ExxonMobil has published a free guide to total cost of ownership (TCO), after a survey of European fleet managers found 40% of those polled cited continued challenging economic conditions and volatile markets as their biggest business challenges.
This, according to ExxonMobil, makes understanding and minimising the TCO of a truck fleet even more important as competition for available business is likely to keep rates low in the current climate.
However, calculating the true TCO of different vehicles can be a complicated task. So ExxonMobil has produced the definitive guide to TCO, from how to calculate and measure it to the steps operators can take to reduce it, including the use of high performance lubricants.
To launch this invaluable aid to keeping a lid on costs, ExxonMobil in association with CM sister title Motor Transport held a webinar on the subject of TCO.
The panel included James Hookham, deputy chief executive of the FTA, who has contributed to the guide, ExxonMobil CVL marketing advisor Guillaume Malandain and Volvo key account manager Scott Sandford.
To listen to the webinar and download the guide go to the ExxonMobil website.