A system for monitoring location and speed of a vehicle, using a location determination system such as GPS, GLONASS or LORAN and an optional odometer or speedometer, for determining and recording the locations and times at which vehicle speed is less than a threshold speed for at least a threshold time (called a "vehicle arrest event"). Vehicle arrest event locations, times and time intervals are stored and/or printed to provide trip and mileage records and for efficiency monitoring. A vehicle odometer and/or speedometer can also be calibrated and/or corrected using this approach.