Measuring Fleet Performance: Turning Data into Safer Drivers and Lower Costs
For many organizations, fleet operations are a necessary part of doing business. Vehicles need to be on the road, and incidents are often treated as an unavoidable outcome. However, the financial impact tells a different story.
A single lost-time claim can cost approximately $40,000 in direct expenses. When indirect costs are included, such as lost productivity, rehiring, and downtime, that number can approach $100,000 per incident. Even relatively minor accidents can become expensive. In one case, a low-speed parking lot incident resulted in a $130,000 settlement due to limited documentation and a lack of supporting data.
These outcomes highlight an important reality. Fleet performance is not just an operational concern. It is a controllable driver of financial results. Continue reading
