidation, has also enabled carriers to generate more revenue at higher margins, but at the same time lower their emissions. We’re very proud to be part of this success story.”
Andy Ling, managing director of Redhead Couriers, an Essex-based express courier, which became the first company on the Exchange to adopt the technology in 2013, said: “The Teletrac Navman tracking technology, when integrated with the Exchange, has made a huge difference to us.
“It has helped us win more business because contractors, who are also integrated, are always able to track our vehicles are in real time. And because we have integrated vehicle tracking, even those who don’t have the facility to do so can use smart alerts to track our vehicles.
"We have found that this has increased demand for our services considerably.”