Truck fleet business analytics, financing and cost management provider Fleet Advantage has been awarded the Technology Leadership Award for Fleet TCO Optimization Solutions in North America from industry research and consulting firm, Frost & Sullivan.

The award recognizes Fleet Advantage’s Advanced Truck Lifecycle Administrative Analytics Software that allows private fleets and transportation companies to gain visibility into unseen costs and performance issues in Class 8 trucks.

“ATLAAS has changed Fleet Advantage’s business and is also changing the industry, as the software provides many benefits not only to clients, but also lending institutions, equipment manufacturers, and the general public,” said Fleet Advantage in a statement. “With the probability of Intelligent Transportation Systems and Dedicated Short Range Communications on the horizon, Fleet Advantage is just scratching the surface on the amount of data intelligence and analysis that will become available in future versions of ATLAAS.”

ATLAAS includes information on over 20,000 vehicles and has saved Fleet Advantage clients around $40 million in operating costs and has reduced harmful emissions by 125,000 metric tons, according to Fleet Advantage.

ATLAAS uses proprietary business intelligence to determine a truck’s economic tipping point and its proper lifecycle replacement timing.

“On behalf of the entire Fleet Advantage team who continually find ways to improve our ATLAAS offering we are honored to be recognized by such a respected research and analyst organization as Frost & Sullivan,” said John Flynn, CEO of Fleet Advantage. “We remain committed to leading the transportation industry with innovative and data driven solutions allowing our clients to maximize the use of their assets while operating at the lowest possible cost per mile.”

To read a full report that includes background and performance, award analysis, a decision support scorecard and research methodology, click here.