Managing the Financial Side of Commercial Fleets

Fleet Financials - Current Articles

1  -  50  of  356

September 2017, Fleet Financials - Cover Story

Hidden Liability Exposure of Personal-Use Vehicles

Photo courtesy of Getty Images.

By Andy Lundin

Fleets that are looking to create a solid safety policy should also consider implementing policies that support aspects of personal use.

Tags: Personal Use, Insurance, Safety, Distracted Driving

September 2017, Fleet Financials - Feature

How to Optimize Your Fleet Size

Photo courtesy of Getty Images.

By Tim C. King

It’s more than costs and numbers. Analyses often focus solely on utilization. This inherently limits savings opportunities and also overlooks associated critical best practices.

Tags: Procurement, Lifecycle Costs

September 2017, Fleet Financials - Feature

Improving Fleet Operations Through Risk Management

Photo courtesy of Getty Images.

By Bob Stanton

Taking a holistic approach to safety can yield positive results for fleets. Through a multi-step program, fleets can target specific areas of their operations to reduce risk for their drivers and reduce certain operational costs.

Tags: MVRs, Driver Training, Safety, Risk Management, Telematics

September 2017, Fleet Financials - Feature

Optimizing Fleet Management Through Telematics

Graphic courtesy of Getty Images.

By Eric Gandarilla

The era of fleet management prior to telematics has been described as the art of managing in the dark. The implementation of telematics into a fleet can help shine a light through that darkness through operational improvements.

Tags: Telematics, Geotab, Vehicle Tracking, Azuga

August 2017, Fleet Financials - Feature

Fleet Managers List Top Concerns About Drivers

Photo courtesy of Pixabay.

By Andy Lundin

Some commercial fleet drivers aren’t properly caring for their vehicles, nor are they driving safely, which can raise operating costs and increase risk, fleet managers have told Fleet Financials.

Tags: Drivers, Safety, Preventive Maintenance, Weatherford, Driver Behavior, Risk Management

July 2017, Fleet Financials - Feature

2017 Fleet Executive of the Year Award Nominees

File photo

By Staff

The annual award recognizes exceptional leadership by those in the industry who hold the title of vice president or higher and/or have other responsibilities beyond fleet. Four fleet executives have been nominated to receive the award later this year, which is sponsored exclusively by The CEI Group.

Tags: Fleet Financials, Fleet Executive of the Year, CEI Group, Awards, Fleet Executives

July 2017, Fleet Financials - Feature

Luxury Wholesale Prices Fall in an Overcrowded Market

Data courtesy of Black Book.

By Eric Gandarilla

As manufacturers continue to release new vehicles into the luxury segment, the number of vehicles in the segment has grown. This along with overproduction and higher incentives has led to higher depreciation rates for the segment.

Tags: Black Book, Luxury Vehicles, Used Vehicle Values, Remarketing

July 2017, Fleet Financials - Feature

Ways to Reduce Preventable Accidents

Photo courtesy of Getty Images.

By Andy Lundin

While having a robust fleet safety policy will help prevent accidents from occurring for fleets, technologies, such as telematics, can help also greatly curb preventable accidents.

Tags: Driver Training, Accidents, Safety, Fleet Safety Program, Accident Management, Drivers, Fleet Policies, National Safety Council

July 2017, Fleet Financials - Feature

How to Survive Interdepartmental Politics

Photo courtesy of Getty Images.

By Tim King

A fleet manager interacts with a multitude of internal corporate supporting functions. With all of these interdepartmental requirements, how can you successfully navigate the inevitable conflicting priorities?

Tags: Drivers, Customer Service, Customer Satisfaction, Fleet Executives, How-to Guides

July 2017, Fleet Financials - Cover Story

Identifying the Right Funding Options for Your Fleet

Photo courtesy of Getty Images.

By Bob Cavalli

Good times, tough times, no matter what the economy brings, when you replace vehicles, somebody must get paid. There are a variety of funding options available to fleets; here are some of them, and how to find the right one.

Tags: leasing, Vehicle Purchasing, Open-End Leases, Closed-End Leases, Financing, Procurement, How-to Guides

May 2017, Fleet Financials - Feature

Types of Driver Reimbursement

Photo courtesy of pixabay.com

By Andy Lundin

There are four types of driver reimbursement models: IRS business mileage reimbursement rate, a fixed allowance, the Fixed and Variable Reimbursement Rate (FAVR), and a hybrid model that uses the FAVR guidelines but delivers the driver payment in a cents-per-mile model.

Tags: Reimbursement, Liability, IRS, MVRs

May 2017, Fleet Financials - Feature

Green Commuter Offers Tesla SUVs to Vanpool Users

Photo of Tesla Model X SUV courtesy of Green Commuter.

By Eric Gandarilla

Through its proprietary technology, Green Commuter is giving its van pool users the ability to rent out their vehicles to neighboring companies that want to supplement their fleets with an additional vehicle during the day.

Tags: Battery-Electric Vehicles, Tesla Model X, Carpooling, Mobility, Mobile Apps

May 2017, Fleet Financials - Feature

The State of Executive Fleet Programs

Graphic courtesy of Getty Images.

