Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.
The "Great Resignation" and Covid Amplify Existing Labor Shortages
The earlier COVID lockdowns precipitated a perfect storm that amplified pandemic-induced labor constraints and that exacerbated the pre-existing shortages of automotive service techs and CDL drivers for Class 3-8 trucks.
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