March 2022

Transportation and logistics are key factors when it comes to generating revenue from sales. More often than not, they transfer finished goods from the producer to the wholesaler, and then to retail fronts. While they are a highly effective means to an end, they can be subject to inadequacies due to human error and external factors.

Many companies, as a result, are turning to white label fleet management partnerships or availing third-party management technologies to help manage their fleets. This initiative is intended to improve efficiency, lowering costs, and offer a better customer experience. There are operational and financial challenges that may come up when migrating to a new fleet management system, but these can be worked around to boost ROI.

Here’s how to achieve a faster ROI on your fleet management technology:

Keep out from Technology Silos

The rise of technology has opened up a world of new opportunities for businesses, but it can also cause problems with internal communication and decision-making. While it is nice to have the latest in technology available, it is important to remember that there are advantages to decision-making in face-to-face meetings too. The transportation industry is one of the world’s biggest and most complex, with billions of dollars of investments and millions of hours of time invested every year. So, you would expect that the industry uses some of the latest and greatest technologies to manage such a massive operation, but what many people don’t realize is that these technologies are often silos.

True Technology Partner

Navigating the landscape of fleet management technology can indeed be a perplexing task due to the wide array of players, ranging from niche specialists to global giants. Selecting the right technology partner is paramount, as it can profoundly impact automotive operations. In this pursuit, it’s advisable to seek a local technology partner, such as OverIT US for field service management solutions, that can guide you in harnessing the full potential of cutting-edge technologies. Beyond just providing the necessary tools, they can offer invaluable support and insights to streamline and enhance your fleet management operations.

Power of Bundling

For the past few years, there has been a trend in the transportation and logistics industry to adopt a Value-Based Transportation Management (VBTM) approach. VBTM aims to optimize the usage of a company’s assets through different means such as Mapping the best routes for shipments, re-engineering the contracts, and forecasting customer demands. This approach has been proven to be highly effective and sustainable. However, as VBTM is a long-term solution, it requires a significant upfront investment. There was a time when the idea of a conglomerate was a bad thing, an organization with a large number of unrelated businesses. With the way that we work now, more and more companies are being run as conglomerates; it is becoming easier for us to pick up the phone and take a call from a business that has nothing to do with our own. This can make it easier for us to keep track of our investments and our spending habits.

Right In-Cab Tech

To be successful in the transportation industry, companies must have a clear “why” for investing in fleet technology. For instance, investing in pay by plate ma technology is a benefit for drivers as they don’t have to wait in long queues at toll booths and waste time. That’s just one example. Technology has changed the way fleets operate, and transportation leaders must take advantage of the opportunities that new technologies provide, such as real-time reporting, electronic invoicing, and integrating mobile apps. T&L Logistics is an online resource dedicated to helping carriers, shipping companies, and shippers of all sizes make the right decisions when it comes to scheduling and dispatching their fleets, as well as monitoring and optimizing their operational efficiency. We provide an exclusive in-cab display system called Display Manager (PM) that displays all of the company’s fleet and user information on a single integrated display.

A Step Further in Fleet Management

Companies invest significant resources into fleet management software, recognizing its potential to streamline operations and enhance overall efficiency. With the implementation of such software, businesses can harness automated solutions that not only effectively manage their fleets but also lead to optimized processes and reduced ownership costs. The strategic adoption of fleet management software empowers companies to maximize their operational hours, enhance safety measures, boost productivity, and gain precise control over their entire operation.

If you’re looking for a way to speed up the fleet management processes in your organization, a fleet management system that ties in with the mobility of your staff is an excellent way to do that. This gives you a complete view of your drivers and their usage to help you make the right decisions and keep your company in control of its fleet.

Retaining a good driver is not always easy, which is why we want to help you improve driver retention. In a way, driver retention is something that is difficult to measure, but it is still important as, without drivers, you will have no customer service and, therefore, no business.

In these days, it can be difficult to retain drivers. If you happen to be in a business, like freight, then it becomes paramount to establish and maintain a cordial relationship with them. For example, they can start giving you tips on where to find other drivers that will help you transport your goods. In this way, you can eliminate the time wasting that would have gone in trying to bargain and convince certain drivers who wouldn’t have been interested to help you in the first place. If you feel like you need additional help in bridging this gap, then you can try expanding your business network so that you accumulate enough contacts who can help you in getting in touch with more drivers. Alternatively, you can look for educational courses which can teach you the intricacies of the business. There are courses that revolve around truck dispatcher training which can help you in gaining a hands-on knowledge of the trucking industry as a whole. So, be sure to be prepared before you embark on your business journey.

What is Driver Retention?

When it comes to your warehouse logistics, driver retention is a key component to ensuring healthy customer service and a satisfied client base. It is important to understand that driver retention is not a complicated issue and can be handled effectively through a number of different measures. Typically, drivers are retained for two reasons:

1. Critically Important Skills. The driver has a very rare skill or experience that an organization cannot live without.
2. Proven Performance. The driver has been with the company for a long period of time and has a proven track record of exceptional performance.

Here’s how to increase driver retention in your logistic network:

Better equipment and maintenance investment

With the ever-increasing use of heavy equipment in all aspects of our daily lives, it’s no wonder that the cost, maintenance, and running of heavy equipment assets have increased alongside the same. At the same time, it has become paramount for all industries to increase driver retention in order to maintain the efficiency, productivity, and profitability of their assets. Today, there’s more investment in automation and technology than ever, but that doesn’t mean that the work hasn’t changed. After all, if your equipment and processes are performing at their best and you’re investing in technology to make it happen, then you’ll be keeping the best of what you’ve seen on the road and the shop floor for yourself.

Working conditions enhanced

If you can find the right candidate, the combination of a logistics firm and a driver is a valuable one. Trucking companies can be harsh environments to work in, which means truckers are more likely to jump ship when they feel they’re not being listened to or are not being properly paid. The good thing is that the best trucking companies hire their drivers based on their personality and experience, rather than just the number on their license plate. One of the best ways to improve employee retention is to make sure that the trucking company provides its driver with an attractive salary.

Constructing a more robust mentorship program

In the transportation industry, employers are increasingly concerned with improving employee retention rates. The most common method is to engage in a mentorship program (find out how to start mentoring program if you’re interested). A mentor is an experienced driver who acts as an example for other drivers, providing them with guidance and instruction. Mentoring serves as an important component in retention programs since it is the driver who makes the greatest impact on other drivers. Successful mentoring programs can be a powerful tool for business-wide improvements and lead to high driver retention levels.

Obtaining the trust of drivers

Driver retention is a must-have in any successful logistics network with the driving force behind the car. One of the most effective ways to retain drivers is to have a welcoming and friendly environment in your company. Drivers will be more willing to stay if they feel valued, they’re treated with respect, and they can trust their employer to provide them with a steady, reliable income.

Seeking feedback diligently

One of the most important elements to a successful business is the driver. Without them, many companies would struggle to keep their doors open. If you are in the transport or logistics industry, you know that the success of a business relies heavily on the drivers who deliver the goods.

The biggest challenge to keeping up with your drivers is not keeping them on the road. Rather, nothing beats than keeping them motivated. One way to do this is to increase driver retention by improving their pay, but the opposite is also true: paying drivers more will reduce retention.