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Business Fleet – Market Trends

Increased Fleet Efficiency Makes Reimbursement a More Expensive Option

The relentless demand by management to reduce costs year-over-year is producing extremely cost-efficient fleets. The best example is the trend by some fleets to shift drivers from allowance or reimbursement programs to the company-provided vehicle program. For these companies, they are finding that it is less expensive to have an employee participate in the company car program than providing a driver allowance. READ MORE

The ‘Perfect Storm’ in Rail Congestion Turns Fleet into Collateral Damage

Fleet order-to-delivery (OTD) has been brutal this model-year due to severe weather conditions, which exacerbated rail congestion, creating huge backlogs of vehicles needing to be shipped. However, some are beginning to believe the rail congestion experienced this winter is more of a symptom of a systemic infrastructure weakness and not solely the consequence of severe weather. Here's why they think so. READ MORE

How to Spec Trucks to Optimize Productivity

The best way to optimize truck productivity is to spec the right vehicle for the fleet application. This may sound like I am stating the obvious, but, as many truck professionals will attest, it is often not the case. While fleet managers understand how their trucks are intended to be used in the field, intended usage often does not match real-world usage. READ MORE

Debunking the Defeatist Mindset Toward Fleet Sustainability

Many fleet managers know they should be doing something to “green” their fleet, but they do nothing, rationalizing (and justifying) their inaction due to budget constraints or lack of management support. To me, this is a self-fulfilling mindset that guarantees your fleet will remain in a status quo situation. Fleet managers need to break free from this defeatist mindset and here's how to do it. READ MORE

Fleet Management Circa 2025

How will fleet management change in the next 10 years? I foresee three transformational forces that will sweep through our industry and redirect its long-term direction. READ MORE

Is Your Executive Fleet a Headache? Count Your Blessings

There’s no other way to say it, except bluntly: Managing an executive fleet is a headache. I am not going to say otherwise. But, if it is one of your job responsibilities, consider yourself luckier than others. Managing an executive fleet puts you in front of senior management and gives you an opportunity to showcase your value to the company. Here's how you can leverage this to your maximum benefit. READ MORE

The Curse of Running a Well-Managed Fleet

A fleet manager’s capabilities and expertise can be easily overlooked by executive management, especially when a fleet is well run. When fleet runs smoothly, it tends not to be on the radar of senior management, who, often, are not aware of the required behind-the-scenes expertise. However, the biggest curse to running a well-run fleet is that it sometimes breeds complacency. Here's how to avoid it. READ MORE

OTD Concerns Due to Surge of Oil Shipped by Rail

The railroad industry is the primary long-distance shipper of automobiles from assembly plants to dealers, which represents almost 9 percent of total rail freight. However, the auto industry is not the only railroad customer, and it competes with other shippers for scarce rail resources. Such is the case with petroleum companies shipping crude oil by rail, which is putting heavy demand on finite rail resources. What impact will this have on fleet OTD? READ MORE

Using Service Vehicles as Employee Recruiting, Retention Tools

Traditionally, executive and sales vehicles have been used by corporations as an employee recruitment and retention tool. Could service vehicles be used the same way? For example, could the type of service vehicles you have in operation also be used to lure qualified employees or retain current employees? I believe they can, if marketed correctly. READ MORE

Using ‘Gainsharing’ to Achieve Sustainability Goals

When it comes to meeting corporate sustainability objectives, wouldn’t it be nice to get everyone in your company fully committed to achieving these targets? Experience has shown that sustainability programs work best when drivers view themselves as stakeholders in the program. But, how can you change the drivers’ mindset so they view themselves as stakeholders? A proven way is to use “gainsharing.” READ MORE

10 Universal Mega Trends Impacting Global Fleets

There are dramatic differences between regional fleet markets around the globe. Yet, despite these differences, there are also many similarities. Many of the challenges facing fleet managers are identical to the challenges facing their counterparts elsewhere in the world. Oftentimes, fleet best practices in addressing these challenges emerge from outside your local market, which is good reason to be familiar with what’s occurring elsewhere in the world. Here are the top 10 universal mega trends. READ MORE

The Migration of U.S. Fleet Management to the European Fleet Model

Could the U.S. fleet market of the future evolve in the same direction as the European fleet market? The key factor driving the European fleet market from the 1960s to present has been a high taxation environment. There are many indicators that point to the U.S. entering a new era of very high taxation. Could the same future unfold for the U.S. fleet market as it did in Europe? In my mind, this is not a far-fetched scenario. READ MORE

How to Avoid HR Headaches When Confronting Employees Who Abuse Company Vehicles

If an employee threw trash all over the office floor, scratched the paint off the walls, broke the light bulbs, left holes and dents in the walls, and skipped routine maintenance on the copier until it overheated and broke, no manager would tolerate this abuse. Yet, that is exactly what some fleet managers do tolerate when drivers abuse their company-provided vehicles. READ MORE

Year-over-year increases in off-lease vehicles will exert downward pressure on resale prices. Source: J.D. Power & Manheim Consulting

Remarketing Déjà Vu: Will the Resale Market of 2016 be a Repeat of 2002?

Many of the dynamics in today’s market are eerily familiar to the resale value softness that occurred in the last decade, which ultimately peaked in 2002. At that time, year-over-year increases of off-lease vehicles entering the wholesale market exerted downward pressure on resale prices. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016. What are you doing to prepare for these different market dynamics? READ MORE

Extending Vehicle Service Life Negatively Impacts Sustainability Goals

The long-term trend in vehicle cycling for commercial fleets has been a gradual increase in vehicle service lives. An increasing number of companies cut costs by extending vehicle replacement cycles so cash flow can be diverted to other expenditures. When extending vehicle cycles, the most significant (and uncertain) expense is the impact on the maintenance budget. Another argument against extended replacement cycling, albeit less vocalized, is the impact on corporate sustainability. READ MORE

Component Theft and Vandalism: A Growing Expense for Truck Fleet Managers

Protecting vehicle assets from vandalism and theft is a growing problem for many fleets.Industrywide, these thefts run the gamut from catalytic converters, tailgates, and spare tires, all the way to the vehicle itself. As fuel prices increase, fuel theft becomes more common, especially fuel siphoning. Trucks parked overnight are found the next day with holes in the fuel tanks to steal the drained fuel. Here's what companies need to do to secure unattended vehicles. READ MORE

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

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Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

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Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

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Occurs when a company is held negligent in accidents involving company vehicles.

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Author Bio

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Mike Antich

Editor and Associate Publisher

Mike has covered fleet management and remarketing for more than 20 years and entered the Fleet Hall of Fame in 2010.

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