Fleet Utilization

Fleet utilization refers to how effectively a company's vehicles or equipment are being used to maximize productivity and reduce costs. It measures the percentage of time these assets are operational compared to the total available time. High fleet utilization means vehicles are used frequently, minimizing idle time and maximizing revenue potential. Conversely, low utilization indicates inefficiencies, such as vehicles sitting unused, which can lead to waste in maintenance and operational expenses. Businesses track fleet utilization to optimize their operations, ensuring they have the right amount of resources available to meet demand.