Businesses Looking At Reducing Fleet Costs

Companies with transportation fleets are realizing a significant opportunity for increased savings in their total cost of ownership (TCO) by moving their vehicles toward a shorter lifecycle, says Al Barner, senior vice-president, strategic fleet solutions, for Fleet Advantage. “Our clients are paying closer attention to the costs associated with their fleets and how those costs impact their bottom line each year,” In doing so, these organizations are saving millions through lower maintenance and repair costs, lower fuel expenditures, reduced emissions, and lower costs associated with safety accidents. The COVID-19 pandemic also had a significant impact on the industry during the company’s fiscal year and, in response, it began offering a sale-leaseback program designed to infuse cash and flexibility for transportation fleets. Fleet Advantage is a truck fleet business analytics, equipment financing, and lifecycle cost management firm.