Fleet Asset Management Solutions

Managed services can benefit fleets of all sizes, but they are especially valuable for larger fleets with complex logistics needs. Typically, fleets with 10 or more trailers find that managed services provide the expertise and support necessary to maximize ROI, reduce downtime, and improve overall efficiency. Solera has a number of fleet and asset management solutions, but for growing fleets, managed services offer scalability and the ability to handle increased complexity without sacrificing performance. Solera’s managed services are tailored to your specific needs, helping you stay ahead of the competition by continuously optimizing operations and adapting to changing demands.

Solera’s fleet asset management solutions have a proven track record of delivering significant cost savings for fleets. We leverage advanced analytics and real-time data to help you pinpoint inefficiencies and take immediate action to optimize your operations. Our clients have seen impressive results, such as $640,000 in annual savings for a trailer leasing customer and $30,000 a month for a paper transport company. Solera’s solutions are designed to identify opportunities for your operations to become more cost-effective, ensuring that every dollar invested brings a measurable return.

Solera’s fleet and asset management system can track a wide array of owned or leased assets, including trailers, containers, chassis, flatbeds, tankers, and reefers. Our solutions provide comprehensive tracking of the location, condition, and usage of every asset in your fleet. Full visibility allows you to monitor high-value assets, ensure compliance with industry regulations, and make data-driven decisions that enhance your fleet strategy.

Solera’s asset management platform is fully cloud-based, giving you real-time access to your fleet without the hassle of software installation. This means you can monitor and manage your trailers from any device, anywhere, ensuring seamless operations and immediate insights. The cloud-based system simplifies updates and maintenance, reducing the burden on your IT team. You also get powerful reporting tools, automatic alerts, and a user-friendly interface that simplifies fleet management and keeps you connected at all times.

Accurate real-time data is critical for managing sensitive shipments and protecting your cargo. Solera’s fleet asset management system provides a wide range of data streams tailored to your specific needs, including temperature, air pressure, and door activity. IntelliScan® technology offers precise cargo sensing that ensures load status and environmental conditions are continuously monitored. These data streams help you maintain cargo integrity and allow you to comply with industry regulations and customer requirements, giving you confidence that every shipment arrives in perfect condition.

Telematics allows fleets to receive data from multiple fleet-mounted devices as vehicles move or stop along the road or in the yard. Incorporating telematics into Solera’s fleet asset management platform helps improve efficiency, reduce costs, enhance safety, and ensure compliance by giving fleets access to real-time data and analytics. Improved vehicle tracking and asset visibility can aid in optimizing dispatch and routing and reducing idling time and fuel usage while elevating customer service. By noting speeding, fast acceleration, hard braking, poor cornering, and other risky driver behaviors, telematics can improve driver safety, reduce crashes, and save fuel. Telematics can monitor vehicle health and performance, as well as HOS and ELD data.

Lifecycle management of truck fleet assets requires that every stage of a truck’s life, from acquisition to disposal, is monitored and measured. To be effective, it requires strategic planning, proactive maintenance, and consistent, detailed monitoring. Lifecycle management begins with acquisition and a needs assessment, cost analysis, and vehicle recommendations that meet the requirements. Licensing, registration, and compliance verification come following acquisition. Vehicles are assigned based on operational needs while telematics help monitor the vehicle, driver, fuel usage, and other data streams. Maintenance scheduling and tracking are major components of lifecycle management. By tracking the TCO (Total Cost of Ownership), asset management determines when it’s time to replace the asset and how the retired asset should be disposed of.

Driver behavior can hugely influence fuel consumption, vehicle wear and tear, and accident rates, which means drivers have a tremendous impact on operational efficiency, safety, maintenance costs, and overall asset longevity, all adding to the challenges of fleet asset management. Aggressive driving habits such as harsh acceleration, hard braking, excessive speeding, and idling can be hard on the vehicle’s systems, increasing vehicle downtime and repair costs while raising fuel consumption. Risky driving habits not only risk lives but also vehicles in the form of more crashes, which means even more extensive repairs or even trailer or vehicle replacements. 

One of the most significant ways fleet asset management can help with environmental sustainability is by reducing fuel consumption. Approximately 28% of total greenhouse gas emissions come from transportation, to which commercial truck fleets, often powered by diesel fuel, make a substantial contribution. By monitoring and mitigating fuel-wasting driving habits such as speeding, fast acceleration, hard braking, and excessive idling, fleet asset management reduces the amount of CO2, methane, nitrous oxide, and particulate matter that goes into the environment. Monitoring vehicle performance and maintenance needs for immediate action also reduces fuel consumption.