Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM) is exhibiting at the American Trucking Association’s TMC Fall Meeting & Transportation Technology Exhibition in Cleveland from September 12-16. Fleet Advantage will be addressing fleet executives’ focus on driver retention, lowering emissions, and the increased need for more flexibility in truck lease structures.
As Fleet Advantage will illustrate at the TMC event in booth #7004, more fleet executives are leasing their trucks to shorten their life cycle and lower their Total Cost of Ownership (TCO). The company recently completed its annual benchmarking survey and found that 31% of fleet respondents are leasing their trucks, significantly up from last year when only 14% of fleet executives said they were leasing.
However, lease structure is a major area of concern for many as 28% of fleets are in an unbundled lease agreement and “see greater value on flexible fuel and maintenance costs”. This compares to 20% who say they are locked in a full-service lease with some saying they are “trying to escape the contract because of inflexible costs on fuel and maintenance”. Additionally, 41% of fleet executives say the supply of new trucks and inventory challenges have altered their truck procurement plans due to lead times.
In addition to procurement strategies and lease structures, there are many challenges affecting transportation fleet operations. Visit Fleet Advantage at booth #7004 for a Complimentary Comparative Cost Analysis or a Consultation! Fleet Advantage’s certified truck professionals will be assisting fleets by offering solutions to both company-specific and industry-wide issues affecting daily operations.
“Flexibility and agility are important business strategies uncovered during 2020, and fleets that position themselves with the flexibility to adapt to changes in today’s business climate have a significant competitive advantage,” said Don Davis, Senior Vice President, National Accounts.