The trucking and commercial fleet industries’ top investment area is fleet capex, a set of outlays needed every year for purchasing capital assets (sometimes also for expanding or renewing an existing fleet) and maintaining the mobility of the vehicle fleet. So, it means capex covers costs to acquire, upgrade, and keep required vehicles, equipment, and facilities in good condition. Nowadays, managing capex is fundamental for achieving long‐term value, lowering operational expenses, and fuelling further growth.

TruckX is a leader in fleet management solutions for capital equipment operators. Our system provides advanced data analytics and reporting capabilities that fleet managers can leverage to measure and track the health and utilization of their assets. Using these insights, managers can better anticipate which machines or vehicles are coming to the end of their useful lives and determine whether new assets need to be acquired or assets should be upgraded.

Other benefits of TruckX include a strategy for efficient maintenance to extend the useful life of fleet assets, ensuring they keep on the road for longer and don’t end up on the scrap heap too soon. There are regular alerts and scheduling so that everything is kept in good working order and can run longer and cheaper, as well as alerts to faults that may affect safety and roadworthiness. The system also tracks fuel usage and efficiency: over time, this can help to justify the cost of new vehicles that are more fuel efficient than existing assets, potentially saving far more money in the long run.