A truck’s total cost of ownership (TCO) covers a specific range of expense variables, regardless of the make or model. The four lifecycle categories that influence TCO are fixed costs, operating expenses, incidental costs, and depreciation/resale value. A key factor that drives these lifecycle categories is a vehicle’s service life.
If you want to provide added value to your company, you need to view fleet as a business and not simply an aggregation of assets to be managed cost-effectively. The fastest way to improve your bottom line is to increase fleet utilization, which increases the productivity of each individual truck.
New York City-based Angel Aerial rents its diverse fleet of trucks and equipment to the film and TV industries — and has used its fleet to help the city in times of need, including after the 9/11 attacks.
Many view fleet management as being a desk job, but it is more than that. When trouble-shooting fleet problems, such as increased costs for a particular user group, it is important to identify the root cause, which often requires on-site visual inspection of fleet assets and how they are being utilized.
The fundamental requirements of your business necessitates minimum fleet equipment specifications that, as a result, pre-define the expense parameters from both a fixed and operating cost perspective. If you acquire vehicle assets that best fulfill your fleet application, then any supplemental cost reduction will only be based on incremental refinements The best way to achieve additional cost reduction is by modifying driver behavior.
By reviewing videos of its drivers while in the cab, this truck fleet has been able to correct high-risk driving occurrences such as hard braking and speeding — as well as eliminate culpability from false driving incident accusations.
Idaho Youth Ranch has improved fleet efficiency through initiatives such as mobile technicians and electronic routing, as well as by adding new Kenworth T270 leased trucks to its fleet.
This landscape company has decided to try leasing to maintain newer vehicles in its fleet. So far, the newer trucks have decreased maintenance downtime and improved employee morale.
In North Pole, Alaska, the weather dictates the working seasons. This service company has a workaround, equipping its trucks to take on work in any weather.
Forgotten Harvest's donated fleet trucks average 500,000 miles a year collecting perishable food that would otherwise go to waste.
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