The True Cost of Fleet Ownership

There are four specific areas to focus on when looking at a fleet’s total cost of ownership. Each cover a variety of expenses you can expect when purchasing a truck. And, because the transportation industry is always changing, variable price points for these conditions force fleet managers to thoroughly analyze cost breakdowns to avoid accruing damaging profit losses. A fleet’s TCO include expenses that cover:

• Acquisition (truck purchase price)
• Financing (interest rates, depreciation, etc.)
• Operating (maintenance, licensing, etc.)
• Disposal (value and taxes)

As a leading brand of premium ice cream and refrigerated ice teas, Turkey Hill depends on reliable transportation to service customers across the United States. After a deep dive analyzing the total cost of owning and operating an outdated fleet, the company decided to outsource to Ryder’s truck leasing solutions to gain 80 top-of-the-line trucks and 230 new trailers to reduce fuel consumption up to 36,000 gallons annually. In turn, this saved Turkey Hill $150,000 in annual fuel costs while minimizing food loss during transportation due to a drastic increase in vehicle uptime.