More Miles Increasing Fleet Maintenance Costs: Report

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As new truck equipment becomes more scarce, North American fleets are running older equipment much longer, and, consequently, fleet maintenance costs are continuing to rise, reports Jim Park from HDT.

A new study commissioned by the American Trucking Associations, ATA’s Technology & Maintenance Council, and Decisiv has found maintenance costs rose 3.7% in the fourth quarter and are up more than 10% for North American fleets from the previous year.

“The North American economy continues to impact parts and labor costs for fleets in several ways,” Hyatt noted during a press conference at the 2022 TMC Annual Meeting in Orlando, Florida. “However, the ongoing drive to implement more effective and intelligent service management practices among fleet maintenance operations is helping ensure the highest possible levels of equipment utilization.”

Hyatt said combined fleet parts and labor costs rose more than 10.8% when comparing the fourth quarter of 2020 with the fourth quarter of 2021. Labor costs saw the sharpest increase, jumping up 14.2%, while parts costs rose 8.8%.

Full story here.

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