Overall operating costs for commercial fleets increased 3 percent, on average, in calendar-year 2007. The increased expense was directly attributable to the cost of fuel. The price of a gallon of regular unleaded gasoline increased almost 7 percent over the record-high prices in 2006.
Otis Elevator Reduces Operational Costs Through Quality Initiative
The Farmington, Connecticut-based company dramatically lowered out-of-stock purchases, increased resale value through extended replacement cycles, and re-evaluated its selector list to better meet its needs.