Fleet Cost Management

Fleet cost management is an important part of running a profitable truck and commercial fleet business. These costs can be managed through strategy and tools, depending on what is affecting your bottom line: fuel costs, maintenance on your vehicles and equipment, the cost of labor and overhead, and regulatory costs and fees. Fleet cost management helps keep your operation profitable, as well as efficient and sustainable.

TruckX provides automated advanced fleet cost management solutions. Such aim is to help the fleet manager take better control of his/her costs. One of the key cost areas is related to fuel consumption, which represents a sizable portion of the operational costs. TruckX monitoring and analytics functionality enables real-time fuel consumption tracking, identification of inefficiencies, and implementation of cost reduction strategies, including route optimization, idling reduction, etc.

Maintenance is another critical area where costs can skyrocket due to neglect. But using TruckX’s maintenance-tracking smartphone tools, scheduled maintenance reminders and ongoing repair alerts are automated according to the equipment’s age, mileage, and wear and tear, anticipating the need for replacement and restoration to keep equipment operating at top performance.

Labor expenses make up a significant portion of a fleet’s total cost, but its TruckX solutions have tools to help with everything from better scheduling for drivers to HOS monitoring and overtime reduction. It can help fleet operators with labor management to reduce expenses and drive up efficiency.