At Tenstreet's 2022 User Conference, CEO Tim Crawford announced the acquisition of two companies to help Tenstreet clients retain resources typically lost from excessive fuel consumption and driver detention time while helping to alleviate drivers' daily frustrations and reduce turnover.
The company acquired fuel optimization solution Vnomics and load-time management technology True Load Time.
Through the contributions of preferred freight brokers, carriers, and transportation management systems, Tenstreet's Driver Pulse app will be equipped to include TLT shipper surveys that will assist in building a database capable of portraying near real-time detention delays across a growing number of shippers nationwide. With greater transparency, carriers will be able to make more informed decisions to maximize equipment efficiency and driver revenue, improve safety, and enhance driver satisfaction, according to the company.
Meanwhile, Vnomics helps to improve driver behavior through real-time in-cab driver coaching to reduce fuel spend for any fleet-type, under any operating conditions. Vnomics' True Fuel is an additional application layer that sits on a carrier's existing telematics solution. By targeting behavior to evaluate driver performance, carriers gain insights into fuel and driver performance to grow more fuel-efficient. As performance improves, drivers will be incentivized through the Tenstreet Rewards platform, on which they can redeem points for items like electronics, home goods, movies, tools, and more, creating a "sticky" factor for a more dedicated fleet.
Since Tenstreet's acquisition of Stay Metrics in November of 2020, Tenstreet has been expanding its engagement and retention strategies to help for-hire and private fleets reduce turnover costs and retain drivers through engagement. Tenstreet uses driver surveys to systematically collect feedback from drivers so carriers have the opportunity to correct problems drivers face in the field, ultimately helping their clients to make better data-based decisions while improving driver satisfaction and retention rates, company officials said in a press release.