Drivers using traffic data to find the fastest routes to work may have an easier commute, but for companies with fleet vehicles, seeing traffic in real time could mean significant cost savings.
Despite their use of electric vehicles and natural gas, and cutting down on idling while deliveries are made, companies such as FedEx (FDX) and UPS (UPS) save on gas when their drivers take the roads with less traffic.
Traffic information firm Inrix says that Roadnet Technologies, a logistics company spun off from UPS, improved its vehicle routing efficiency by 2.5 percent on average using Inrix technology. If a company has 100 trucks that travel about 200 miles each, a 2.5 percent reduction in fleet travel could save $130,000 a year.
In all, about 100 million vehicles send Inrix traffic data and that makes up only a fraction of the 10 billion data points a day that the company receives and analyzes, Inrix CEO Bryan Mistele told "BigRead More »from Traffic Jam-Evading Apps Save Firms Money