What does vehicle TCO mean?

[GenevieveFitz]

TCO stands for "Total-Cost-of-Ownership", which in the logistics industry mainly refers to the total expenses from truck purchase to later usage and maintenance. Here's an introduction about TCO: 1. Expenses: Vehicle operating costs constitute the largest part of TCO. The key to reducing expenses lies in fuel efficiency. It's not recommended to take county or rural roads to save on toll fees as it's both slower and less safe. 2. Various costs involved: Variable costs that can be improved, such as fuel and maintenance; relatively fixed costs, such as vehicle purchase price, insurance, and toll fees. 3. Approaches to reduce TCO expenses: One is to optimize fuel and maintenance costs to save money, the other is to improve attendance rate to dilute relatively fixed costs.