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Fuel Costs

Cut Hidden Costs: Four Ways to Improve Your Fleet’s Bottom Line

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.

Personal Use Decreases Vehicle Resale Values

While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.

Exploring Propane as a Fleet Fuel Source

Propane may be a viable option for certain fleets looking for an alternative fuel source. While converting a vehicle to a propane system comes with a high initial cost, the system may come with reduced lifecycle costs over the course of that vehicle's life.

What's Impacting Truck Replacement?

Big Data, tax law changes, new vehicle options, fuel prices, and more, are impacting fleets decisions about when to replace their trucks.