The economic upswing that has benefitted most businesses is now looking more like a roller-coaster ride, most evident with the stock market experiencing incredible highs and lows, sometimes in a single day. This volatility can create uncertainty for businesses when it comes to planning for the future. Will sales increase, […]
Fleet Management
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I recently wrote two IdeaXchange blogs on disaster recovery: one on company preparedness and one on setting up a crisis management team. But what is the actual cost in dollars? 2018 has been horrifying in the number and intensity of natural disasters. And costs are still being assessed. The numbers […]
It’s always a good idea to plan a trip to Minnesota before the first snowfall. The last time I visited members there, a blizzard blocked the roads, my flight home was cancelled, and I spent the morning digging my rental car out of the hotel parking lot. This time, I […]
The truck driver shortage issue doesn’t seem to get better, and driver health problems just make it worse. Here’s a sobering statistic: A 2015 study from the CDC found that absenteeism cost employers just under $226 billion annually in productivity. With an aging workforce, that number is expected to only […]
You can’t control the weather, but you can control how you prepare for it by making sure that every vehicle in your fleet is in the best condition possible. Breakdowns can happen no matter how well prepared you are, but mitigating the likelihood is actually easier than you might think. […]
Last week, FleetOwner posted an article, State of private fleets in 2018: Part I, which details how the future looks quite positive for private fleets. The article notes that the number, volume and value of shipments continue to rise with no end to growth expected in the near future. This […]
Maintenance and repair costs as a percentage of a fleet’s total average marginal cost has increased by approximately 40 percent since 2008. That’s a significant rise. The American Transportation Research Institute released their report on the operational costs of trucking which found that maintenance and repair costs increased yet again […]
Companies are sitting on a treasure trove of information when it comes to their fleet’s operating costs, but knowing which data to rely on is the key to making the right decisions. Today’s trucks supply lots of information through their sensors; however, if you’re using your trucks’ sensor data simply […]