Truck parts and labor expenses rose 1.9% in the third quarter of 2023, according to a report from TMC and Decisiv.
Heavy- and medium-duty truck production improved in 2022 and OEMs were building at full capacity in 2023. The exit of some smaller fleets increased the availability of used Class 8 trucks as well during 2023.
A benchmarking report from TMC and Decisiv reveals good news for fleets as heavy-duty parts and labor costs dropped in the second quarter of 2023.
Recent maintenance data suggests trucking fleets are paying more attention to preventive maintenance, which is good considering repair costs are increasing. Here's what you need to know.
The need to keep older trucks on the road is driving up maintenance costs, according to a study by the American Trucking Associations' Technology & Maintenance Council and Decisiv.
The partnership between Samsara and Pitstop will enable fleet managers to know exactly when to replace tires, brakes, batteries, and more while optimizing for reduced emissions.
A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
While repair and maintenance costs decreased considerably in 2019, the industry could see an increase in maintenance costs driven by a strong demand for trucking. Here's the maintenance you need to know from HDT's 2021 Fact Book.
Truck fleet drivers have a significant impact on a fleet’s maintenance costs. Ensure drivers are involved in truck maintenance and spell out fleet policies.
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