Reduce Fleet Costs

How to Reduce Your Overall Fleet Costs

The total cost of ownership of your fleet is made up of the purchase price of your assets plus the costs of operations. This is an especially important figure when you’re looking to understand your operational costs and reduce them. Fleet managers should always be seeking ways to reduce their total cost of ownership, both short-term and long-term. A fleet’s total cost of ownership is a fluid figure and will be different for every commercial fleet. Here are three key ways to reduce fleet costs:

Evaluate Leasing Arrangements | Do you own or lease your vehicles? What type of lease arrangement do you have, could it be improved?

Optimize Your Fleet Size | You may have too many vehicles or not enough. Analyzing the scale of your fleet can help you determine the optimal number and vehicles needed.

Outsource Operations | Make sure your operations such as titling, registration and everything needed to keep your fleet compliant is running efficiently and not costing you additionally in fees.

In a few simple steps you can greatly improve your commercial fleet’s cost assessment and reduce your overhead cost thus increasing your total cost of ownership. It just takes being aware of your assets and where your costs are going.

If you’re looking for fleet management solutions, we oversee all the details from vehicle title and registration, renewals, duplicate titles, out of stock vehicle locating and so much more. We pride ourselves on fast turn-around times, our expertise and our accurate & reliable processes. Learn more: https://abstagtitle.com/about-us/services/

September 25, 2020February 5, 2021

Understanding Commercial Fleet Terminology

Understanding the differences between apportioned license plates and other terms.

Why Apportioned Plates Are Important

Does your organization currently utilize commercial trucks as part of its fleet management strategy? Do your trucks have apportioned license plates? If you’re not familiar with the term “apportioned license plates,” “apportioned registration” or “International Registration Plan” (IRP), then we hope this brief overview helps explain what they are and why they’re important for your fleet.

License Plate Differences

Apportioned license plates, apportioned registration, and International Registration Plan (IRP) are closely related. These designations allow commercial vehicles to operate in two or more jurisdictions. Each state receives a “portion” of the vehicle’s registration fees based on the miles traveled in that particular state. Apportioned plates are license plates issued to commercial vehicles and are affixed to the vehicle. Apportioned registration is the official registration within the state that the fleet is based. The International Registration Plan (IRP) is a federal program and vehicle registration agreement between the states within the United States and the provinces within Canada.

Worry Free Travel with Apportioned Plates

Having apportioned plates is important because it allows your fleet to travel interstate without having to worry about registering in each state or receiving fines for not having appropriate registration.

Worry Free Fleet Management

At ABS Tag and Title, we have all the expertise to keep your fleet appropriately registered, titled and licensed without worry. We stay on top of all your fleet management needs so you can get back to business.

August 21, 2020February 5, 2021

Increase Fleet Productivity

Learn how to increase your fleet of vehicles producitivity

What You Need to Know About Fleet Productivity

Unfortunately, downtime is inevitable when it comes to fleet vehicles whether it’s breakdowns or collisions. When a vehicle is out of service it causes a domino effect; your operations stall, customers become dissatisfied, and your revenue takes a hit. If your company uses a fleet, unplanned and unexpected downtime is not an option. Here is what you need to know about fleet productivity and how to maximize it.

Manage Downtime

Most people associate downtime with maintenance issues and accidents. However, they are many factors that may keep your vehicle out of commission. Some factors are avoidable while other are not like bad weather, vehicle booting, licenses and traffic. Some costs can be immediate, while others affect the budget in the long run. Some expenses caused by downtime can include towing and roadside emergency repair.

When your vehicles are not operating as expected, you won’t be able to transport your experts and tools accordingly, and you will be forced to cancel or reschedule appointments. In the long term, unhappy clients may opt to work with a rival company. Below are tips to help you minimize downtime.

Choose the Right Vehicles

The vehicles you pick for your fleet will determine your fleet productivity. Select vehicles that are specifically built for accomplishing your particular job and avoid overtaxing them; this can lead to issues like wear and tear and increase the need for repairs. If your job involves transporting heavy objects, you will need a vehicle that can handle the cargo. It’s also recommended you pick newer vehicles with the latest technology that reduce maintenance and alert you when problems arise.

Perform Inspections and Maintenance

Fleet inspections are the key to discovering and fixing minor problems before they turn into major ones. Your company should have a fleet inspection program to ensure every vehicle is in good shape; this is not only beneficial but required by law. To reduce downtime, when performing regular maintenance schedule it during off-hours. This will ensure your vehicle isn’t in the auto shop when it should be working in the field.

Minimize Shop Time

The less time your vehicle spends in the repair shop, the more productive your fleet will be. Streamline your maintenance and repair process by scheduling in advance, checking beforehand if parts are available, and working with facilities that utilize the latest technology.

Promote Staff Accountability

Drivers should be accountable for the vehicles they drive. Downtime is significantly reduced when drivers care for the vehicles by properly inspecting them before heading out, observing traffic rules, and taking the vehicle to the auto shop on time. You can start a program to reward your most responsible drivers.

Bottom Line for Increasing Fleet Productivity

If your fleet vehicles come to a standstill so will your business. To minimize downtime and maximize fleet productivity, make sure you lease the right vehicles, perform frequent inspections and maintenance, and promote employee accountability.

To find out more about how our fleet management services can benefit your company, please contact us online or call (877) 914-7973.