May 2008 – Miner’s proven 4-Step Process yields one of the nation’s leading providers of consumer electronics significant cost savings for their aging stock picker fleet. The savings totaled over $500,000 dollars in 2007 over the previous year.

According to Miner’s President, Jeff Schmeck, “Our team’s focus on providing the lowest cost of equipment ownership has allowed us to reduce operating costs for this Fortune 500 Company for the fourth year in a row. By truly partnering with our customers, we are able to see remarkable results.”

This Fortune 500 Company’s results are truly noteworthy when you consider that 80% of the fleet’s 809 units are eight or more years old. The average hourly cost to operate a unit in this fleet is under $3.00 per hour, including damage and abuse. Comparatively, a new unit costs $3.77 per hour to operate (excluding damage and abuse) according to LD Bailey and Associates, a respected industry source.  

Damage and abuse can easily account for an additional 20% of the unit’s operating costs, bringing the total hourly costs to operate a new unit to $4.52. Miner’s 4-Step process (http://www.minercorp.com/solutions/fortune1000) has reduced the anticipated hourly operating costs by $1.50 per hour for this retailer.  

“We’re proud of the fact that we can consistently provide cost savings by working with manufacturers, our service provider network, and store personnel to ensure the lowest total cost of equipment ownership for our customers,” commented Rick Upton, Vice President of Operations for Miner Fleet Management Group.