It’s crucial for your business to understand how much it costs to keep your semi trucks in good shape. Handling maintenance doesn’t have to be difficult. You can avoid unplanned costs and operate your trucks properly with the right information and planning.
In this guide, we’ll discuss typical maintenance costs for semi trucks and offer some tips for minimizing these costs. Whether you’re well-versed in running a fleet or just starting, understanding these costs is key to keeping your trucks in top shape and making your business successful.
For safety and compliance with all requirements, your trucks must undergo routine inspections by the Department of Transportation (DOT). For your semi trucks to continue running safely and effectively, your own inspections should be done regularly to identify issues that need to be rectified immediately.
Fuel is the largest expense for any trucking business. Although you can cut this expense by using fuel effectively and taking actions requiring less fuel, it still counts for a considerable portion of your budget.
Regular upkeep and sudden fixes are bound to happen. This covers maintenance tasks such as oil changes, coolant refills, wheel rotations, brake system inspections, and handling more significant mechanical issues. Regular maintenance prevents more expensive repairs from happening later on or simply reduces downtime.
For truck owners who run their own businesses or have a small group of trucks, finding goods to transport costs money. This includes paying for services that show available load jobs, fees to brokers who help find work, and the time spent discussing contracts. It may not be as obvious as fuel or repair costs, but it still has an impact on the overall revenue of your trucking company.
To drive lawfully, you might also need certain permissions along with your current licenses and documentation based on what your trucks carry and where you drive. You should include these expenses in your budget because they may vary from year to year.
Sometimes, things go wrong, such as accidents or breakdowns, which can be expensive. It’s essential to have extra money set aside for unexpected occurrences. This keeps everything operating efficiently without interfering with your financial plans.
Variable costs include parking fees, tolls, and repairing worn-out components like alternators, brakes, and hoses. You must monitor these costs to ensure that your financial records are correct and that you’re applying good money management practices.
Maintenance Cost Per Mile= Total Maintenance Costs ÷Total Miles Driven
For example, assume that regular inspections, repairs, and tire care for a heavy-duty truck with 100,000 miles on it per year cost $15,000. To calculate the maintenance cost per mile, divide the total expense by the total number of miles driven:
$15,000 ÷ 100,000 miles = $0.15 per mile
Some key numbers to consider:
A semi truck‘s routine maintenance usually consists of replacing the oil and air filters, inspecting the brakes, checking and rotating the tires, testing all the fluids, and ensuring the electrical and lighting systems are functioning properly. Regular completion of these activities keeps the truck in good operating order and helps avoid major issues down the road.
Profitability depends on several factors, including the cost of the truck, maintenance expenses, fuel costs, and the rate you’re able to charge for hauling freight. On average, owning a semi-truck can be quite profitable, with net incomes ranging after expenses from $40,000 to $50,000 per year, but this can vary widely.
The brand and model of a semi-truck might affect the expense of maintaining it in excellent condition. Generally, trucks with a reputation for dependability and easy access to parts, such as Freightliner and Peterbilt models, may require less maintenance. It’s crucial to do regular checks and drive carefully in order to reduce annual maintenance costs.
Do regular checkups and preventative maintenance to avoid major repairs later. Teach your truck drivers to use trucks carefully. You can purchase new trucks that use less fuel and break down less. Keep records to identify and fix problems promptly. Additionally, you can reduce the cost of maintenance per mile by designing more efficient routes to prevent driving excess miles.
Creating a monthly budget for taking care of your semi trucks is important. It helps you plan your finances well and ensures your trucks last longer. Start with a moderate monthly maintenance budget of $1,000 to $1,500 per truck.
However, you may need to adjust it for additional expenses and other operating costs. If you know all the expenses associated with driving your semi trucks, such as insurance costs, fuel costs, labor costs, and unforeseen maintenance, you’ll find it easier to establish a driving budget.
Keeping your fleet operations running smoothly doesn’t have to be a financial burden. With a strategic approach to maintenance, you can significantly cut costs and boost your fleet’s efficiency.
Our fleet maintenance services are designed to extend the lifespan of your trucks. This will enhance their performance and ultimately improve your bottom line.
We’ll help you handle the tricky task of fleet maintenance. So that you can concentrate on managing your business. So why not contact us today?
HOLT Truck Centers is the authorized International and Idealease dealer in Oklahoma, North Texas, and East Texas. Additionally, HOLT Truck Centers has dedicated truck engine service bays throughout its full-service facilities, with the necessary components to provide bumper-to-bumper diagnostics, maintenance, and emergency service, including brakes, drivelines and transmissions for all makes and models of on-highway trucks, RVs, and busses.
With a large selection of new and used on highway trucks, trailers and specialty equipment, HOLT Truck Centers has the inventory to meet your needs. Other manufacturers available at HOLT Truck Centers include IC Bus, Isuzu commercial trucks, Ottawa, XL Specialized, Battle Motors, Load King, and HI-VAC specialty vehicles. HOLT Truck Centers has 15 locations throughout Texas and Oklahoma.
HOLT Truck Centers is a HOLT Group operating company. For more information, visit HoltTruckCenters.com or HoltGrp.com.
HOLT Group, headquartered in San Antonio, Texas, is a values-based, family-owned company serving the industrial world. HOLT Group is led by a people-first approach that embraces a Values-Based Leadership model to shape its company culture and operating philosophy. This leadership style made the Holt name synonymous with innovation, quality, integrity, and legendary customer service. The heritage of HOLT Group dates back to 1933 when William K Holt Machinery Co. was founded by the Holt family as the authorized Caterpillar equipment dealer in South Texas. The company was renamed HOLT CAT, and it has grown to be the largest Cat equipment dealership in the United States.
HOLT Group operates in numerous market sectors to include industrial, commercial, energy, technology, and training and development through its operating companies: HOLT CAT®, Texas First Rentals®, HOLT Truck Centers, HOLT Crane & Equipment®, HOLT Industrial Rentals, HOLT Industrial Systems, HOLT Manufacturing, HOLT Renewables, HOLT Aerial, SITECH Tejas, and Epiphany Industrial Technologies.
For more information, visit HoltGrp.com.
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