One of the best ways to measure your fleets cost is by monitoring your cost per mile. Most people think that $0.05 is not very much money. I want to remind you how much a nickel can cost a company.
Let us take a look at what 1 nickel per mile can impact a fleets profitability.
1 tractor that averages 100,000 miles per year
100,000 X $0.05= $5,000 increase per year for that 1 tractor
10 tractors X $5,000 = $50,000 increase per year, now we are not talking about chump change now.
50 tractors X $5,000= $250,000 increase per year. Do you have a better place to spend that ¼ million dollars? Maybe a capital expense building expansion project? Maybe investing in your associates to build a high performing team.
If you are interested in looking for methods that will save you that nickel please get in touch with me and I can assist you in building a fleet R&M model that will move your needle towards profitability.
Thank you for your time,
Rod