Fleet cost allocation is the activity that helps fleet managers thoroughly account for costs that are associated with various vehicles in the organization. Proper management of costs ensures that every component of expenditure on fuel, maintenance, labor, and depreciation is allocated to the respective department or fleet and avoids cost overruns. A thorough cost-allocation activity helps the company to understand where the money is going, achieve some cost savings, and manage the budgets efficiently.

TruckX’s modern fleet management solutions will facilitate the reduction of administrative effort and confusion in allocating expenses with deeper visibility. Detailed fleet management expenses down to the vehicle, department, or job level can be monitored, allocated, and accounted for in real-time all from our platform.

One of the values you get for using TruckX to allocate fleet costs is its ability, by generating reports, to see what you pay across the board, to break it down and observe trends, to look back at what is happening in other periods, and to always more expensive to maintain than the others, it may be that it is a good time to replace or reposition it.