A Critical Assessment of Replacement Policy and its Relevance in Haulage Business (Part Two)

Old trucks for New

METHODS OF ESTIMATING A MOST OPTIMAL REPLACEMENT CYCLE SIMPLISTIC REPLACEMENT PLAN The simplest replacement pro­gram and the one requiring the least amount of analysis is to replace a vehicle after a specific amount of time. It is not rocket science to count up how long the truck has been in service and determine ahead of time what time you simply […]

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Enhancing the Performance of your Haulage Business (Part Two)

FUEL MANAGEMENT SYSTEM With fuelling accounting for 30% (if not more) of the operational cost of most haulage businesses, it will make a lot of sense to state that a policy geared towards reducing fuel consumption or getting better mileage for same volume of fuelling will most assuredly impact positively on haulage operational efficiency and performance. Within the haulage industry […]

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Enhancing the Performance of your Haulage Business (Part One)

Generally speaking, Performance in any business is measured in terms of the relationship that exists between the resources deployed towards the sustenance of that business or enterprise and the end-result as measured by the output or value of product/service thereby generated. Haulage business in Nigeria in the last 5years has witnessed tremendous growth in terms of the quantum of fresh […]

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A Critical Assessment of Replacement Policy and its Relevance in Haulage Business (Part One)

Old trucks for New

In haulage business, Replacement Policy is one of the most critical aspects of fleet management which should be of considerable interest to business owners. Nearly every other cost, both fixed and variable, hinges upon when vehicles are replaced. Maintenance and repair expense, fuel efficiency, and of course, depreciation are all sensitive to replacement policy.   REPLACEMENT POLICY DEFINED: ITS RELEVANCE […]

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Enhancing the Performance of your Haulage Business (Concluding Part)

Fleet Synergy

SKILLED AND HIGHLY EFFICIENT WORKFORCE The employees of all businesses not excluding those operating in the haulage services industry play vital and indisputable important roles in the delivery of the goals and ideals of the business. They constitute the main asset and therefore investing in creating capacity through appropriate training and skill development programmes which will facilitate an improvement in […]

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