Nearly half of equipment managers struggle with scheduling equipment maintenance which, in turn, leaves them at a disadvantage in managing project costs, according to a recent report from Teletrac Navman and Vontier.
In the report, “Mobilizing the Future of Fleets Report: 2025 Equipment Management Edition,” 45 percent of respondents noted difficulties with maintenance cost management.
“Whether it’s the high cost of repairs, difficulties in maintaining regular service schedules, or simply the challenge of locating equipment on-site, the impact on total cost of ownership is clear, so much so that the findings indicate that these issues are directly affecting their ability to control costs,” said Alain Samaha, Chief Executive Officer of Teletrac Navman.
Without accurate usage data, the right timing for maintenance becomes a guessing game and firms risk more operational problems than planned, the report said. Assets removed from the field too early can cause project delays; those removed too late risk breakdowns that further disrupt timelines.
In the report, 35 percent of respondents said at any one time, more than 25 percent of their on-road assets are unavailable due to their location being unknown — a frustration which can slow down projects, interfere with maintenance scheduling, and directly impact financial performance.
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Yet despite these pressures, the outlook is one of action, the report concluded, with 86 percent of operators actively prioritizing improvements in maintenance, utilization, and expense control, and the majority already embracing technology to support these goals.
In fact, 99 percent of respondents already deployed at least one technology to support their equipment management, with 71 percent investing in three or more. That includes data analytics/business information (BI) tools and GPS tracking to improve control over maintenance expenses and scheduling.
For instance, “Our TN360 ACM platform and asset location devices can help to improve profitability by giving operators greater control of equipment maintenance [and] resource availability and ensure that assets are only removed from the field when necessary,” Samaha said.
