Rental companies are demonstrating that connectivity and telematics can provide value to construction companies. More often, companies are integrating data into equipment. Here are three recent examples of how rental companies are adding value with telematics data.
United Rentals
As one example, Trackunit and United Rentals have partnered to provide telematics solutions for the fleet. In this case, Trackunit will use its OEM relationships and aftermarket expertise to install Trackunit Manager technology on light and heavy equipment in the United Rental fleet.
Some features include keyless access control for user authentication, preventing unauthorized use of equipment. Users can also access the telematics data on mobile devices.
Some benefits—for both the rental company and the construction company—of this type of technology on equipment is greater productivity, improved safety, and the ability to make more informed decisions about a fleet.
BlueLine Rentals
BlueLine Rentals recently began using a new telematics solutions from Linamar Corp.’s Skyjack division. The telematics solution is designed for off-highway fleets and is already being used in a number of construction rental yards.
The solution includes two apps, which will enable BlueLine personnel to digitally access fleet data from the field. This will help improve business processes for the rental company, as well as offer benefits to its customers.
Enterprise
As yet another example, Enterprise Truck Rental, a service of Enterprise Rent-A-Car, is helping business run fleets more efficiently with the launch of its own telematics solution. This particular service is powered by Geotab and provides vehicle monitoring and driver performance, which can ultimately help reduce costs and improve vehicle safety.
This is an optional feature on truck rentals, but if it is part of the agreement, it can help construction businesses experience the benefits of telematics without purchasing their own device.
This points to a new trend happening in the space today—partnerships to enable greater data exchange on leased or rented equipment. Technology is advancing, and it is changing how the rental business is run, offering opportunities to both rental companies and construction companies to better leverage data from equipment.
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