Operators improve productivity without adding more vehicles.
Singapore logistics companies are using artificial intelligence (AI)-powered fleet management systems that track vehicles, optimise routes, and monitor performance to get more work out of existing fleets instead of buying more vehicles, as high ownership costs squeeze returns.
“Vehicles are very expensive in Singapore… it places a huge amount of importance on making sure that your assets are being utilised efficiently and to their maximum capacity,” Roger Calisto, CEO at Cartrack Technologies Asia Pte. Ltd., told Singapore Business Review via Zoom.
Analysts said AI and real-time fleet data are helping companies reduce idle time, improve route planning, and keep vehicles carrying cargo instead of travelling empty.
“Connected vehicle technology doesn’t really help logistics firms to grow, but basically helps them to do business better,” said Mark Goh, director for industry research at the Logistics Institute-Asia Pacific at the National University of Singapore Business School. “The last thing you want is the vehicle to be on the move looking for cargo.”
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