Heavy Equipment Dealers Increase Profitability with GPS Tracking

Heavy equipment dealers’ profitability depends on efficiently renting out their assets and keeping them in good working order for the long term. Additionally, to protect and preserve their assets for as long as possible, dealers also must deter theft and reckless use by customers.

On top of that, if the dealer’s name/logo is emblazoned on vehicles for the public to see, it is critical for safety and for brand reputation to prevent any dangerous actions, such as speeding, that could damage the brand or even invite liability in the case of serious accidents. 

As a proactive move, a growing number of dealers are choosing to add a real-time, around-the-clock GPS tracker for heavy equipment rentals to ensure better fleet management. Continuous GPS tracking enables dealers to see instantly where all of their heavy equipment assets are at any given moment. Compared with typical GPS tracking devices that might update only every few minutes, advanced systems today can provide real-time location updates every 10 seconds, as well as location, speed and idle time alerts if something is amiss. Additionally, such systems have access to speed limits nationwide in their databases.

When considered from the perspective of contractors with heavy equipment such as cranes, bulldozers, moving trailers, dump trucks, etc., the GPS tracking technology could be a relevant and prudent application. GPS tracking would increase the level of accountability of the company’s workers by tracking their speed and providing real-time notifications of improper use, which would deter workers from improper use as well as provide project supervisors an opportunity to intervene prior to an accident occurring, thus potentially reducing a company’s liability at a job site while increasing safety. In the rare instance that heavy equipment was to be stolen from a job site, GPS tracking technology would also provide the company an opportunity to recover the equipment by providing law enforcement with a precise location of the equipment at any time.

See the link below for the article from which this Our Thoughts On article was developed.
Heavy Equipment Dealers Increase Profitability With GPS Tracking (constructionexec.com)

 

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2021 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
Heavy Equipment Dealers Increase Profitability with GPS Tracking
Amazon Sidewalk Opt Out Date Approaching
Contractors’ Expectations Continue to Rise
Technology BY Adam Costa
RPA Client Success Stories
Oracle Cloud: Raining Risk?
Construction Industry Opportunities for Extended Employee Retention Credit
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us
Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]
p:571.380.9003

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×