For five consecutive years, at least four out of five respondents reported using at least one form of fleet technology, suggesting that once fleets adopt the technology, they don’t let it go, according to the Fleet Technology Trends Report from Verizon.

"GPS tracking continues to be a top technology choice among fleets, followed by video, field service/workforce management and asset tracking solutions. The majority of surveyed fleets — nearly three out of four — use GPS fleet tracking technology. Transportation and distribution fleets are the largest users of telematics, which is likely why they also find the technology the most valuable compared to other fleet types. As in previous years, GPS fleet tracking users gave high scores on the value of the technology. Nearly three out of four fleets (72%) currently using a GPS fleet tracking or telematics solution considered it extremely or very beneficial," the report states.

Other findings from the report include:

■ Technology helps reduce costs: From 2021 to 2025, average fuel savings doubled from 8% to 16%, and average accident cost savings doubled from 11% to 22%.

■ ROI happens quickly: For each of the last five years, about one-third of GPS fleet tracking users have seen positive ROI in less than six months, topping out at 33% this year.

■ 57%of respondents said GPS fleet tracking is extremely or very beneficial for an improved focus on driver safety.

■ 47% of fleets report video is extremely or very beneficial for reducing the number of accidents.

■ Fleets using GPS fleet tracking technology report a 22% average reduction in accident costs