The Cost of Not Evolving Your Fleet

Today’s business environment is full of challenges for fleet owners, and it is only getting more complicated—especially if you have older equipment. Truck production delays, inflation, interest rate hikes, and technician availability are all raising the cost to operating commercial vehicles. These challenges are forcing companies to look at how they are currently operating and deciding to stay the course or pivot.

For some, this means looking at the options of truck leasing or owning a fleet. Deciding which is best for your company depends on many factors: type of operation, truck configuration, managing preferences, routes, capacity, and financing.

For many businesses small and large, fleet management is not a core strength, making the decision to operate a fleet in-house even more pressing because of the significant impact it has on customers and the business.

Coupled with electric vehicles, new engine technology, regulations, and macro challenges, not making changes to how you operate can put your business in park. Many company owners feel owning their vehicles is the only way they can brand their fleet, benefit from tax deductions, and have total control. But these can all be attained through a truck lease as well.

The truth is, owning, running, and maintaining a commercial truck fleet can be costly. Unpredictable costs, breakdowns, and hidden risk can take your focus away from your business and your customers. With a full service truck lease, you get a fleet you can rely on, predictable monthly costs, built-in truck maintenance, substitute vehicles, and time to focus on your business.

Your monthly payment can actually be less than what you are paying by owning your fleet. You also limit your risk should your vehicle breakdown, as truck maintenance is covered through the life of your lease.

With Ryder, you can put the complexities of managing your fleet behind you and focus on your business. You won’t have to worry about acquiring, managing, and disposing of the vehicle. Flexible financing options, vehicle specification, repair, and preventive maintenance are also included. You also have access to substitute vehicles, preferred fuel rates, and safety packages.

Through our experience and investment in advanced vehicle technologies, our customers benefit from a better fleet that no one else can offer because of the investment we have made and partnerships built. We leverage our relationships with Original Equipment Manufacturers (OEMs) to work with and understand new technologies fit into your portfolio. This ensures that integration is looked at through the lens of a fleet operator and not a truck manufacturer. As a result, you get a fleet that evolves and meets the demands of today’s transportation industry, while keeping your business running affordably.