Challenges to Private Transport Fleet Management

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PRIVATE TRANSPORT FLEET MANAGEMENT Table of Contents Introduction 2 Increase in demand of private transportation 3 Current trends in private fleet market 3 Best practices in private fleet business 7 Conclusion 8 References 9 Introduction Private carriage is an important part of the U.S economy and world over as well. The development of private fleets became pervasive after World War I when governments, local, state, and federal, developed highways. It is an important complex task to operate private fleets whereby significant pressures related to cost and maintenance remains pervasive in the industry. Along with industry related challenges, there are several factors related to compliance, safety, and accountability (CSA) enforcement that private fleet owners have to consider. The transportation system world over and specifically in the U.S is not complete until private fleet is not accounted for. The U.S has one the largest private fleet companies in the world. Until 1990s, 50% of all domestic trucking in the U.S was accomplished by the private fleets (Maltz, 1993). Usually the private transport carriers are vertically integrated firms that use transportation transport hires the rental services from private transport carriers. The logistics management journal estimated the private fleet market to be $280 billion market. Trucking industry is a major industry that is served by the private fleets. Up to 38% of the $563 billion trucking industry is served

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