Construction Fleets Poised to Expand

Teletrac Navman’s new Telematics Benchmark Report found more than half of global construction firms will be expanding their fleet size during the next year as a result of increased demand for services and the need to replace older machines. More than 80 percent of organizations already are using telematics or plan to do so in the next year, citing equipment tracking as the most common use, followed by tracking speed and hours driven. More than half of respondents using telematics have seen reduced fuel costs up to 40 percent, and almost one-third have had fewer accidents. 

Although respondents cited payroll as their largest business expense—followed by equipment/vehicle maintenance—54 percent plan to hire more drivers and operators and purchase new equipment this year.