onboard technology

The trucking industry has continued to navigate both opportunities and challenges amid shifting freight volumes, challenging economic conditions, an uncertain operating environment and ongoing financial pressures. Full-service leasing continues to offer solutions to many of the industry’s top challenges identified by the American Transportation Research Institute (ATRI) in its Critical Issues in the Trucking Industry 2025 report, which is based on survey responses from more than 4,200 industry stakeholders across North America.

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Fleets are embracing advanced safety technologies, investing in late-model equipment and focusing on maintenance as key strategies to improve safety, reduce risk and limit liability.

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Safety is a critical concern for fleets and professional drivers, and onboard safety technology is a powerful tool to enhance drivers’ ability to control a motor vehicle, improve reaction times, reduce liability and even help control insurance costs.

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Today, most trucks come equipped with onboard technology. You can activate it or add additional devices to enhance functionality. Our team’s deep experience and industry-leading perspective can help you choose the right transportation technology or get more value from what you already use.

Late-model equipment can provide several benefits to fleets, including reducing operating costs and overall expenses.

Technology available on new equipment, such as collision avoidance systems, lane departure warnings and adaptive cruise control, results in a safer vehicle. "Since they're incorporated into the vehicle, a lot of times you can get a reduced insurance premium," said Chuck Pagesy, director of safety for Penske Truck Leasing. According to a study conducted by the U.S. Department of Transportation (USDOT), the National Center for Statistics and Analysis (NCSA) and the National Highway Traffic Safety Administration (NHTSA), the average costs associated with a commercial truck accident is roughly $59,150. "If you have these technologies, it should reduce your accident frequency and severity also."

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With technology evolving at a rapid pace in the transportation industry, a growing number of fleet operators are looking for telematics and onboard technology solutions that help increase visibility into their daily operations, with hopes of identifying and correcting any fleet inefficiencies.

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With technology evolving at a rapid pace in the transportation industry, a growing number of fleet operators are looking for telematics and onboard technology solutions that help increase visibility into their daily operations, with hopes of identifying and correcting any fleet inefficiencies.

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