It’s a basic principle of physics that if something weighs more, it needs more energy to move it. How this affects your fleet is mainly in its fuel economy (or lack thereof). Think about this:
Over the decades we have amassed a library of resources, both internal and external, which help our team and our partners do their jobs with skill and confidence. Peruse these pages for current trends and thought leadership, our newsletters, and tips that we have found helpful over the years. And if you have any questions for us, we’re always here for you.
In parts of the country, some of the first signs of spring and summer are construction jobs ramping up everywhere you look. The main goal for fleet managers in the construction industry is to track the use of each truck and piece of equipment, including monitoring costs associated with operating each piece, making sure to stay within the company’s fleet budget. They also look for ways to cut vehicle and equipment costs.
In the past 30 years that I’ve been attending NAFA I&E, I’ve seen an evolution in the industry. In the old days, it was very much about the vehicles themselves and the newest features or maintenance best practices. Today, the focus is on data and analytics, but also on people and work/life balance.
You’ve come to the realization that your business needs a fleet – now what? The next step is deciding if you should lease through a dealership or use a fleet management service. But how to decide? We’ve compiled a list of the benefits of using a fleet management company to help make that decision just a little easier.
With spring right around the corner, landscaping companies will soon be ramping up to meet blossoming demands. It’s go time! And whether you’re waiting for the snow to clear or you’re in a warmer location with year-round landscaping demands, you need to be on top of your equipment requirements heading into the upcoming, extra-busy season. Fleet expenses are a major part of most landscaping companies’ overall budgets and can fluctuate, depending on usage and maintenance. Your fleet is your lifeblood – reliable and well-maintained equipment gets your crews to the jobsites and makes them faster, more efficient, and more profitable.
Lifecycle management is about accounting for a vehicle’s total operating costs. More than just the initial price of the vehicle, lifecycle management includes the costs for fuel, insurance, licensing, routine maintenance and parts replacement—not to mention any costs associated with administration and downtime (the loss of productivity) during repairs.
Why bother with the math? Because it gives you a more accurate idea of when to replace a vehicle in your fleet—saving you money in the long run.
Granted, not all fleets will have the same priorities in managing all the cost variables. For example, one company might be comfortable absorbing the cost of downtime, whereas another company will see it as a direct loss in revenue.
Lifecycle management makes room for managing cost variables differently. There are three widely accepted strategies for vehicle replacement.
Accidents happen. When you manage a fleet, you know this to be inherently true. The question is why does the annual budget for dealing with accidents continue to rise?
Despite three years of relatively flat tire costs, it’s still not cheap to replce tires in your fleet. With a well-defined tire maintenance program in place, you can save a considerable amount of money by prolonging intervals between replacements. Of course, tire maintenance isn’t only about cost savings. Better-maintained tires mean better fuel mileage, improved driver safety, as well as lower chances of roadside emergencies and expensive downtime.
Since there are several factors that contribute to the life and performance of a tire, here’s some advice that could save you headaches in the long run!
Last month, Black Book released a residual value forecast that highlighted rising vehicle depreciation
Here are highlights from the forecast:
When you think about what telematics is capable of, it’s no wonder it is making headlines. Here’s a
technology that can not only elevate customer experience, but can improve the efficiency of operations. For the first time, fleet managers can monitor logistics, route times, vehicle speeds and driving behavior from afar. Telematics can also produce information invaluable for monitoring idle times and associated fuel costs, and for isolating questionable driving practices.
Most importantly for fleets, telematics can automatically retrieve that coveted odometer information, which is crucial for accurate cost per mile calculations and maintenance forecasting.