When looking ahead to the next 12 months, it is clear that it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices, in all likelihood, will continue to trend upward and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
State of the Fleet Industry: State of Last-Mile Delivery Fleets
Today's video looks at strong demand for walk-in cargo vehicles, resulting in longer vehicle lead times; increased contracting for delivery service providers; sustainability as a competitive advantage in last-mile delivery; and how the pandemic accelerated growth in e-commerce.