It is common knowledge that if you want to manage a private fleet for your company, it will cost you a lot of time and money. This does not mean the process does not have any misgivings and misconceptions that come with doing this on your own as a company. There is also a lot of misinformation that is going around about how if your company supplements to its private fleet or replaces it with a dedicated carrier will damage your business. It could actually come with a lot of benefits and help your business thrive.
Myth 1: A Private Fleet Guarantees CapacityThe first myth involves around the capacity that comes with a private fleet. Having a private fleet does not mean it has the capacity you need for your processes. The capacity of a private fleet is fixed. On the other hand though, a dedicated carrier can be adjusted and can flex as per your requirements to accommodate any and all unexpected surges and rapid growth in demand.
Myth 2: Private Fleets Outperform For-Hire CarriersThe second myth is about the performance level of private fleets. It is automatically assumed that just because it is private, the private fleets will have a better performance level when compared to for-hire carriers. Dedicated drivers usually have more experience and better home time than private fleets. They also receive incentives based on their performance, which means they will want to perform better and do so more consistently.
Myth 3: Owned Assets Cost Less in the Long RunOwning a private fleet is not a cheap affair. They come with their own constant monitoring and upkeep as well as the fuel and compensation costs.
Myth 4: We Can Manage Just Fine On Our OwnThere are a lot of complexities when it comes to the transportation landscape, which requires a team of both experienced as well as specialized experts, which usually means that for-hire carriers will be more adept that private fleets.
Myth 5: If It’s Not Broke It Does Not Need FixingWhen you employ for-hire carriers, they come with dedicated providers who work on actively optimizing their supply chains so that they can reduce costs and improve the overall performance.
- Owning a private fleet may not necessarily be the best option for your company
- There are a lot of misconceptions about getting for-hire carriers, which are unfounded
- One should consider all the benefits that come with for-hire carriers before investing in a private fleet