ROI Numbers: Speed Monitoring
Speeding might get your drivers where they need to go a little bit quicker, but what are the real costs of this behavior for your organization? Take a look at these ROI numbers, and you might be surprised:
- Each mile per hour above 50 mph increases fuel consumption by 1.5% percent. A truck, which averages 8 mpg at 50 mph, will average 6.8 mpg at 60 mph. (Argonne National Laboratories)
- Increasing speed from 55 to 75 mph can increase fuel consumption by 39%, while cutting the effectiveness of fuel-efficient tires by 27%, (2009, Bridgestone Americas Tire Operations, LLC, Real Answers Magazine, Volume 13, Issue 3)
- By tracking and controlling driver speeding behavior, a company can reduce accidents by a significant percentage. An accident reduction of 5% for a 50-vehicle fleet amounts to nearly 3 fewer accidents each year. The total savings available is between $18,000 and $36,000 annually. (“Fleet ‘Soft Costs’ Can be Measured and Addressed,” in Automotive Fleet Magazine, June 2006.)
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