Geotab Inc., a global leader in connected transportation solutions — has released the results of its 2023 survey of U.S. fleet professionals. The study, conducted with Bobit Research Group, explores how organizations in the transportation sector are progressing on their sustainability plans, amid increasing pressure to address climate change. More than half of those surveyed anticipate their customers will demand an increase in fleet sustainability initiatives in order to continue to do business with them over the next 1-3 years. Quality data has become critical to tracking and assessing progress on sustainability goals, enabling organizations to make smarter decisions, improve regulatory reporting, and address “greenwashing” risk, along with transformation to electrification.
Sustainability benefits the bottom line
When citing key hesitations to starting sustainability actions, the top three reasons included overall cost, lack of data, and differing priorities. However, 69% of fleet managers executing sustainability plans reported that fleet sustainability data helped reduce operating costs in the past year, highlighting how those that take action see bottom-line benefits within a short period.
The majority of fleets plan to invest more in sustainability
In a recent global survey of 3,000 CEOs, more than 80% expect investments in sustainability to deliver higher business results over the next five years. Geotab’s “Greening the Fleet” survey revealed the same confidence, with 66% of fleet managers responding they plan to invest more in sustainability initiatives over the next three years to meet customer and organization requirements, while only 3% plan to invest less. Without investing in sustainability, organizations risk being left behind.
Reliable data is critical for regulatory reporting
Globally, 51% of CEOs consider sustainability a top challenge, as they face increasing pressure from boards and investors to take action. As companies look to achieve their climate targets, having reliable sources of data for decision-making and reporting is critical. Currently, 73% of fleet professionals surveyed use a fleet management solution and telematics data insights to track and manage the sustainability of their fleet, but only 24% of fleet professionals are leveraging telematics data to support regulatory reporting. With increasing regulatory pressure for accelerating action in carbon reduction, there is a clear opportunity to leverage data insights for transparent reporting, while reducing the risk of “greenwashing” challenges.
The fleet EV transition is well underway
Fleet electrification is increasing at a rapid pace. S&P Global Platts Analytics has noted light-duty electric vehicle sales reached a record high of 6.3M units in 2021 up 102% year-over-year. Of the fleet professionals surveyed by Geotab, 54% have electric vehicles already in their fleet or on order. The survey also revealed that fleets that have started on their sustainability journey are already seeing environmental and social benefits, including reduced fuel use, CO2 emissions, and idling. As they continue to follow data-driven sustainable fleet practices and electrify, they may gain increasing ROI.
“Greening the Fleet” is a survey of 110 fleet professionals across the U.S. View the full survey findings: https://www.geotab.com/fleet-sustainability-survey
For more information on how Geotab helps power the sustainability journey, visit: https://www.geotab.com/sustainability-journey/
Guest Post: Convenience vs Congestion: How Data is Transforming Last Mile Delivery
Posted in Commentary with tags Geotab on February 9, 2024 by itnerdBy Nate Veeh, Senior Business Development Manager, Geotab
Last mile delivery has emerged as the pivotal battleground where convenience collides with congestion. The global market for last mile delivery is poised for unprecedented growth expected to reach US$137.4 billion by 2030, as consumers continue to transform the way we live, shop, and move.
The Concrete Jungle: The Frontline of Last Mile Delivery
The impact of last mile delivery is evident in densely populated areas, like Manhattan. In this concrete jungle, last mile delivery has witnessed a 55% increase in the number of stops on delivery routes, and a 46% rise in the number of vehicles making deliveries. It’s no wonder that over 2.4 million packages are delivered in Manhattan every single weekday.
New Yorkers have been increasing their daily household deliveries at an astonishing rate since 2009. Deliveries tripled to more than 1.1 million by 2017, and reached 1.5 million by 2019. The following four years saw the daily number grow by a staggering 60%.
Chicago, Phoenix, and Houston are also grappling with the last mile delivery boom.
Convenience, speed, and personalization are the driving forces behind consumer purchasing behavior. If business continues as usual, emissions from delivery traffic in the world’s 100 largest cities will surge by a daunting 32% by 2030. Traffic congestion is predicted to increase by more than 21%, adding to the already frustrating urban gridlock. It’s time for a solution, which comes in the form of curbside management.
Clearing Roadblocks with Curbside Management
Curbside management is poised to clear future roadblocks created by last mile delivery. Check out Geotab ITS in action here. Discover how data insights from freight and commercial vehicles can be used to improve infrastructure efficiency, sustainability, profitability and safety.
The Geotab ITS platform, Altitude, connects aggregate commercial vehicle insights to offer a contextualized view of an entire transportation network. It harnesses the power of data intelligence and trusted AI to play a crucial role in route optimization and near real-time monitoring of traffic insights, ensuring safe, reliable deliveries even in the midst of congested city streets.
Improving the Efficiency of Curbside Management
Curbside space is in high demand. Urban planners and cities are analyzing its use to build more efficient infrastructure, and reduce congestion– like creating overnight loading zones or paid or priority curb spaces. Geotab ITS’ Stop Analytics module fuels curbside programs with insights from commercial vehicle activity, to understand why, where, and how curbside space is used.
As businesses strive to meet the growing demands of consumers, innovative solutions based on data intelligence will pave the road to alleviate the environmental and logistical challenges ahead.
-Nate Veeh, Senior Business Development Manager, Geotab
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