Question

If you are planning to grow your business, what specific data point from your current fleet do you need to calculate exactly how many more vehicles you will need to buy?

Accepted Answer

To figure out exactly how many new vehicles you need, you must look at your utilization rate. This is just a simple way of saying what percentage of your current fleet is actually working at any given time. Think of it like this: if you have ten trucks but only eight of them are ever out on the road at once, your utilization is eighty percent. To do the math for your growth, you first need to know how much work you expect to gain. Divide that extra work by your current utilization rate to see how many more vehicles will be busy. If you only look at your total number of trucks instead of how often they are used, you might buy more than you actually need and waste your money.

If you are planning to grow your business, what specific data point from your current fleet do you need to calculate exactly how many more vehicles you will need to buy?

To figure out exactly how many new vehicles you need, you must look at your utilization rate. This is just a simple way of saying what percentage of your current fleet is actually working at any given tim....

Community Answers

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If you are planning to grow your business, what specific data point from your current fleet do you need to calculate exactly how many more vehicles you will need to buy?

To figure out exactly how many new vehicles you need, you must look at your utilization rate. This is just a simple way of saying what percentage of your current fleet is actually working at any given tim....

Community Answers