The concept of TCO (total cost of ownership) is crucial when local governments are trying to track, manage, and optimize the costs associated with all the vehicles in a fleet. Cost of all costs related to the fleet. Whether it is a taxi fleet or a city bus fleet, estimates show that there is a trade-off in terms of vehicles, which means TCOs in both are more similar than they are different.

Minimizing our customers’ TCO is foremost in developing our enterprise-level fleet management solutions at TruckX. The trucking business relies on efficiency in multiple cost components to minimize TCO. Our telematics, sensor, and route-optimization tools to monitor and manage the local and over-the-road fleet help reduce fuel burn, idle time, and multiple other cost components that add up to TCO. Reducing fuel burn not only increases driver safety but is a major component of Total Cost of Ownership and every cost line item associated with it.

Maintenance cost is another key variable in TCO. The third component of TCO is the ability of proactive, regular maintenance to detect and prevent costly repair jobs and extend the lifetime of vehicles. TruckX’s platform maintenance is due, and maintenance reports are generated. With TruckX, fleet managers can keep their trucks running smoothly at all times and only when necessary to maximize revenue from vehicles.