Identifying your fleet’s truck tipping point
As a truck ages, the costs of maintenance may start to outweigh the benefits of continued use.
Advice for navigating rising interest rates, cash flow and reducing emissions
Similar to years past, the industry remains resilient, and demand for goods has held up despite higher interest rates.
The importance of flexibility in truck maintenance, ADAS in truck winterization plans
Winterization requires fleets to consider advanced technology, including ADAS for safe driving.
Back to Basics: Truck fuel economy, maintenance strategies to combat supply chain issues, rising fuel cost
Today’s fuel prices have re-introduced a bevy of asset management challenges for fleets that significantly impact the bottom line of every fleet organization. This is especially a concern since fuel is the largest component of total cost of ownership (TCO) for any fleet. While it is challenging to procure new trucks, it’s equally important to
Fleet Advantage focuses on helping transportation fleets achieve ESG Goals
Fleet Advantage announced a new focus to help its clients transition to a low-carbon economy and achieve corporate Environmental, Social and Governance (ESG) goals. “At the heart of our ESG-centric strategy is a data analytics focus that relies on real-time business intelligence to help steer clients toward more environmentally-sound business decisions,” said Katerina Jones, vice
Fleet Advantage on the impact of decarbonization, GHG regulations and electrification on truck lifecycles
FE caught up with Fleet Advantage to talk about the latest developments in the truck market, how electrification and emissions goals will affect truck lifecycles, and a few other topics at the TMC Fall Meeting in Cleveland in September. Below is our Q&A with Al Barner, senior vice president of business development at Fleet Advantage.
How truck lease structure impacts maintenance, repair costs
The broader economy has rebounded quite well from the severe market turbulence of 2020—and seven countries, including the U.S. and China, have already reached their per capita GDPs return to pre-pandemic standing, according to the latest report from the Organization for Economic Co-operation and Development (OECD). According to the group, global economic output will rise
Advanced trucks could increase driver retention
Heavy-duty fleet organizations are facing major challenges in the retention and recruitment of drivers at an especially hazardous moment. Drivers are needed now more than ever before to progress in migrating the shipment of goods, food, medicine and vaccines globally. Retention is especially important for drivers, as the current market is tight. The most recent
Three truck market takeaways from Fleet Advantage
Fleet business analytics provider Fleet Advantage shared three areas of focus for the heavy-duty truck market following its fiscal year ending June 30. According to the Organization for Economic Cooperation and Development (OECD), the U.S. economy is expected to grow 6.9% this year, a staunch increase from the 3.5% contraction in 2020. This has resulted
How long should you be running your trucks?
New truck demand continues to boom as production challenges continue to loom. The evolution of truck technology is the constant—improved safety systems and improved efficiency all add up to savings. Pre-pandemic, a four- to five-year new truck lifecycle was common among carriers, but that’s starting to change as fleets take a long, hard look at
Report: Advantages of unbundled vs. full-service leases for HD truck equipment
Fleet Advantage has released a new report, “How Unbundling Your Full-Service Lease Can Save You Millions.” The company says the report illustrates the organizational flexibility and financial gains associated with an unbundled lease agreement compared with fleets that use a full-service lease (FSL). The principal difference between an FSL and an unbundled lease is that FSL is not transparent to the customer, Fleet Advantage says. In an FSL agreement, fleets essentially hand
Flexible finance a larger focus for transportation, private fleets
Transportation organizations and private fleets are both finding new ways to cope with the major challenges thrown at them in 2020, particularly by the COVID-19 pandemic. While each has their own set of unique challenges specific to their organizations, they’re both battling ways to deal with a difficult financial climate, rising costs from adapting to