As we head into a new year, many equipment businesses are thinking about growth, efficiency, and profitability. New jobs, new customers, and new opportunities are exciting, but they also bring new challenges. The difference between reacting to problems and staying ahead of them often comes down to having the right data at the right time.
In the equipment rental industry, fleet utilization is the primary driver of rental profitability. Every machine sitting unused represents lost revenue, yet many rental businesses still operate without a real-time understanding of what equipment is available, where it is located, or when it will be ready for its next job.