Solera Holdings, LLC released its latest research that reinforces European fleet managers are facing an unprecedented winter of high fuel costs, driver shortages, and continuing fears of a global recession that is likely to make 2023 one of their most challenging years to date.
The study reveals leaders across Europe are turning to technology to address these conditions, improve overall growth, as well as enhance driver experience and safety.
Fuel costs are the number one challenge fleet leaders are worried about heading into 2023 (59%), rising to 66% of last-mile fleets, where fuel represents a much bigger proportion of overall costs. This is because over half of fleets (76%) say their fuel costs have increased in the past six months, with oil prices set to rise even higher next year.
