Video telematics provider Lytx launched the Lytx Asset Tracking Service to augment its fleet management solutions. Available now in the U.S. and Canada, the Asset Tracking Service can be used by fleet managers looking for a streamlined approach to locating and managing their powered equipment. The company also announced several new maintenance enhancements for its Fleet Tracking Service, which are slated to release later this year.
The company noted that nearly $1 billion dollars of large machinery is lost or stolen in the United States every year, so today’s fleet managers need an efficient solution that can quickly help them secure and locate their most important powered assets.
The Asset Tracking Service is designed to provide this solution for fleet managers who need timely information about their powered equipment. The service consists of the Lytx Asset Tracker hardware and a monthly subscription per unit that grants customers access to the customizable software via a Lytx account.
Lytx Asset Tracking Service
Asset tracking is essential for customers with mixed fleets since the location of assets can change quickly. Without a means of locating and tracking equipment, companies can be exposed to theft and loss of equipment.
Lytx said that by installing an Asset Tracker device into a powered asset and using the tracking software, companies can quickly obtain important data such as the asset serial number, current estimated location, last connected time, and the last movement date. Customized real-time alerts provide additional visibility including how long the equipment has been dormant, current battery level, and when an asset enters or exits a defined area.
Paired with Lytx’s Fleet Tracking Service, asset tracking can provide fleet managers with the peace of mind of knowing where both their vehicles and essential powered equipment are at all times. This full-view visibility gives fleet managers and business owners the ability to track history and travel patterns to determine vehicle and equipment usage, as well as whether they need to buy more equipment or offload some.
Although Fleet Tracking Service is not required to purchase Asset Tracking Service, subscribers to both services have the additional benefit of being able to view their vehicles as well as their powered equipment in one integrated map.
Lytx Fleet Tracking Service
Asset Tracking is the latest offering to join Lytx’s fleet management solutions. Customers looking to streamline their fleet management solutions under one single platform can add Lytx’s Asset Tracking Service and Fleet Tracking Service. For fleet managers who need to regularly access fleet status, manage driver efficiency, and keep their vehicles running in top condition, Lytx Fleet Tracking Service provides a seamless solution.
Enhanced by video, Lytx’s GPS fleet tracking software allows companies to easily manage and monitor their vehicles and assets in the field so that they can respond faster, complete more jobs, decrease theft, and improve customer satisfaction. With an installed GPS-enabled device, fleet managers can gain visibility into arrival, idle, and departure times, leading to faster decision making and reduced fuel costs.
Lytx Fleet Tracking Service can be customized to suit all fleet needs, including setting defined areas called geofences, configuring interactive maps, and analyzing specific trends and performance. Video-enabled devices can enhance asset tracking by providing video evidence to help protect drivers and reduce claims costs in the event of a collision, as well as with supporting investigations of damage incidents or missing equipment.
New maintenance enhancements are currently in development and will be added to Lytx’s Fleet Tracking Service later this year. Those new capabilities include:
- DTC (diagnostic trouble codes) support for heavy-duty vehicles: With current support for light-duty vehicles and upcoming support for heavy-duty vehicles, Lytx DTC Insights can identify potential vehicle malfunctions and help managers resolve issues before they become more dangerous and costly.
- Preventative maintenance by calendar: Fleet managers will be able to proactively configure and schedule vehicle service intervals with due dates set by calendar day. This can help with performing time-based vehicle maintenance, which can result in fewer vehicle failures.
- Preventative maintenance by engine hours: Managers will also be able to track engine hours and have the option to schedule maintenance by engine hours, which can help measure the wear and tear on vehicles.
