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Holland: How to reshape asset acquisition planning

May 23, 2024
Fleets must adapt financial strategies, budgeting/forecasts, and operational approaches to mitigate the impact of volatility in the economy.

The trucking industry is no stranger to economic fluctuations. Fleets have experienced the ripple effects of market downturns, supply chain disruptions, and shifting consumer demand. In such uncertain times, flexibility becomes a key factor in success.

Just as companies in various industries adjust production schedules, inventory levels, and sourcing strategies to respond to changing market conditions, organizations with transportation fleets must adapt financial strategies, budgeting/forecasts, and operational approaches to mitigate the impact of volatility in the economy. Doing so entails understanding current economic forecasts, applying new data to maximize fleet life cycles before purchases, and considering emissions regulations.

About the Author

Brian Holland

Brian Holland, CPA, CTP, CLFP, is the president and CEO of Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management. 

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