Fleets are evolving and transforming, and 2024 will see many changes in their management. Of course, new trends and opportunities come hand in hand with challenges. 

It’s crucial to learn about these trends early and prepare your fleet to stay ahead of the competition. Think of it like a race where knowing the track gives you an edge. Understanding fleet trends early is like having a head start in the race against competitors.

In the article, we’ll explore fleet trends and challenges of 2024 and see how to stay ahead of the game.

Fleet landscape in 2024: key trends and numbers

Let’s see what’s coming next year in the context of the problem statement for a vehicle management system.

  • Rise in mixed fleets. More companies are adding hybrid and electric vehicles, which is shaking up the management game. Why? Mixed fleets offer versatility and can be more cost-effective. On the other hand, managing different vehicle types becomes more challenging as well. 
  • Growing push for sustainability. Businesses must adopt green practices because governments are slapping fines for extra CO2 emissions. And the notion of extra is getting more strict: in 2023, both the US and the EU revised their CO2 emission standards and implemented more stringent regulations. 
  • Growing customer demands. As competition heats up, what’s your winning move? Better service and fresh offerings. If your rivals promise next-day delivery, offering a week-long wait won’t be enough. To stay in the game, you’ve got to shrink that delivery window.
  • Lack of qualified drivers. Stats show that there’s a high demand for drivers. For example, in the US, 2023 faced a shortage of 64,000 drivers. Experts predict that in 2024, they might hit a new record with a shortage of 82,000 drivers. To attract them, companies need to offer more than just big paychecks. You need top-notch work conditions, reliable vehicles, and a backup plan for any on-the-road troubles. 
  • Soaring fuel prices. For the past two years, gasoline and oil prices have been spiking. The trend’s pointing upward, hinting that prices might keep climbing in 2024.

These are just a few challenges that fleet owners will face in 2024. Now, let’s talk solutions. We’re going to explore how telematics can help with the big fleet management challenges. 

Solution one: Real-life monitoring for driver safety

Driver safety takes the front seat in fleet challenges for 2024. Fortunately, telematics provides valuable tools to monitor and improve driver safety. Here’s how telematics can empower efficient driver behavior monitoring:

  • Personalized coaching. AI-based solutions mark and highlight dangerous factors like speeding, heavy braking, and unnecessary acceleration. Fleet managers use this data to educate drivers on smoother driving.
  • Good driving practices promotion. If a driver consistently demonstrates safe and efficient driving habits, telematics recognizes and rewards their positive behavior. This encourages other drivers to adopt similar practices, improving overall fleet safety.
  • Real-time GPS tracking. Telematics, including GPS tracking, provides real-time monitoring of a vehicle’s location and movement. If a driver goes off the radar and ends up in a dangerous situation such as carjacking or another assault, a manager can intervene, report the case and come to the rescue.

Solution two: Optimized route planning for faster delivery

Delivery fleet management software is essential if businesses want to stay competitive. It ensures effective route planning and direct communication channels between dispatchers, drivers, and customers. 

  • Efficient delivery route planning. Telematics in logistics enables precise and updated delivery route planning. It uses side applications like Google Maps and AI technologies to predict traffic patterns and build optimal routes. In the end, this saves time and costs in transportation.
  • Real-time monitoring of delivery process. Telematics allows managers to keep tabs on the entire delivery process. From assigning status to an order to having direct communication channels with clients, drivers always stay connected and informed. This improves coordination and ensures a smooth delivery operation.
  • Better communication. Telematics makes communication between drivers and dispatchers simple. Features like a chat function allow drivers to notify dispatchers of any issues during delivery. This instant communication ensures quick response to challenges and improves overall coordination in logistics and delivery management.

Solution three: AI-driven predictive maintenance for cost savings

AI is changing how fleets take care of their vehicles and helps predict when maintenance is needed. As a consequence, fleet owners are always sure that their vehicles run well and don’t cost too much to keep in shape.

  • Predictive maintenance planning. AI examines large amounts of vehicle data to forecast when maintenance is required – a task that is challenging to assess manually. This helps fleet managers to proactively plan and execute maintenance in a highly data-driven manner.
  • Downtime reduction. As AI early detects potential issues, it allows for timely maintenance. Certainly, this minimizes unplanned vehicle downtime and ensures a more reliable fleet operation.
  • Cost savings on repairs. AI-driven predictive maintenance helps address issues before they become costly. Fleet managers act fast and save money on details and expensive work.

Use Wialon to meet the challenges of fleet management in 2024 

Good solutions are always testing and adding new features to stay current. If you use them, you get tools to fix problems that you and others might face – but you’ve got them, and they might not. 

Let’s see how Wialon plans to tackle the most pressing fleet management problems in 2024:

  • CO2 emission control. In 2023, Wialon introduced a user-friendly tool for carbon dioxide (CO2) emission control. Fleet managers can effortlessly calculate emission levels by adding a column to a report, presenting comprehensive data.
  • Broader use of AI. Wialon has embraced Artificial Intelligence (AI) as a major trend, integrating AI-powered tools to automate routines, make predictions, and provide recommendations. Further implementation of AI is in the pipeline to enhance our tools.
  • Route creation. Wialon uses smart algorithms to organize delivery addresses and craft the best routes for clients – ensuring they are the shortest, safest, and more efficient.
  • Live video streams. Managers can directly watch vehicle camera videos within Wialon, alongside a map featuring a moving pinpoint and reports with sensor values. This offers a complete 360-degree view of real-life fleet operations.
  • Precise analysis of driving behavior. Wialon offers a straightforward system to transform penalty points into scores and rate driving quality. This allows managers to assess drivers fairly and promote improved driving practices. 

As 2024 is approaching, you need strategies for fleet management that align with the latest trends and address the newest fleet management problems. Using a powerful telematics system can be a great asset on this journey into the upcoming year.