SmartDrive Systems, a provider of driving performance systems that reduce collisions and improve fuel efficiency, announced its business results for 2016. The company reported organic growth of 94 percent year-over-year and nearly 400 percent over three years.
The company says its Transportation Intelligence Suite, usability, ongoing platform expansion and customer satisfaction were the key growth drivers.
In a press release, the company notes that newer entrants — such as telematics systems upselling “add-on” cameras or dashcams— are trying to gain a foothold in the market with low cost, no-review services.
SmartDrive attributes its growth to fleets remaining focused on full-service programs that proactively identify risk, improve driver performance and save time versus using technology that requires more headcount to review videos. Management KPIs, prescriptive analytics and actionable fleet intelligence delivered through a managed service are the key decision criteria for carriers purchasing a video analytics platform, it says, because these capabilities help deliver the most protection, most immediate insight and fastest payback.
“As we look at the company growth rate over the last three years, it is clear that fleets are saying ‘good enough is not enough,’ first by investing in video safety and then by selecting SmartDrive’s proactive programmatic approach that brings a new level of transportation intelligence to fleet safety and operations,” stated Steve Mitgang, CEO of SmartDrive.
New customers of SmartDrive in 2016 included TMC Transportation, Interstate Distributor Co., Alabama Motor Express, BCP Transportation, Boyle Transportation Countywide of Miami, K-Limited Carrier, Heyl Truck Lines, McElroy Truck Lines, National Carriers, WEL Companies and WTI Transport.
The company also noted that its commercial transport customers made the following improvements in fleet safety during the first year of deployment:
- Texting – 73.1 percent reduction
- Distraction – 63.2 percent reduction
- Fatigue – 67.2 percent reduction
- Speeding – 70.1 percent reduction
- Seatbelt compliance – 71.5 percent improvement
- Commercial: Captured 19.4 near-collisions and 6.3 collisions (per million miles)
- Transit: Captured 35.9 near-collisions and 10.2 collisions (per million miles)
The SmartDrive system also helped fleets reduce collisions through proactive intervention and exonerate drivers when not at fault by capturing 19.4 near-collisions and 6.3 collisions (per million miles)