New Prophecta AI Model Reduces Truck Fleet Emissions Up to 40% through Driver Interaction
By Fleet Management Weekly Staff
Since its founding in 2022, Silicon Valley-based Prophecta has been developing a new math algorithm that extends the value of telematics-based data used by truck fleets to reduce emissions.
Their technology analyzes driver behavior to find and correct inefficiencies, allowing fleet managers to lower fuel consumption by up to 40%.
Prophecta's AI model can enhance the planning of optimal routes and vehicle loading. Truck fleets find that the Prophecta solution contributes to retaining drivers and incentivizes eco-friendly driving.
"...our thinking about AI is not about replacing people. It's about empowering and helping people. Our technology allows drivers to be more easily engaged in emissions reduction and gives companies the data to incentivize greener, safer driver behavior," says CEO Vasily Nikolaev.
Fleet Manager Spotlight: 5 Questions with Ted Chan of Schindler Elevator
Fleet Manager Spotlight is a new Fleet Management Weekly bi-weekly series, compiled by Marketing Consultant Tod Trousdell of RobertsTrousdell Communications.
The series features insights from top fleet leaders on some of the industry’s most important topics.
In this, our first installment, we talk with fleet manager Ted Chan of Schindler Elevator.
"We were an early EV adopter, so we’ve learned a lot of important lessons along the way and there’s still a long way to go. Without a doubt the whole industry will see a lot of twists and turns before things settle down into a rhythm but we’re definitely on our way."
Ridecell is Ready to Usher Fleet into Digital Transformation Era
The digital revolution is changing the way fleet customers expect to interact with fleet providers.
Leading the way in how fleet providers are reimagining their businesses, Ridecell allows fleets to get more out of their connected vehicles and management systems.
By using the company’s flagship solution, Fleet Transformation Cloud, fleet leaders can create a blueprint of the entire process flow from vehicle purchase to remarketing, across all geographies and lines of business.
“The new model of digital transformation isn’t about rewriting systems you’ve already built,” says Mark Thomas, Executive Vice President of Alliances and Marketing for Ridecell. “It’s about boosting the power of those systems and taking information out of them and pulling it all together."
The Top 5 Fleet Trends for 2024
Continued economic growth is the first of five fleet trends that industry expert Arnie Braun is seeing for 2024.
EV Prices are Down 18% Over the Past Year as Drastic Price Cuts Take Effect
Electric vehicle prices are down 18% so far this month compared to April 2023. With most automakers launching aggressive discounts, many EVs are on fire sale right now. Some are even being offered for five-figure discounts.
After slashing prices throughout last year, Tesla’s best-selling Model 3 and Model Y are still dragging down overall EV prices. Seasonally adjusted prices are also down in all major market segments. Compact cars led the way (17.1%), followed by midsize (16%), pickups (15%), and SUVs (14%). Electric vehicles led the way, with many automakers offering double-digit percentage discounts to clear inventory for new models. For example, Ford cut Mach-E prices by up to $8,100 in March.
