Anyone who owns or manages a fleet of trucks will eventually be faced with the decision to sell them or attempt to fix them. Trucks are undoubtedly sturdy machines yet they can’t outrun the march of time.
Let’s take a look at a few tips that will help you determine if your trucks should be fixed or if they should be sold.
Making the Decision to Fix
When debating whether to fix your trucks or sell them, the decision is often simplified by economics. A company may just decide that it just can’t afford expensive repairs and opt to sell. Continue reading Do I Need to Repair My Trucks, Or Just Sell Them?
According to a recent news release from PR Newswire, fleet management will become a $22 billion market over the next five years.
That’s up from $8 billion in 2015, a figured based on new market research into fleet management solutions published by Markets and Markets.
Whether you’re a fleet manager or a CFO, understanding the factors that are affecting this impressive growth in your industry will let you make sound business decisions and steady the course you’re currently on or change the course of your company’s path so you can reap some of the benefits of the industry’s growth. Here is a look at some of the factors contributing to this predicted surge in growth. Continue reading Why Is Fleet Management A Growing Market?
A good fleet safety program is one of the most important aspects of maintaining your trucking fleet. And as any good fleet safety manager can tell you, the benefits of this program go far beyond simply avoiding accidents. Besides saving significant money by reducing the costs associated with accidents, a solid safety program can have some fairly beneficial long-term effects.
For one thing, when every employee accepts and follows a safety program, it leads to greater productivity among those workers. This leads to reduced turnover, because the level of employee satisfaction rises with the sense of well-being. Companies can lower their insurance costs by maintaining and demonstrating a track record of safe driving over a period of time. Continue reading 5 Steps to Start Your Fleet Safety Program
Look up news stories on the trucking industry, and you’re likely to find a lot of coverage of the nationwide driver shortage.
According to the American Trucking Association, the industry had a shortage of 38,000 drivers in 2014, a number that was expected to jump to nearly 48,000 by the end of 2015. The average age of the American truck driver is 49, which means the industry expects to see a significant number of retirements in the next 10 years. Continue reading What’s Causing the Truck Driver Shortage?