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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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Do you know how to keep an eye on creeping expenses? Here are eight tips to help reduce a variety of fleet-related costs.
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Total cost of ownership for vocational truck fleets is trending upward, primarily due to higher fuel prices, increased maintenance costs due to higher labor rates and parts prices, and commodity-driven increases in tire prices.
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One of the easiest ways a fleet manager can reduce truck acquisition costs is not over-spec’ing for fleet needs. But, there are a few out-of-the-box ways of thinking to further reduce costs.
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Fleet cost-reduction programs typically focus on the asset; however, there’s a limit to how much a fleet manager can modify truck specs without impacting the fleet mission. True cost savings are to be found in areas beyond the asset.
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The company currently operates 77 ROUSH CleanTech Ford E-250 propane autogas vans and will increase that number over the next year. Low cost and accessibility of fuel; vehicle return on investment; and accessibility to high occupancy vehicle lanes are just a few of the reasons why.
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See real world examples of the benefits these fleet managers uncovered and discover how you can apply them to your business.
Read More →Fleet Manager in a Box is an all-in-one fleet management system that its maker estimates could save a fleet of 25 at least $42,000 over five years because of the program’s wireless capabilities versus the traditional GPS/AVL technologies.
Read More →Company says program validates cost savings for microGreen oil filter, which decreases motor oil use in fleets by 70 percent.
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By taking a long and hard look at tires, driver behavior, specs, maintenance, management, and safety, truck fleet managers can find plenty of ideas for reducing fleet costs.
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