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Fleet Financials – Issue

May 2009

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Fleet Executive Helps Streamline Uniform and Career Apparel Fleet
By Cheryl Knight

Satish Natarajan, senior director of Fleet Operations for ARAMARK Uniform and Career Apparel, is Fleet Financials’ 2009 Fleet Executive of the Year. Natarajan’s leadership helped his company better leverage people, processes, and technology.

Features

Fleet Executives & Managers Partner to Control Costs and Productivity Wayne Smolda (right), CEO of The CEI Group, presents the 2009 Fleet Executive of the Year trophy to Satish Natarajan, senior director of fleet operations for ARAMARK Uniform and Office Apparel. CEI is a sponsor of the annual award, this year presented April 26 at the NAFA I&E in New Orleans.

Wayne Smolda (right), CEO of The CEI Group, presents the 2009 Fleet Executive of the Year trophy to Satish Natarajan, senior director of fleet operations for ARAMARK Uniform and Office Apparel. CEI is a sponsor of the annual award, this year presented April 26 at the NAFA I&E in New Orleans.

By Cheryl Knight

According to Wayne Smolda of The CEI Group, fleet executives continue to help mentor and guide fleet managers, promoting policy streamlining and strategic initiatives.

Evaluating RFPs: Choosing the Best Supplier

By Staff

Effective use of a formal request for proposal (RFP) can help fleet managers ensure they’ll select the best supplier. The process begins before the RFP is even sent out.

7 Questions to Ask Before Issuing an RFP

By Staff

Going out to bid for fleet services isn’t an end unto itself; nor is it a process to just “see what’s out there.” Don’t waste your or a supplier’s time. Ask these key questions before sending out an RFP.

5 Common Mistakes in Negotiating a Fleet Lease Agreement

By Staff

Fleet managers are wise to read the entire lease agreement and familiarize themselves with the terms and conditions under which they will be doing business. For it is the business side that impacts the fleet manager most.

Fleet Management: Stepping Stone to Career Advancement

By Staff

Few management positions are better suited to moving up the career ladder. Fleet management contains all the key elements of responsibility and experience the company looks for in an up-and-coming manager.

2009 Volvo XC90 Offers Exec-Level Features

By Grace Lauron

Staying true to the Volvo brand’s reputation, the XC90 provides safety, durability, and functionality in a comfortable, refined package.

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Migration to 4-Cylinder Engines Continues with 2010-MY Ordering

By Mike Antich
The ongoing volatility of gasoline prices has prompted a growing number of fleets to transition to four-cylinder engines. This transition started in the 2008-MY and accelerated with 2009-MY ordering, when gas prices surpassed $4 per gallon in the summer of 2008. Early indications are that the migration to four-cylinder engines will continue with 2010-MY ordering. We have already seen glimpses of this trend in the 2010 RFPs submitted to major OEMs.

Does LIBOR Still Correlate to Corporate Borrowing?

By Mike Antich
LIBOR was developed in 1984 as a measure of the real rate at which banks lend money to each other. Since the early 1990s, LIBOR has been used as a funding index for fleet leases. However, when the recent turmoil in the financial markets prompted governments to "backstop" bank borrowing, the cost of lending money began to represent a government-guaranteed rate, which no longer correlated to fleet lessor costs.

Commercial Fleets Reveal 2010-MY Buying Intentions

By Mike Antich

Sluggish Economy Continues to Dampen Resale Values for Medium-Duty Trucks

By Mike Antich

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Auto Fleet - February 2009

In This Issue:
How Can Telematics Help your Fleet?, Fleet Management Companies Offer Green Initiative Programs, “RydeGreen’ Hybrid Trucks Maximize Fuel & Minimize Costs and much more…