As gas prices continue to rise, businesses are feeling the pressure to find new and innovative ways to save money. One area that is often overlooked is fleet leasing.
While repairing your vehicle before the pandemic was a quick one or two-day affair, depending on the severity of the damage, the period has quickly ballooned to over two weeks.
Businesses in the US spend a whopping $1.04 trillion, 10.4% of their total revenue, every year on transportation costs. While transportation is expensive, companies running vehicle fleets can cut costs and increase their profit margins by hiring fleet management providers.
Artificial intelligence is slowly creeping into every crevice of our daily lives. Although relatively in its infancy, AI has managed to take the world by storm, and we could soon see a world where AI is the norm.
One of the best ideas that you can use to further your business agenda is to leaseback a property sold to a purchaser. Here, all the details are written up and decided on when the sale of the asset happens. In this type of transaction, the seller becomes the lessee, while the purchaser is the lessor.
If you manage a fleet of pickup trucks, you're always looking for ways to increase their value. After all, a truck is a significant investment, and you want to get the most out of it.
Owning and maintaining your fleet of vehicles can be very expensive. When you aren't using your vehicles, however, there are simple steps you can take to help prolong the life of your vehicles and keep them in good working order until the next time you need them.
When it comes to upfitting vehicles, fleet managers want the process to be as quick and painless as possible. Unfortunately, upfit lead times can often be lengthy due to the number of steps involved in the process.
As a business person, you are well aware of the many metrics available that measure your venture's performance. Return on Investment is such a trumpeted buzzword that every person interested in business has come across it in one way or another. It's a powerful indicator of how a company can make a profit.
How do you maximize your commercial fleet cash flow as a business enterprise? Are you using the right commercial fleet to optimize and lower operational costs.? The biggest challenge to running a profitable business enterprise is the sustainability of a positive cash flow. Consistent cash flow protects businesses operating large fleets from financial challenges and other unforeseen expenses to maximize profits.