As the global economy continues to grapple with inflation, fleet companies are feeling the impact on their bottom line. Many fleet managers are asking how to reduce fleet costs in today’s environment. Inflation affects fleet companies in a variety of ways, from increasing fuel and maintenance costs to raising insurance premiums. It is crucial for fleet companies to implement effective cost management strategies to maintain profitability and remain competitive in today's market.
This year, fleet managers were quite interesting in learning more about a number of topics, electrification and last-mile delivery was hot, and work truck fleets continued to focus on overall efficiency.
Shared is advice on top fleet costs and what to do about them. Plus, do you know what the most overlooked fleet costs are?
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.
Procurement studies reveal that 20% or more of total corporate spend is for purchases that could have been acquired at a lower cost.
Objections to implementing GPS systems are based on myths concerning their value, ease of use, cost, and function. These assumptions have been countered by real-world experience.
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