By Eric Gandarilla

Recent years have shown that companies still favor executive fleet programs as a way to attract and retain top talent. However, there are also some factors that are driving executive fleet sizes down for some companies.

Tags: Executive Vehicles, TCO, Autonomous Vehicles

May 2017, Fleet Financials - Feature

Red Hawk Fire & Security Bolsters its Safety Program

Photo of Red Hawk Fire & Security fleet vehicle courtesy of ARI.

By Andy Lundin

Driver training modules and a scorecard program helped curb the fleet’s safety concerns.

Tags: Liability, Fleet Management Software, ARI, Safety

May 2017, Fleet Financials - Feature

Driver Reimbursement Perks and Pitfalls

Photo courtesy of Getty Images.

By Andy Lundin

While fleets typically gravitate toward company provided models, there are legitimate reasons they might want to consider utilizing a reimbursement program. However, there are a number of caveats fleets should consider.

Tags: Reimbursement, IRS, Liability, MVRs

May 2017, Fleet Financials - Cover Story

Ways to Reduce Fleet Fuel Costs

Photo courtesy of Getty Images.

By Eric Gandarilla

Even with the current low cost of fuel, fuel continues to account for a large percentage of a fleet’s operating budget. Today, there are a number of strategies companies can implement to reduce the amount of money spent on fuel.

Tags: Fuel Cards, Fuel Management, Alternative Fuels, Rightsizing, Fuel, Telematics, Drivers

March 2017, Fleet Financials - Feature

Will Commercial Fleets Embrace Autonomous Vehicles?

Photo courtesy of Waymo.

By Andy Lundin

The safety and productivity gains of autonomous vehicles are appealing, but fleet management companies don't expect fleets to become early adopters of the technology.

Tags: Autonomous Vehicles, Fully Autonomous, Fleet Management Companies

March 2017, Fleet Financials - Cover Story

Best Practices of an Accident Management Program

Photo courtesy of istockphoto.com

By Andy Lundin

Fleets should look for a program that is transparent in what it has to offer.

Tags: Telematics, Accident Management, Safety, Collision Repair, Fleet Management Companies

March 2017, Fleet Financials - Feature

How to Avoid Becoming a Prisoner of ‘Legacy Behavior’

Photo courtesy of istockphoto.com

By Bob Cavalli

“But it works; it’s always worked!” Everyone, at times, becomes a slave to what has worked in the past. That’s how we’ve always done it, we say. But in a rapidly changing fleet world, legacy behavior isn’t always the best way

Tags: Maintenance, Vehicle Replacement, Carsharing, Lyft, Uber

March 2017, Fleet Financials - Feature

How to Stretch Your Fleet Dollars

Photo courtesy of istockphoto.com

By Tim C. King

What can a commercial fleet manager do to get the biggest bang from the finite dollars in an annual fleet budget? What practices or initiatives can be implemented to minimize waste or leverage programs to gain greater efficiencies?

Tags: Asset Management, Fleet Budget, Customer Satisfaction, Efficiency

March 2017, Fleet Financials - Feature

How to Deal With Arbitrary Management Edicts

Photo courtesy of istockphoto.com.

By Bob Cavalli

Fleet managers often must deal with a number of so-called “vehicle experts” within the company, sometimes including those who hold senior management positions. Here’s how to deal with the unrealistic ideas they propose.

Tags: Reimbursement, Cost-Cutting, Safety

January 2017, Fleet Financials - Feature

Balancing Cost Reduction with Productivity Gains

Data captured from telematics devices and other sources can help fleet managers find areas for cost savings beyond the “low-hanging” fruit. Photo: iStock

By Bob Cavalli

Reduce costs? “Why, that will hurt productivity.” Increase Productivity? “That costs money.” Is this true? Here’s how fleet managers can achieve a Zen-like balance between cost reduction and increased productivity.

Tags: Telematics, Productivity, Cost Reduction

January 2017, Fleet Financials - Feature

How Fleets Can Minimize Liability Exposure

Photo courtesy of istockphoto.com

By Andy Lundin

The best practices to limiting liability exposure begins with a good driver screening process and continues all the way to how drivers handle themselves in the event of an accident.

Tags: Liability, Fleet Safety Program, Insurance

January 2017, Fleet Financials - Cover Story

How to Measure Fleet Effectiveness

Photo courtesy of istockphoto.com

By Chris Wolski

Fleet audits or benchmarking can give a clear picture of what a fleet operation is doing well while identifying areas where improvements can be made. The key to success is good data.

Tags: Benchmarking, Audits, Data

January 2017, Fleet Financials - Feature

How to Use the RFP Process to Select the Right Supplier

Graphic courtesy of istockphoto.com.

By Chris Wolski

By planning ahead and having a strong vision of its goals, a fleet can use the request for proposal process as a way to enhance operational effectiveness out of the box.

Tags: Suppliers, Mondelez, Safelite, RFPs

January 2017, Fleet Financials - Feature

Turning Saved Pennies Into Saved Dollars

Photo courtesy of istockphoto.com

By Bob Cavalli

It has been said that a fleet manager’s cost-saving focus should be on the two largest expense categories: depreciation and fuel. But once that has been done, where does a fleet manager look for additional cost reductions?

