MANAGING 10-50 COMPANY VEHICLES
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Fleet Management

Using Performance-Based Incentives to Optimize the Cost-Effectiveness of Fleet Operations

A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.

How to Avoid Over- and Under-Spec'ing Pitfalls

Spec’ing a medium-duty truck is a complicated process that requires hundreds of decisions and choices, with each potentially impacting another. It is a science to achieve the balance between over-spec’ing and under-spec’ing a truck.

Why are Fleet Metrics Important?

Establishing adequate fleet reports based on your fleet’s metrics could prevent costly circumstances. Reports look at various data points, including downtime, maintenance costs, driver behavior, and fuel consumption.

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.