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Latest Fleet Advantage Survey Shows Vast Communications Challenges Between Truck Fleet Operations & Finance Departments

Posted by Brian Holland, CTP on 7/12/18 11:11 AM

Finance and Operations Not On The Same Page Regarding Focus Of Fleet Cost Management and Procurement

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced today its latest industry survey showing where there’s a significant lack of communication between fleet operations and finance departments within many organizations with a private fleet.

Where Is the Lack of Communication?

The online survey shows private fleet management personnel highlighting several obstacles when trying to communicate fleet operational needs with finance departments. Signifying this lack of communication, 37.5% of fleet executives cited the inability of their finance departments to clearly communicate the company’s financial metrics and goals to the operations department as the largest communications struggle. An additional 34.4% said finance doesn't understand the benefit of investing in newer equipment; and 31.3% said finance doesn't understand various operating costs associated with the fleet.

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Topics: Fleet Management, Truck Fleet Operations, Lease vs Buy

Latest Fleet Advantage Equipment Lease Vs Buy Study Showing Operating Cost Savings for Private Fleets and For-hire Carriers

Posted by Brian Holland, CTP on 7/12/18 11:10 AM

Significant Savings Realized When Leasing Compared to an Ownership Model Over the Same Period

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management unveiled today new analysis that shows the operating and financial benefits of a truck lease vs. buy structure for private truck fleet operators, as well as for-hire carriers. The analysis illustrates a missed opportunity for cost savings when comparing a seven-year ownership of one truck to a four-year ownership and a four-year lease of two consecutive trucks.

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Topics: Lease vs Buy, Truck Fleet Analytics, Data Analytics, Fleet Management