Growing your fleet? Discover how technology can cut costs and enhance operations

Growth challenges · Jun 16, 2025

As your fleet grows, so do your operational costs, making it increasingly challenging to maintain profitability without compromising the quality of your operations. However, by leveraging

fleet management technology

, you can identify cost-saving opportunities throughout your fleet, ensuring that you not only reduce expenses but also enhance overall operational efficiency and excellence.

Asset and vehicle tracking: Improving efficiency and security

Asset and vehicle tracking systems offer real-time visibility into your fleet's location and health, crucial for preventing theft and improving security as your business expands. These systems enhance delivery accuracy, ensuring timely and correct deliveries while minimizing costly mistakes. They also aid in risk management by identifying potential security threats.

Theft and loss can have a devastating impact on small businesses. In 2022, the total cost of stolen cargo in the US and Canada was estimated to be

US$223 million

(approximately CA$303 million). This not only affects the immediate financial burden for small businesses but also causes business interruptions and poses reputational risks to both the owner of the goods and the transportation company responsible for their safe delivery. While stolen vehicles often reappear, the primary target and concern is the cargo, which holds greater value. This can result in significant insurance claims and operational disruptions.

The continuous monitoring provided by asset tracking optimizes supply chain efficiency, streamlining logistics and operations. This leads to increased transparency, reduced inefficiencies, and significant cost savings, particularly beneficial as your fleet grows – while decreasing the risk of theft and thousands of dollars in replacement costs.

Reducing risk with telematics and saving on insurance

Fleet insurance is a critical expense for small businesses in Canada's transportation sector. With over

100,000 Canadians

injured annually in road collisions, costing the economy

$36.6 billion

, rising insurance costs have become a major challenge for growing fleets.

Telematics and asset tracking help businesses manage these costs by providing insurers with valuable safety and risk data. Programs like

FleetConnect

, developed by

Marsh with Geotab

and Intact Insurance, offer discounts to fleets demonstrating strong safety records through telematics data.

"We all agree that enabling data and using data to drive better outcomes for our clients is a good thing. Through this particular program, we look at the collision probability rating-provided by FleetConnect and work with insurers to secure a 10% discount to fleets rated in the top 20th percentile."

Dan Carroll
National Mid-Market Growth Leader
Marsh Canada

By monitoring your fleet's risk levels with fleet management technology, you can make your business more attractive to insurers. Historical data can help you demonstrate positive risk outcomes, which may lead to reduced premiums from some insurers.

“Commercial vehicle insurance remains a challenging line of business across many insurers, resulting in an increase in insurance premiums. There are some key contributing factors to the increases in insurance premiums. One being the reduction in capacity within the marketplace, due to unprofitability or limited appetite, coupled with strict underwriting guidelines. So some insurers are willing to walk away from potential clients if they feel there isn’t sound risk management in place.”

Manish Bissa
Senior Vice President, National Transportation & Logistics
Marsh Canada

Maximizing savings using your existing telematics system by adding video

Video telematics is a powerful tool for businesses managing vehicle fleets, offering multiple benefits that enhance safety, efficiency, and cost-effectiveness. We have highlighted

five key advantages

: improved driver coaching, reduced insurance costs, access to real-time and historical data, decreased emissions, and minimized vehicle downtime. By providing clear video evidence, this technology not only helps protect drivers from false claims, but also enables businesses to make data-driven decisions.

The impact of video telematics extends beyond immediate operational improvements. It creates a ripple effect of benefits, from fostering a culture of safety through better driver behavior to contributing to environmental sustainability by reducing idle times. For businesses looking to stay competitive in the evolving transportation landscape, video telematics emerges as an indispensable tool, simultaneously protecting assets, prioritizing safety, optimizing cost savings and driving operational excellence.

Focus on what you do best with TELUS Business

By taking a proactive approach and using the right technologies and partnerships, your business can turn the challenges posed by uncertainty into opportunities for innovation and growth. Many of these solutions, particularly those involving technology upgrades and bundles, can be more easily implemented with the support of a trusted partner.

With

TELUS Business

, you’ll always feel ready to go no matter how big you grow. From mobility, internet and office phone solutions to the security of your team, data and assets, we provide comprehensive support with dedicated specialists, a robust network and the expertise to help your business scale.

TELUS understands the unique pressures facing Canadian businesses, and is committed to providing the support and solutions needed to thrive. We can help you get access to the next-gen tech and expert advice to help you focus on what you do best. Plus save on the latest tech and easily switch providers with a dedicated Customer Success Manager. Learn more at

telus.com/Grow

*Image for illustrative purposes only

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