CLIENT LOGIN BUY USED TRUCKS

FLEET ANALYSIS & MODERNIZATION

IDENTIFY OPPORTUNITIES TO IMPROVE TRUCK FLEET PRODUCTIVITY AND REDUCE COST

Fleet Advantage conducts a Truck Fleet Study and makes recommendations for lifecycle cost reductions by extracting the fuel, maintenance and mileage data directly from the tractor's on-board computer via our proprietary interface. The fleet study includes depreciation, finance, maintenance, & repair and used truck values and the data is aggregated by: year, make, model, manufacturer, type, and location.

Objective of Fleet Study

  • Identify dormant equity
  • Lower total fleet costs by improving fuel economy and reducing maintenance and repair spend
  • Eliminate spare trucks by providing new, more reliable equipment
  • Provide a financial Pro-Forma that will stand the scrutiny of senior management, equity partners and lenders

Findings of Fleet Study Include

  • Identification of a money savings strategy for implementation incorporating:
    • Utilization Overview
    • EXchangeIT® Lease Structure
    • Fuel Economy Overview and Comparison
    • Performance Overview
  • Lifecycle Cost Analysis
  • Maintenance and Repair (M&R) Cost Analysis
  • Comparative Cost Analysis
  • Lease vs. Buy Analysis

CASE STUDY

Fleet Saved $4.5 Million Over 2 Years by Optimizing Fleet Utilization with Truck Fleet Analysis

Industry

Private Fleet - Retail Distribution

Annual Revenue

Over $50 Billion

Fleet Size

2,400 Tractors & Trailers

Credit Rating

High Investment Grade


ENGAGEMENT OVERVIEW

  • Track current and projected annual cost
  • Identified:
    • Truck utilization was lower than originally contracted
    • Equipment was in exceptional condition
    • Resale market for used equipment was weak
  • Recommended an extension which included a third-party maintenance contract with guaranteed cost for the extension period

CONCLUSIONS

  • Postponed a $35 million CapEx expense
  • Completed transaction 12-24 months prior to contract expiration
  • Saved client $4.5 million over 2 years