Total cost of ownership (TCO) measures the real cost of a vehicle, including all associated costs like acquisition and maintenance. An accurate TCO calculation can help your company determine when to replace fleet vehicles, service them or consider transitioning to leased vehicles. It’s important to measure TCO accurately because a misleading calculation can provide false forecasting into the cost of your assets and lead to damaging financial decisions.
Management Must Buy into Policies
Since a safety program may mean making fundamental changes to the way drivers are managed, it is imperative to have management buy-in from the start. Everyone throughout the organization needs to know that safety is a strategically important objective from the very top. It's something that can only be articulated by the most senior officer to get the strongest point across to all employee's.
An online group with over 9,000 followers calling itself Black Smoke Matters is trying to organize a shutdown of truckers on April 12, 2019. This is to protest a variety of conditions affecting drivers, including hours of service and training levels.
With 2018 coming to a close, many industry professionals are looking back on their year to help them prepare for 2019. Utilizing old data trends so they can better forecast things like cost, supply, expenses, and overall growth. While it is hard to predict all trends come the new year, we have highlighted the top trends in trucking to watch out and prepare for once 2019 arrives.