Why construction leasing and renting companies need telematics

Given the hefty price tags of construction vehicles and other heavy machinery, leasing and renting are popular alternatives to outright ownership. These paths give companies greater freedom to choose whichever equipment, or assets, best suits the needs of a project without investing in an expansive fleet themselves. Therefore, the businesses that lease and rent these vehicles out provide a vital service.

In addition to external pressures from supply chain delays and material shortages, construction equipment leasing and renting companies are faced with challenges such as locating abandoned machinery, accurately tracking customer usage for invoicing and allocating resources effectively. With the help of telematics, businesses in this industry can access live asset monitoring, CAN BUS data, geofences, and more to discover ways to improve operations and lower costs.

Contact our sales team at [email protected] today to learn how TMT can assist with your specific needs. Asset tracking and vehicle tracking is also available.