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At Holman Drive, Ed Powell outlines why fleets should brace for another turbulent year, with rising repair costs, strengthening used values, and a shifting tech landscape that will affect budgets and planning through 2026 and beyond.
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Reflections on a month I spent connecting dots across policy, procurement, technology, and the relationships that are moving fleet forward.
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Lower your fleet's fuel spend with these 10 ways to cut costs.
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Fleet operators are facing rising costs in acquisition, insurance, maintenance, and repairs — even as fuel prices dip — forcing a rethink of budgeting and vehicle strategies.
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A good synopsis of today’s commercial fleet market is exemplified by a fleet manager who said: “Everything costs more and it takes longer to get.” Sourcing constraints persist due to restrictive OEM fleet allocation ordering.
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Fleet costs are up across the board due to inflationary pressures. Acquisition costs have increased with minimal offset from fleet incentives. Interest rates are higher, impacting the lease vs. buy decision and companies requiring outside funding to replace vehicles.
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A cost-deferral strategy simply defers or moves expenditures to future fiscal years. Cost-saving measures seek to lower current spending levels. Cost-avoidance initiatives are actions that eliminate incurring a cost in the future.
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In addition to product availability issues, spare parts shortages, and elevated fuel expenses, construction companies are also contending with supply constraints with building materials and staff shortages due to COVID.
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Which five trends are affecting the increase in fleet expenses? Tune in to this episode of State of the Fleet Industry!
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Electric vehicles may cost more upfront but then surpass their fossil-fueled counterparts in operational savings, according to findings from a predictive data analytics firm.
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