Manage and Monitor Fleet Data To Increase Its Value
Fleets have data coming at them from multiple sources, including electronic logging devices and the engine.
When managed properly, information can be used to improve operations and increase efficiency. Otherwise, the vast amount of data can be overwhelming to private fleets, leading to paralysis by analysis.
Fortunately, Penske Truck Leasing can help private fleets monitor and organize data to make it accessible and usable.
The Importance of ELD Data
Data obtained by electronic logging devices, which have been mandatory since 2017, can be used to help fleets become more efficient and improve safety. This includes examining the productivity of individual drivers and making decisions regarding their loads. ELDs could also change conversations with shippers by making it easier to identify which shippers are detaining drivers and strengthen discussions regarding loading and unloading or driver detention.
Reducing Risk With Engine Communications
Live diagnostic reporting systems have a number of benefits for carriers, including minimizing delays associated with breakdowns and reducing the risk of CSA violations. But unless the systems are managed properly, carriers may be overwhelmed with fault codes that leave them with more questions than answers.
Penske Truck Leasing has taken more than 1,000 fault codes and categorized them into red, yellow and green to help technicians, carriers and drivers understand which codes require immediate attention and which can be addressed when it is more convenient for the driver and fleet.
Penske also analyzes fault codes and adjusts preventive maintenance schedules if certain items are failing prematurely, minimizing the risk of an over-the-road failure and increasing uptime.
Easily Accessible Financial Information
Full-service leases through Penske Truck Leasing can help consolidate information, including billing and financial data, so it can be pulled up with the click of a mouse. Having the information in a central location makes it easier for chief financial officers to access the data when they need it.
Ensuring Regulatory Compliance
Penske Truck Leasing compiles information related to regulatory compliance of Class 8 trucks and carefully tracks information related to maintenance. Proper maintenance not only minimizes the risk of roadside inspection violations but also ensures that information on maintenance is readily available in the event of a Department of Transportation (DOT) audit. Penske can also assist with licensing, further reducing the regulatory burden on private fleets and improving record-keeping as it applies to critical data.