In any industry, especially transportation, it is essential for the owner of a business to understand how much it costs per mile to operate his vehicle, trucks or fleet. The formula looks simple and in reality it is; but you must understand the underlying elements to truly appreciate and comprehend the calculation.
With business, maintenance is a term used to refer to the cost related to maintaining or updating equipment in a company. The most common asset that requires regular maintenance are vehicles and work trucks. In addition, office and plant equipment require regular and long term forms of maintenance to keep them operating at peak efficiency.