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Insurance is a costly and often rising component of truck fleet management. How to stop the rise and combat the potential of a ‘nuclear verdict’ from impacting your operation?
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Shared is advice on top fleet costs and what to do about them. Plus, do you know what the most overlooked fleet costs are?
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The humble city curb is now coveted real estate, and it’s making mobility increasingly difficult. Cities are turning to curb management concepts that allow fleets to dynamically guarantee parking for a fee.
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Most of the subject matter experts that we spoke to expect an increase in tire prices, although predicting future tire costs is difficult due to variables that influence tire pricing.
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Higher fuel prices and maintenance costs, along with upward pressure on maintenance labor rates are a few of the factors increasing fleet operating costs.
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Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.
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A lifecycle cost analysis that incorporates a work vehicle’s productivity can lead to greater fleet utilization and decreased fleet spend.
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Fleet managers often focus on controlling the biggest fixed operating costs for the acquisition of trucks and fuel. However, it’s the hidden costs that keep fleet managers from achieving their organization’s goals for efficiency and profitability. Renewable diesel is one option to help cut costs.
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The average marginal cost per mile for fleets rose 6% in 2017 to $1.69, thanks largely to increased fuel and driver costs.
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The North American Commercial Vehicle Show is partnering with the American Transportation Research Institute, the trucking industry’s not-for-profit research organization, to host an Operational Costs of Trucking session.
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