Tag: Fleet Expansion

Fleet Expansion refers to the process of increasing the number or capacity of vehicles or vessels within a fleet, which can include aircraft, ships, trucks, or other forms of transportation. This process is often undertaken by companies in logistics, shipping, airline industries, and public transportation services to enhance operational efficiency and meet growing demand. Fleet expansion can involve acquiring new vehicles, upgrading existing ones, or both, and is typically part of a strategic plan to improve service delivery, expand geographical reach, or enhance competitive advantage. Factors influencing fleet expansion decisions may include market trends, economic conditions, regulatory requirements, and technological advancements.