Operating Costs - Tagged Posts

Top 15 Fleet Trends Impacting Commercial Fleets

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.

Fleet Budgets Strain to Cope with Increasing Fleet Costs

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.

Analysis of Three Cost Containment Strategies

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.

Top Issues Impacting U.S. Construction Fleets

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.

Five Factors Driving Higher Fleet Maintenance Costs

Which five trends are affecting the increase in fleet expenses? Tune in to this episode of State of the Fleet Industry as Mike Antich examines several factors.

EVs Can Save 30% in Costs at Three Years, Study Says

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.

10 Ways to Reduce Fuel Spend

Since fuel is a fleet’s largest operating expense, it catches the attention of senior management when fuel prices start to rise as they are today. Here are 10 fuel reduction strategies that you a implement to make a dent in your fuel spend.

Forecast of Fleet Maintenance Trends in 2021

The forecast of the cost of maintenance and unscheduled repair is anticipated to go up in CY-2021.

Forecast of PM Costs in 2021

The trend of increased PM costs per service will continue as more and more vehicles requiring conventional oil are taken out of service and replaced with models that require synthetics.

Warranty Recovery Dollars Decrease After OEM Shutdown

More stringent enforcement of OEM-recommended services to qualify for warranty coverage continues. Cash flow issues caused by the pandemic have caused some OEMs to be more tight-fisted with warranty recovery dollars.

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