The biggest factors that are contributing to these expenses are the number of miles that a truck has traveled as well as the fuel mileage.
Fuel
In the past few years, we had the chance to experience a drastic fluctuation of fuel prices.
For example: The fuel prices in July 2008 reached a price of $145, later on this price range dropped at $36 dollars per barrel just few months later. Just 7 years later we got to experience a steady fall of the fuel prices- early in the year the average diesel price reached $3.14 per gallon, whereas by the end of 2015 the price was $2.24 per gallon.
100 THINGS TO KNOW ABOUT GPS AND FLEET MANAGEMENT
Hey! I'm George J. Magoci and I will send you a FREE eBook where you can learn 100 Things To Know About GPS and Fleet Management.
In addition, trucking companies are considering fuel costs to be the biggest expense that they are facing with nowadays.
Did you know that if the fuel prices slightly increase throughout this year it will result in increased marginal fuel costs for trucking companies next year?
Repair and maintenance
Repair and maintenance are not something uncommon for trucking companies. The costs that come from repair and maintenance can be impacted by several factors, such as are:
- The Age of the trucks and trailers;
- Vehicle configurations;
- Technologies that are installed on the trucks;
