Fleet Downtime – The Silent Profit Killer

Fleet downtime is more than an inconvenience—it’s a significant financial drain.

In 2023, the average cost of operating a truck reached a record high of $2.270 per mile, a 0.8% increase from the previous year.

Unplanned downtime exacerbates these costs, with estimates suggesting that each day a vehicle is out of service can cost between $448 and $760.

How can fleets combat this?

Implementing predictive maintenance strategies is key. By anticipating issues before they lead to breakdowns, fleets can:

• Reduce unplanned downtime
  
• Lower maintenance costs
  
• Improve overall operational efficiency
  

At Pitstop, we’ve seen fleets achieve up to a 40% reduction in downtime by leveraging AI-driven predictive analytics.

Is your fleet prepared to minimize downtime and maximize profitability?