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Verizon Connect released its fifth annual Fleet Technology Trends Report, which highlights how fleet management technology continues to serve as a dependable asset for boosting performance across small, medium, and enterprise fleets.
The report shows strong adoption of fleet technology, with over 80% of respondents consistently utilizing at least one form of technology. GPS fleet tracking is a standout, with 69% of fleets across industries reporting its use.
“As fleet management continues to evolve, it’s clear that technology is more than just an investment, it’s a critical driver of efficiency, safety, and sustainability,” said Peter Mitchell, General Manager, Verizon Connect.
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In recognition of International Fraud Awareness Week (Nov. 17-23), Truckstop introduced Risk Factors Advanced, the ideal carrier vetting solution that serves as the first line of defense for a growing enterprise business that requires more automation and sophistication.
Previously announced as Risk Factors Essentials, it combines Truckstop’s vast proprietary, licensed, and public data to equip brokers with information to help combat fraud and mitigate risk.
“We continue to support brokers with new innovations in their high-stakes environment—from pre-vetting and onboarding to continuous monitoring,” said Lisa Haubenstock, vice president of product, risk & compliance solutions, Truckstop.
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By Bill Bishop, SVP of Sales and Marketing, FLD Remarketing
Welcome to the third installment of the 2024 White Metal Market Report, our quarterly look at news, views and important topics affecting the used white metal vehicle market (we even chime in on the big trucks too).
Looking back on the third quarter is a lot like looking back on the rest of 2024 – and a good part of 2023 as well. For the most part, used vehicle markets have stabilized after experiencing a rocky four months.
Despite the fact that anything can happen in a world that has the capability to change in an instant, we don’t see those kinds of dramatic changes for the used white metal market as we head into the end of 2024.
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Class8, previously recognized as FleetOps, announced it has secured $22 million in Series A funding, led by Xplorer Capital with new investor Commerce Ventures and returning partners Inspired Capital and Resolute Ventures.
Class8’s platform blends OEM data and advanced AI to optimize fleet operations, enhancing each truck’s ability to adapt and stay profitable.
“We’ve transformed our platform into a single operations hub that eliminates planning headaches and busywork,” said Chris Atkinson, CEO of Class8. “Our enhanced system now includes automated backhaul finding and real-time route planning–all powered by direct OEM connections. The result is a full solution that maximizes carrier efficiency by reducing operational costs.”
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The Fleet Technology Index
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By Fleet Management Weekly Staff
Escalent, a top research, data analytics, and advisory firm, works with vehicle manufacturers and service providers to help them develop products and services that better serve fleet businesses and decision-makers.
They also release an annual Fleet Technology Index (FTI) report, a study of fleet decision-makers that gauges emerging technologies among commercial vehicle and fleet businesses.
We spoke with Dania Rich-Spencer, Vice President of Escalent’s Automotive and Mobility Team, to learn more about this year’s report.
“The report certainly indicates that the future is bright for these advanced and emerging technologies. Fleets are very resilient. They’re committed to sustainability and success in the future.”
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By Brad Parker, Co-Founder and CEO, DealNow.com
By embracing insights-driven digital solutions, vehicle fleets can access a wider pool of inventory, make data-informed decisions, and provide a more transparent and efficient experience for both buyers and sellers.
New tech platforms are reimagining exciting possibilities for fleets to tap into and connect directly with consumers looking to buy or sell their vehicles. This approach bypasses the go-betweens typically involved in wholesale auctions and provides several advantages.
By adopting new technology platforms that facilitate direct-from-consumer acquisitions, fleets can expand their inventory sources, improve efficiency, and enhance security in transactions.
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Cellular Connectivity and IoT
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By Sharath Muddaiah, Head of Portfolio Strategy for IoT Solutions, Giesecke+Devrient
The Internet of Things (IoT) has reshaped the automotive fleet industry, modernizing how fleet vehicles operate and interact with their environment.
Cellular connectivity serves as the backbone for IoT innovations in these connected vehicles, enabling a range of data-driven services that enhance functionality and safety. From a fleet industry perspective, IoT creates a network of interconnected devices that collect, share, and analyze data to improve fleet vehicle performance.
As technology changes, we can anticipate significant improvements in fleet vehicle safety, fuel efficiency, and user experiences. Improved connectivity will enable vehicles to communicate with each other and infrastructure, reducing traffic congestion and improving road safety.
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