THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Telematics provider Spireon has published "Impound Storage Fees, a Billion-Dollar Problem," billed as the first report of its kind to address the costs to consumers, dealers, and lenders associated with vehicle impounds.
The average cost to own and operate a vehicle is $7,321 for 10,841 miles per year not including parking charges, and $10,049 with parking charges.
Monro Inc. has agreed to accept WEX Inc.'s fleet cards at their network of vehicle service centers, which is now the largest company-owned chain in the nation, WEX has announced.
Diesel-powered cargo vans are providing fleet buyers with a lower total cost of ownership than gasoline models, while many diesel-powered trucks aren't recouping the higher acquisition cost, according to a Vincentric analysis.
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.
Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.
Fleet budgets are undoubtedly going to take a hit with fuel spend, but there are some steps managers can take to mitigate the impact.
The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.
Higher fuel prices and tire costs increased operating costs for commercial fleets in 2017, according to Element Fleet Management, which released its annual Total Cost of Ownership Index.