LE MANOIR RICHELIEU, Quebec, Aug. 8, 2006 (PRIMEZONE) -- At the National Tank Truck Carrier's Summer Board Meeting, FleetRisk Advisors announced the production implementation of an advanced predictive modeling and risk analytics system for Dupre' Transport, LLC. The initiative began as a pilot project in 2005 using data aggregation and pattern recognition technology to identify risk signatures of drivers, vehicles and schedules. The pilot focused on which drivers were most likely to be involved in an accident or service failure. The production phase began in the first quarter of 2006, enabling Dupre' to devise new risk management and performance monitoring strategies with the aim of simultaneously reducing operational costs and mitigating risks.
Tom Voelkel, President and Chief Operating Officer of Dupre' Transport, stated "This is the next step in moving us closer to our vision of being the safest transportation and logistics company in North America. Predictive modeling helps us see the future today and gives us the opportunity to create the future that we want tomorrow."
The primary business objective of the production implementation was to combine historical data with the current month's operational data to predict next month's safety performance. In order to accomplish this, FleetRisk implemented a new processing platform at Dupre' which consists of the following:
-- "Near" real-time interfaces to primary operational systems:
-- QUALCOMM FleetAdvisor(r) fleet management system
-- Circadian Alertness Simulator
-- TMW dispatch system
-- Profile XT -- driver profiling
-- Dupre's internal accident & incident system
-- Dupre's internal human resources and training programs
-- Dupre's internal vehicle & fixed asset systems
-- Interfaces to external data such as population density, zip
code, weather, traffic
-- New predictive models incorporating the expanded datasets
The system has been in production since the end of the first quarter and produced the following results:
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At the end of each month the predictive models rank current drivers against a statistical and demographic profile of Dupre' Transport's theoretical best and safest driver. Each tier represents one third of the current driver population. Tier 1 drivers represent the "best and safest" while Tier 3 represents those needing the most attention. At the end of each month, actual accident results are compared to the model's predictions. Tier 1 drivers (210 in total) have been responsible for only 6% of all preventable accidents in the aggregate, while Tier 3 drivers (210 in total) have been responsible for 65% of the overall accidents. This predictive segmentation allows Dupre to focus its training and risk mitigation efforts on a small subset of their drivers, rather than the entire driver team.
"To our knowledge, this is the most sophisticated predictive modeling platform developed within the transportation industry," said Dean M. Croke, Senior Vice President of Risk and Consulting at FleetRisk Advisors. "We know of no other system that utilizes multiple predictive modeling disciplines with a large relational database which aggregates 'near' real-time telematics data, in-vehicle sensor information, human physiology, human psychology, client demographics, along with external data such as population density, traffic, weather, etc."
Based on the initial results of the production system, Dupre's management team has designed a suite of targeted risk management and performance monitoring strategies which include:
-- Focused driver training programs,
-- New Safety Field Representative training,
-- Terminal and management scorecards,
-- Driver scorecards and enhanced incentive programs,
-- Alerts from in-vehicle technology,
-- Dispatch training and incentive programs,
-- A modified recruiting and retention program.
David C. Wagner, President and Chief Operating Officer of FleetRisk Advisors noted, "The transportation and logistics industry continues to make significant investments in both in-vehicle technology and back-end processing systems. Predictive analytics creates additional value from the massive amounts of data and allows progressive and forward thinking companies to develop more advanced business intelligence applications."
About FleetRisk Advisors
FleetRisk Advisors puts the power of Knowledge-Driven Risk Management in the hands of fleet owners, giving them the ability to operate safer and more profitable fleets by integrating sophisticated data modeling analytics with a complete range of in-vehicle, fleet and driver monitoring technologies. The company is led by industry experts with over 100 years of experience in insurance-related technology, vehicle and driver safety programs, fleet telematics, event data recording ("black box technology") and general business operations. The company is headquartered in Alpharetta, Georgia. For additional information visit http://www.fleetriskadvisors.com.
About Dupre' Transport, LLC.
Dupre' Transport is an integrated transportation and logistics company whose purpose is to design and deliver safe and profitable logistics solutions and services that help our customers beat their competition. The Company was founded in 1980 to provide specialized transportation of bulk liquid commodities. Since that time Dupre' has grown steadily through an aggressive internal expansion program supplemented by key strategic acquisitions. The current markets served include Louisiana, Arkansas, Texas, Oklahoma, Mississippi, and Tennessee. The company's two business units, Tank and Logistics Services, are headquartered in Lafayette, LA. The Company operates over 300 vehicles and employs approximately 750 full time personnel which include over 600 licensed commercial drivers. For more information on Dupre' visit its web site: http://www.dupretransport.com.
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