There is no direct answer to this question. Whether a trucking company decides to own or lease its trucks depend on several factors. Their transportation needs, financial position, overall growth strategy, and so forth may inform their decision.
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As a fleet owner, having a clear fleet acquisition and disposal policy is key to ensuring you have an efficient fleet that meets your business needs at all times.
Topics: Vehicle Leasing, Misc
One of the fastest ways to ride the car of your choice is through leasing. In fact, a larger number of people in the United States of America prefer car leasing to buying new ones.
Topics: Vehicle Leasing, Misc
Yes! It can be a great idea. If you're in the market for a used vehicle, or even a new vehicle, you should consider buying a car after the lease is over. They're far more cost-effective, and they've been well maintained.
Topics: Fleet Financing, Vehicle Leasing, Misc
No. When you lease a car, you'll need to buy auto insurance from an insurance company. Many lessors (the company that owns the car) will have specific requirements about the type of auto insurance you need to buy, particularly about the deductibles.
Topics: Vehicle Leasing, Misc
Every business has had its set of problems during the covid-19 pandemic. The fleet management field was not an exception. To maximize your output, especially with a communicable pandemic on the loop, you will need an expert to manage your fleet as you focus on your area of specialization.
Topics: Fleet Management, Misc
Drivers are the heartbeat of any business that operates a fleet. They manage the fleet and ensure that services get delivered on time.
Topics: Fleet Safety, Fleet Management, Misc
The COVID-19 pandemic has adversely affected all facets of the fleet management industry. Due to the uncertainty caused by the pandemic, fleet companies have had to rethink their business strategies while keeping costs down and employees safe.
Topics: Fleet Safety, Fleet Management, Misc
It's a nightmare for drivers: You put your foot on the brake and nothing happens. When your brakes fail, the thing you need to do is bring the vehicle to a stop as quickly and safely as possible.
Topics: Fleet Safety, Fleet Management, Misc
Even in the face of a raging pandemic, truck drivers are working very hard to keep goods flowing. They are navigating a challenging work environment to keep grocery stores and medical providers stocked with essential products.
Topics: Fleet Safety, Misc
