According to the Department of Energy, you can assume that each 5 MPH you drive over 60 MPH is the equivalent of an additional $0.21 per gallon of gas (source).
When you manage a small or medium-sized business, you’re responsible for making critical decisions, such as how to address speeding, that could have a significant impact on your business’s bottom line every day.
Fleet-based businesses are faced with the additional challenge of managing employees who operate vehicles and work in the field. Without the ability to observe workflows and employee behaviors first-hand, managers of fleet-based businesses often have to make decisions based on limited information or anecdotal evidence provided by their drivers and customers. This disconnect can lead to a number of common fleet management mistakes, and can ultimately cost your business big money. Here’s the good news: many of the most common fleet management mistakes are easy to correct using GPS tracking devices.