America’s trucking industry is the backbone of the U.S. economy—without it, our economy would grind to a halt. Last year, freight transportation demand required more than 3.6 million heavy-duty Class 8 trucks and 3.5 million professional truck drivers to deliver 12 billion tons of freight.
It’s with this vital understanding that Uptake’s mission is to prevent these vehicles from unplanned and costly breakdowns. With an 8% improvement in uptime—the average improvement Uptake has unlocked for its customers—the industry could have met the same 12 billion tons of freight demand with 288,000 fewer Class 8 trucks.
For the past six years, Uptake has worked with fleets of all sizes (supporting over 1 billion total operating hours) to create an AI-enabled software application that delivers predictive insights about the health of a vehicle. What’s more, Uptake’s predictive insights not only notify users about potential issues, but also provide directional recommendations to improve asset performance.
Uptake customers have monetized these insights by saving on unscheduled downtime and avoidable unplanned expenses.
The savings impact results typically vary based on a customer’s operations (own vs. lease, in-house vs. third party maintenance, warranty contracts, etc.). Analytics for analytics’ sake is simply an academic exercise—the true value of analytics is unleashed when the insights are prescriptive and action is then taken.
Using data to generate proven, predictive, and valuable insights is always a challenge. Even more difficult is building and deploying impactful software which surfaces these valuable insights in real time, allowing operators and maintainers to collaborate and take action efficiently, before a failure occurs. Uptake’s product does just this - which is why we have been able to deliver the outcomes and millions in value outlined below:
The average annual operational outcomes customers have experienced, include:
- 8% improvement in Uptime
- 12% reduction in overall Maintenance Expense
- 9% increase in Technician Efficiency (by reducing diagnostic downtime)
- 20% Reduction of In-Service Breakdowns
- 85% mitigation of Catastrophic Failures Events
- 70% conversion of Unplanned to Planned maintenance events
These outcomes have unlocked up to $6,400 in annual savings per Class 7-8 vehicle.