![]() ![]() ![]() “So, cost per hour gives fleet analysts an understanding of which locations and trucks are costing more than the benchmark.” “Even for delivery fleets, miles will vary greatly across different regions, and, in many cases, the highest cents-per-mile (CPM) locations are often New York City,” noted Collin Reid, truck strategic consultant for GE Capital Fleet Services. The main benefit of measuring certain factors by the hour is using an alternative method to analyze the fleet. In these situations, it is more effective to schedule future vehicle replacements or measure lifecycle costs based on the hours of engine operation or the amount of fuel burned over a period of time,” Korn said. “As an engine idles, the wear to consume one gallon of fuel is equal to driving up to 30 miles. So, are engine hours an important metric for measuring medium-duty truck performance? Many fleets operate under a specific year or mileage replacement policy. We all know the benefit of using mileage as a performance metric. ![]() miles driven is not a new concept but an increasingly relevant one that may still cause some confusion among fleet managers. Mileage continues to be a popular method, but because of the variety of ways trucks are used, fleets and owners may want to consider other effective means of performance measurement, such as hours of engine operation or the gallons of fuel consumed,” according to Joe Korn, senior analyst for ARI. “There are several ways to measure performance. ![]()
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