Earth Day 2022 #InvestInOurPlanet in Transportation and ESG
Topics: Trucking Environmental Sustainability, Fleet Safety, Truck Fleet Analytics, Fleet Management, Fleet Optimization, GHG, Fuel Economy
Latest Fleet Advantage Equipment Lease Vs Buy Study Showing Operating Cost Savings for Private Fleets and For-hire Carriers
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.
Topics: Lease vs Buy, Truck Fleet Analytics, Data Analytics, Fleet Management
Latest Data Analysis Shows Truck Cost Savings Continue to Increase Year-Over-Year When Upgrading to Newer Models More Frequently
Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management made public today its 2017 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class-8 trucks to 2018 model-year replacements. The TLDI shows significant cost savings when replacing older-model vehicles with 2018 MY trucks. According to Fleet Advantage’s ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software), the TLDI shows that fleet operators can realize a first-year per-truck savings of $22,162 when upgrading from a 2012 sleeper model-year truck to a 2018 model, a 17% increase in savings compared with year-ago figures ($19,023) for 2017 model-year upgrades.
Topics: Fleet Maintenance, Truck Fleet Analytics, Data Analytics, Fleet Management, Fleet Optimization