Trucking Companies: What’s Driving Up Equipment Maintenance Costs and How Can You Save? | Zinc [Insurance]
  • Broadview Heights Ohio
  • Tuesday, Nov 19, 2019
  • 38°F
Trucking Companies: What's Driving Up Equipment Maintenance Costs and How Can You Save?
Business

Trucking Companies: What’s Driving Up Equipment Maintenance Costs and How Can You Save?

Repairing and maintaining your trucks and equipment is a huge investment. In fact, the American Transportation Research Institute (ATRI) reported that in 2016, about 10% of a fleet’s total average costs was due to maintenance. That’s the highest level recorded in ATRI’s survey history! What’s behind the spike in maintenance costs?

A truck's age and level of technology have a large impact. Older trucks often need more regular, costly repairs, leaving companies with no option but to outsource maintenance services. While newer rigs may be mechanically sound, tractor-trailers with cutting-edge technology require more advanced maintenance than older models. That involves frequent inspections to make sure the systems are in tip-top shape, which can cost your company extra labor hours regardless of the inspection results.

Another leading factor is increased mileage. With the surge of e-commerce, both retailers and consumers demand more frequent deliveries in record time to a growing list of destinations. In just one year (2015-2016), the average mileage of fleets rose from 80,868 to 103,945—that’s a 28.5% jump! As a result, trucks are experiencing wear and tear at faster rates. And as you repair and replace your trucks more often, expenses will quickly climb.

Let’s look into some practical ways to cut costs:

  • Stick to a regular schedule of R&M servicing. This could include servicing each truck every 10,000 miles, weekly routine maintenance, and thorough quarterly inspections.
  • Keep a detailed list of routine R&M tasks and safety checkups.
  • Accurately record your fleet’s service history. Then you’ll know what to expect once the next R&M service rolls around and you’ll also support the manufacturer’s warranty conditions.
  • Maximize the lifespan of your trucks’ tires by regularly inflating them at the correct pressure, keeping them well-balanced and properly aligned.
  • Overlooked and neglected lube points can damage parts, so don’t wait until your engine oil servicing to take care of them. This is especially important during the heat of summer and the snowy, salty months.

An Ounce of Prevention

You know that repair and maintenance are not optional. But those necessary costs can quickly become a heavy burden. Older trucks break down more, newer trucks have advanced technologies to constantly inspect and recalibrate, and increased mileage shortens any truck's lifespan.

How can you meet these challenges? Service your trucks on a recurring schedule, keep specific records of the tasks completed, and maximize the life of your trucks’ tires. By regularly examining the condition of your equipment and nipping any problems in the bud, your company will save loads in the long run.

You can share this post!

Trucking Companies: What’s Driving Up Labor Costs and How Can You Save?

Trucking Companies: What’s Driving Up Insurance Costs and How Can You Save?

Terms & Conditions

These Terms & Conditions govern your use of this website; your use of this website indicates your acceptance of these Terms & Conditions in full.

Kindly note that the information and content provided on this website does not constitute professional advice. Although we do our best to keep everything on this site correct and up-to-date, we do not guarantee the completeness or accuracy of any information provided on this website. Improvements and/or changes in the products, services and/or programs described on this website may be made at any time without notice. We must also advise that hypertext links to other websites do not constitute an endorsement, nor do we guarantee any information provided by those sites.

While we do love when users share what they find on our website, it may be used or shared only for personal purposes. The information and content provided on this website is owned or licensed by Zinc, and should not be used or disseminated for any profit or gain.

While using this website, please be aware that no insurance coverages can be bound and no amendments, supplements, or modifications can be added to your policy, new or existing, unless and until you have received a written binder from us or your insurance company.

For users outside of the US: We make no claims that the content on this web site is appropriate or may be downloaded outside of the United States. If you access the site from outside the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction.

Even though we work hard to ensure the security and safety of our website and its users, we cannot and do not guarantee that this website will operate error-free, nor that this website and its server are without computer viruses or other harmful material. If your use of this website or material from it results in any costs or expenses, we will not be responsible for those costs or expenses. This website and its materials are provided without any warranties of any kind, to the fullest extent permitted by law.

Please bear in mind that we will not be liable for any losses or damages arising under these Terms & Conditions or in connection with this website, whether arising in tort, contract, or otherwise – including, without limitation, any loss of profit, contracts, business, goodwill, data, income, revenue or anticipated savings.

Finally, if for any reason any portion or provision of these Terms & Conditions is ruled to be unenforceable, that provision will be enforced to the maximum extent permissible so as to affect the intent of the Terms & Conditions, and the remainder of the Terms & Conditions will continue in full force and effect.

Request a Quote

Uh oh! Something seems to be amiss. Please check your entries and try again.

Transmission Received

Thanks for getting in touch! You'll receive a confirmation email shortly.