Definition, Meaning & Synonyms

fleet-rate

noun

/fliːt reɪt/

Definition

A fleet-rate is a price or cost associated with leasing or operating a fleet of vehicles, typically in the context of commercial transportation or logistics.

Examples

The fleet-rate offered by the rental company made it more economical for the logistics firm to transport goods across the country.
Due to the fleet-rate agreement, the organization could maintain a consistent delivery schedule without overspending on vehicle rentals.

Meaning

It refers to the financial terms applied when a company rents or uses multiple vehicles together as a single group, often at a discounted rate compared to individual vehicle rentals.