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With the rise in fuel costs accompanied by the increase of prices of other goods and services, you are probably on constant alert for ways to save money. People used to say that sometimes it takes money to make money.

Well, it also takes money to save money. After your initial investment you’ll find that a GPS tracking device will pay for itself over and over again.

A study commissioned by Motorola found that employees working for businesses that use GPS technology were able to use their time much more efficiently–saving about 54 minutes a day. These minutes translate into a yearly financial windfall of $5,484 for each employee or $5.4 million.

This survey gathered information from companies in the transportation, trucking, warehousing and manufacturing field—an field in which company employees spend a lot of time on the road. Almost half of the companies surveyed were able to cut down on miles traveled to the tune of an average of  about 231 miles a week. So in addition to the minutes saved, the miles saved also represent $51, 582 in lowered fuel costs each year.

Using your company vehicles more efficiently means that they will not be put through so much wear and tear so quickly. This will also save money because you will have to replace vehicles less often.

Rocky Mountain Tracking can help you find the GPS tracking devices that can help you save time, fuel and money. Visit the Rocky Mountain Tracking website to get more information on fleet tracking.