Managing a fleet without data is like driving blind. Especially in a down market, you need real-time insights in order to improve efficiency, reduce costs, and enhance safety. But what are fleet management analytics and which ones matter?
What Are Fleet Management Analytics?
Fleet management analytics can encompass all sorts of metrics. From revenue per truck per day (RPTPD) to tire lifespan, the possibilities are endless. It can get messy attempting to measure each and every metric, so which ones are most important to the bottom line? Tracking the right Key Performance Indicators (KPIs) helps fleet managers optimize operations, reduce risk, and increase profitability. Here’s how to measure fleet performance effectively in order to make smarter business decisions—and how Tivitri’s custom reporting dashboards can turn siloed data into one comprehensive dashboard.
1. Fleet Utilization Rate
Are you getting the most out of your assets? The fleet utilization rate tells you how often your vehicles are on the road versus sitting idle.
Formula: (Total Time in Use ÷ Total Available Time) × 100
Why It Matters:
- Underutilized vehicles increase costs without delivering value.
- Overutilization leads to premature wear and higher maintenance costs.
Tivitri’s Solution: Our custom dashboards integrate with your telematics to track fleet utilization in real time, helping you right-size your fleet.
2. Fuel Efficiency and Fuel Cost per Mile
Fuel is one of the biggest expenses for any fleet. Tracking fuel usage helps identify waste, inefficiencies, and potential fraud.
Formula: Total Fuel Cost ÷ Total Miles Driven
Why It Matters:
- Unchecked idling, inefficient routes, and aggressive driving waste fuel.
- Comparing cost per mile across vehicles identifies outliers.
Tivitri’s Solution: Our real-time fuel reporting and fuel station recommendations combine telematics and GPS data to pinpoint inefficiencies and reduce fuel waste.
3. Maintenance Costs and Preventative Maintenance Compliance
Unexpected breakdowns disrupt operations and cost more than routine maintenance. Tracking preventative maintenance (PM) compliance ensures vehicles stay road-ready.
Formula: (Completed PM Services ÷ Scheduled PM Services) × 100
Why It Matters:
- Proactive maintenance prevents costly repairs.
- Vehicles out of service impact delivery schedules and revenue.
Tivitri’s Solution: Get automated alerts and maintenance tracking to ensure every vehicle stays in top shape.
4. Safety and Driver Behavior Score
Unsafe driving puts your fleet at risk for accidents, fines, and increased insurance premiums. Driver behavior analytics help enforce safety policies.
KPIs to Track:
- Harsh braking and acceleration events
- Speeding incidents
- Hours of service violations
Why It Matters:
- Safer drivers reduce liability and improve CSA scores.
- Lower accident rates mean lower insurance costs.
Tivitri’s Solution: Our AI-powered dash cameras provide real-time safety scores, coaching alerts, and event-based video recording.
5. Delivery and Route Efficiency
Is your fleet delivering on time? Are drivers taking the most efficient routes? Route analytics help optimize travel time and minimize delays.
KPIs to Track:
- On-time delivery rate
- Average route deviation
- Detention time at delivery sites
Why It Matters:
- Optimized routes cut fuel costs and reduce driver fatigue.
- Faster deliveries improve customer satisfaction.
- Accurate detention tracking eliminates missed revenue by charging the correct price for detention.
Tivitri’s Solution: Our GPS and telematics integration provide real-time route analytics to identify delays and inefficiencies.
Take Control of Your Fleet Management Analytics with Tivitri
Tracking KPIs is just the first step. The real value comes from turning fleet management analytics into actionable insights.
Tivitri’s custom reporting dashboards pull real-time data from your telematics, GPS, and cameras.
Get automated alerts, trend analysis, and predictive insights to improve fleet performance.
Stop sifting through spreadsheets—see everything in one centralized dashboard.
Want to see how our custom fleet analytics can improve your operations? Let’s talk.