Creating a Maintenance Budget Improves Fleet Profitability

Small fleet owners and owner-operators often struggle with unpredictable maintenance costs, leading to budget guesswork or reactionary repairs. A structured maintenance budget can be a competitive advantage, ensuring uptime, driver safety, equipment longevity, and cost control. Building a budget involves tracking data, separating preventive and corrective costs, and prioritizing preventive maintenance. By forecasting expenses, setting up a maintenance reserve account, and adjusting budgets quarterly, owners can protect against financial chaos and downtime. Understanding the true cost of neglecting maintenance is crucial for long-term success in the trucking industry.

Read more at Yahoo Finance: How to Create a Maintenance Budget You Can Stick To