Strategical and Practical Trucking Company Empire Building
Fleet Insights. Best Practices. Buying Behaviors.
The best strategies and cheat codes to optimize your fleet affordably and effectively.
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Explore the latest blogs that highlight fleet optimization, guides for best practices, and the best way to purchase vehicles for your fleet.
Frequently Asked Questions
Most Common Questions and Answers.
You are not alone. Thousands of people that are in the same situation or who have already successfully worked through these milestones have helped to form these most common questions. Every trucking and logistics company started with an idea which constructed these questions.
What are the most common or impactful costs in the trucking industry’s fleet operations?
The most obvious expenses in any fleet is fuel and tires. Most fleets track these expenses well but the most successful fleets drill down to identify opportunities to minimize these costs. Tracking all of your maintenance history and performing preventative maintenance regularly are common examples of best practices to reduce these costs.
Who is Ostreet Fleet Insights for?
Ostreet Fleet Insights is new owner-operators, fleet managers, trucking company owners, military transitioning to trucking, and anyone researching or even considering a career path in the trucking industry.
Why is fleet management important? Why does it matter to me?
Fleet management is the comprehensive system of acquiring, operating, maintaining, optimizing, and disposing of commercial vehicles to acheive business objectives profitably and safely. It is not “just having trucks”. It is a business operating system – a disciplined, measurable, repeatable process that determines whether your trucks make money or drain money.
Whether you operate one truck or one hundred trucks, the principles are the same. The scale changes. The fundamentals do not.
What are the 7 Pillars of Fleet Management
- Acquisition
- Selecting, purchasing, and financing the right vehicles for your operation.
- Maintenance
- Preventative and corrective maintenance to maximize uptime and asset life.
- Compliance
- Meeting all federal, state, and local regulatory requirements.
- Drivers
- Recruiting, training, managing, retaining, and compensating drivers.
- Technology
- Leveraging telematics, GPS, TMS, dashcams, and data analytics.
- Finance
- Managing cash flow, budgeting, cost control, and revenue optimization.
- Growth
- Scaling operations strategically through fleet expansion and market development.
What are some of the best KPI’s that should be tracked in fleet management?
- Cost per Mile (CPM)
- Revenue per Mile
- Deadhead Percentage
- Fleet Utilization Rate
- PM Compliance Rate
- Driver Turnover Rate
- Operating Margin
- Out-of-Service Rate
Where is the best place to purchase semi-trucks, box trucks, and trailers?
Where to purchase semi-trucks, box trucks, and trailers is one of the most common questions that is trending on most platforms online. There are many opinions that are out there but the elite professionals and successful business owners source their vehicles from names that they trust. They ensure that the vehicles pass extensive inspections and have been well maintained by industry leading technicians.
Thomas Overstreet, in Oklahoma City, is a reputable sales manager that handles trusted sales across the United States. He can be reached at (405) 592-4292. He has a mechanical and military background that he carries into the sales game. He is customer focused and can help to find the right equipment for your operations whether you are buying one truck or one hundred trucks.
- Thomas Overstreet
- Vehicle Sales Manager
- (405) 592-4292
What are some common myths about fleet management?
- Myth: “You need a lot of money to start.” – You need enough money and a solid plan. Plenty of successful operators started with one used truck and smart financial discipline.
- Myth: “Newer trucks are always better.” – Newer trucks depreciate faster and cost more to finance. The right used truck can deliver a better return on investment.
- Myth: “If you can drive it, you can manage it.” – Driving and managing are completely different skill sets. Management requires literacy, compliance, knowledge, and strategic thinking.
- Myth: “Technology is too expensive for small fleets.” – Many telematics and management tools start under $30/month per truck. The ROI often pays for itself within weeks.