Over the last few years, the combined forces of rising energy, equipment and commodity prices have created a strain on transportation budgets. Simply put, the costs of acquiring, fueling and operating a fleet continues to rise. Logistics managers face competing pressures to reduce internal costs, without sacrificing service levels required by value-conscious customers.
According toBloomberg/BusinessWeek, America’s truck fleet is the oldest it has been in more than 30 years. The good news is demand for new trucks is on the rise. The bad news is the cost to buy a new commercial truck has jumped more than 30 percent for heavy-duty and medium-duty trucks over the last few years due to new emission system technologies.