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Following a net loss of $103.8 million in fiscal year 2023, Lion Electric Company is reporting it plans to cut workforce and reduce costs in several additional areas.
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Minimizing costs and maximizing uptime is every fleet manager's goal. An effective way to achieve this is preventive maintenance and proactive driver training.
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Utilizing tools beyond the ones on the truck shop wall can help you keep truck maintenance costs in check and reduce costly downtime.
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It may not be possible to identify every hidden cost or reduce every soft cost, but being aware of the sources of these costs can help fleets make measurable progress.
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