We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Fleet Advantage Survey: Companies with Transport Fleets Made Rapid Adaptations To Truck Operations
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Fleet Advantage Survey: Companies with Transport Fleets Made Rapid Adaptations To Truck Operations

October 26, 2020
No Comments

FORT LAUDERDALE, FL (October 26, 2020) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM) announced today results of its latest industry survey which shows how companies in different industries had to modify and scale their truck operations because of the COVID-19 pandemic. Click here to see the complete results of the survey.

Fleet Advantage commissioned the online survey during August and found that 36% of the companies that responded had to change routes for as many as 40% of the trucks in their fleets, and 25% have had to change what their trucks are primarily hauling. Much of this shift was a result of the closing of many restaurants across the country, with fleets shifting their routes to handle increased demand for grocery items and retail/merchandise (non-food) delivery.

The survey also illustrated where roughly 50% of respondents used less than 30% of the typical miles accumulated in routes when the pandemic hit. This also meant that roughly four of every ten fleets were operating at 80% of normal utilization. As a result, along with the broader impact from the economy, 27% of organizations said they were forced to downsize their fleets.

Proper truck utilization data is critical today to help fleets make accurate, real-time decisions on their trucks, utilization patterns and maintenance and replacement schedules. According to the survey, fleet executives use analytics data to better understand miles driven (76%), maintenance data (68%), and fuel consumption (55%).

Despite the significant advancements in real-time analytics data available, as many as 51% of fleet executives admit they are not overly confident they have access to reporting information for properly analyzing their data during COVID-19. In fact, 74% of executives either agreed or strongly agreed with the notion that access to better reporting data would help them in their fleet decision-making.

In addition to business volume fluctuations (19%) and overall economic uncertainty (10%), many fleet executives commented that driver related issues such health concerns, staffing and morale (33%) were an immediate priority for them.

“This year has proved challenging for various organizations, their employees and families as they’ve had to navigate through rapid business adaptations as well as health and safety challenges,” said Katerina Jones, Sr. Director, Marketing and Business Development. “Clearly, many companies with fleets had to adapt quickly to drastically different truck utilization patterns, and illustrated the continued need for accurate, real-time data analytics fleet executives can quickly use in order to make proper decisions for their organizations.”
Click here to see the complete results of the survey. http://info.fleetadvantage.com/fleet-advantage-survey-shows-effect-of-covid-19-on-truck-fleets

About Fleet Advantage
Fleet Advantage has over $1 Billion of assets under its Life Cycle Cost Management (LCCM) program and serves America’s top corporate fleets. Fleet Advantage guarantees the absolute lowest cost of operation by providing truck and trailer financing with matching proprietary data driven IT processes and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2018, Fleet Advantage was ranked the 9th Top Private Independent from Monitor Daily; and in 2015 and 2013, the company was named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida – Emerging Category award.

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Fleet Advantage Survey: Fleets Outside of Health Care Industries Are Interested In Vaccine Transport

    Fleet Advantage Life Cycle Cost Management (LCCM) Analysis Shows Truck Lease Structures Offer Greater Financial Savings Compared with Ownership

    Latest Fleet Advantage Industry Benchmark Survey

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • IBM survey says digitalization trends will sweep trucking industry by 2030

  • Truck driver hiring pool tightens to lowest point in three years, ACT says

  • Gartner survey signals increased investment in resilience over the next two years

  • What Level of Automation is Right for Your Warehouse?

  • Conveyor company fought time and weather to open new factory

Now Playing on DCV-TV

0bd3daf0 915f 4221 8224 84b893966f96

Challenges in the Trucking and Ocean Markets = Revise Your Freight Budget or Revise Your Resume!

DCV-TV 4: Viewer Contributed
In the past month, several C-Level executives have called and asked: “What the heck is going on in the freight markets?” Hear my response in this week’s video. Check out last week's 2MW: https://blog.tranzact.com/2-minute-warning/heads-up-your-ceo-could-be-calling Freight Market Update:...

FEATURED WHITE PAPERS

  • Using innovation to manage peak seasonal demand

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing