Lytx Inc. has launched the Lytx Asset Tracking Service to its fleet management software. The service is available in the U.S. and Canada and can be used by fleet managers looking for a streamlined approach to locating and managing their powered equipment. The company also released new maintenance enhancements for its Fleet Tracking Service, which are slated to release later in 2022.
With nearly $1 billion dollars of large machinery lost or stolen in the United States every year, fleet managers need an efficient solution that can help them secure and locate important powered assets.
The Lytx Asset Tracking Service is designed 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.
The Lytx Asset Tracking Service
Asset tracking can help fleet owners see the location of assets. Without a means of locating and tracking equipment, companies can be exposed to theft and loss of equipment.
Constractors can quickly obtain important data such as the asset serial number, current estimated location, last connected time, and the last movement date using the Lytx Asset Tracker. Real-time alerts provide additional visibility including how long the equipment has been dormant, current battery levels, 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 vehicles and essential powered equipment are at all times. This 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 or sell equipment.
Although Fleet Tracking Service is not required to purchase Asset Tracking Service, subscribers to both services can view their vehicles as well as their powered equipment in one map.
The Lytx Fleet Tracking Service
Contractors looking to streamline their fleet management solutions under one single platform can add both Lytx’s Asset Tracking Service and Fleet Tracking Service.
Lytx’s GPS fleet tracking software allows constractors to manage and monitor 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.
Maintenance enhancements are currently in development and will be added to Lytx’s Fleet Tracking Service later this year. The new capabilities include:
- DTC (diagnostic trouble code) 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.