After 51% Decline, Small Fleet Activity Rises Slightly
May 6, 2020
LONG BEACH, Calif., May 6, 2020 /PRNewswire/ -- Momentum IoT, the leader in telematics for small business fleets, today revealed new data insights spotlighting the effects of COVID-19 on small business fleets in California, Florida, Georgia, New York, and Nationwide.
The data, which aggregated and anonymized more than 250,000 trips from thousands of medium- and light-duty work trucks, vehicles, and vans among Momentum IoT's customers, reveals the dramatic effects of COVID-19, first in reducing overall mileage by more than 51%, then establishing a floor for several weeks, and now showing the first tentative steps toward potential recovery, led by the New York region.
The data set was compiled over a period of several weeks, beginning Feb. 5, 2020. In the New York region, the miles index fell dramatically through March, reached a floor during the week of April 1, and slowly crept up after that week. In addition to the uptick in New York, the data also reveals that small business fleet miles in California and Georgia have remained low, despite differing statewide policies on re-opening for business.
"Our customers include a broad mix of small business fleets," said Momentum IoT CEO Justin Silva. "These include many field service industries, such as plumbers, sanitation, and landscaping. This data helps provide a clearer picture of what's going on, and we're pleased to be able to share it," he added.
Momentum IoT's telematics use GPS tracking to monitor fleets and equipment in real-time and display the data on a web-based map. The technology provides visibility into fleet location, fuel consumption, speed, maintenance issues, and other vehicle operations.
About Momentum IoT
Momentum IoT helps small and mid-sized fleet managers locate and manage their trucks, trailers, heavy and light equipment with innovative telematics tracking solutions at affordable prices, with no contract. Momentum IoT was built from gravel up by people who worked in field services. Based in Long Beach, CA, Momentum IoT received a 2019 CompassIntel IoT Award in the Fleet Management Tracking category. To learn more about Momentum IoT, visit www.momentumiot.com.
Media Contact:
Mike Kim
323-831-3475
[email protected]
SOURCE Momentum IoT, LLC.
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