Tags: Idling, Cost-Cutting, Oil Change, Tire Inflation, Fleet Safety Program

November 2016, Fleet Financials - Feature

How to Improve Your Fleet Safety Program

Photo courtesy of iStockphoto.com.

By Andy Lundin

Consistency and company-wide buy-in of the program will help support the foundations that are put into place.

Tags: Active Safety Systems, Driver Training, MVRs, Fleet Safety Program

November 2016, Fleet Financials - Feature

Cost of Flat Tire to a Fleet Detailed

Photo courtesy of iStockphoto.com.

By Andy Lundin

Fleet Financials’ inaugural tire survey asked fleet managers how much flat tires deflated the bottom line. The answers provided an in-depth look at a perennial challenge.

Tags: Tires, Tire Inflation, Maintenance Costs, AAA

November 2016, Fleet Financials - Cover Story

Meet the 2016 Fleet Executive of the Year

Photo courtesy of Jake Dean

By Chris Wolski

Dean Foods’ vice president of transportation has modernized the milk products fleet by improving safety, increasing efficiency, and adding alternative-fuel vehicles.

Tags: Fleet Executive of the Year, AFLA, Awards, CEI Group

November 2016, Fleet Financials - Feature

How to Reduce Vendor Fees and TCO

Photo courtesy of iStockphoto.com.

By Bob Cavalli

Although total cost of ownership is usually thought of in terms of fixed and variable vehicle expenses, vendor fees play a role as well. Here are some strategies fleet managers can use to reduce both.

Tags: Maintenance, Accident Management, Fleet Card, TCO, Fleet Management Companies, Operating Costs

November 2016, Fleet Financials - Editorial

Exciting Advances in Driver Risk Assessment Are Now Available

Smolda

By Wayne Smolda

New tools are available that can help fleets more closely monitor fleet driver behavior, better identify high-risk drivers, and improve the bottom line.

Tags: CEI Group, MVRs, Predictive Analytics, Risk Management, Driver Behavior

September 2016, Fleet Financials - Feature

3 Calculations to Determine Personal Use Charges

Photo courtesy of istockphoto.com

By Fleet Financials

It’s every fleet manager’s responsibility to develop a fair, equitable, but proper personal use charge policy. There are a number of ways to do so to make certain that both the driver and the company are treated fairly.

Tags: Personal Use, IRS, Taxes

September 2016, Fleet Financials - Feature

Putting the Brakes on Poor Mileage Reporting

Photo courtesy of iStockphoto.com.

By Craig Powell

While expense fraud related to mileage is often unintentional, whether it’s deliberate or not it can cost companies with fleets millions of dollars in overpayments. The good news is there are simple ways to combat it.

Tags: Mileage Reports, Fraud, IRS, Regulations, Taxation, Reimbursement

September 2016, Fleet Financials - Cover Story

Meeting the Challenge of Depreciation

Photo courtesy of Blake Bobit.

By Chris Wolski

While depreciation is the biggest fleet expense, there are steps fleet managers can take before purchasing a vehicle, while it’s in the fleet, and when it’s being remarketed that can make this expense manageable.

Tags: Depreciation, Vehicle Purchasing, Open-End Leases, Procurement

July 2016, Fleet Financials - Feature

Ergonomic Do’s and Don’ts of Cargo Handling

Graphic showing the proper positioning to handle cargo and equipment courtesy of DECKED.

By Andy Lundin

Improper lifting, pushing, pulling, holding, carrying, or throwing is the leading cause of workplace injury. There are steps fleets can take to improve workplace ergonomics.

Tags: Ergonomics, Decked, Cargo Management, Payload

July 2016, Fleet Financials - Feature

2016 Fleet Executive of the Year Nominees Announced

File Photo

By Staff

Four fleet executives have been nominated for the award that recognizes exceptional leadership. The CEI Group-sponsored award will be presented at the 2016 AFLA Conference in San Diego in September.

Tags: Fleet Financials, Fleet Executive of the Year, Fleet Executives, Awards, CEI Group

July 2016, Fleet Financials - Cover Story

How to Leverage Fleet Vehicle Purchases

Graphic courtesy of iStockphoto.com.

By Chris Wolski

Purchasing vehicles is among the most crucial and complex functions of a fleet manager. There are a number of ways that fleets can leverage their purchasing power, including single sourcing and bulk ordering.

Tags: Vehicle Purchasing, Vehicle Standardization, RFP, Fleet Vehicles

July 2016, Fleet Financials - Feature

Four Elements of an Effective Safety Program

Photo courtesy of iStockPhoto.com

By Bob Stanton

Checking MVRs, proper driver training, and staff accountability are some key aspects for a proper fleet safety program.

Tags: Driver Training, MVRs, Fleet Safety Program, Crash Accountability, Distracted Driving

July 2016, Fleet Financials - Feature

Best Practices for Managing Fuel

Photo courtesy of iStockPhoto.com

By Chris Wolski

Even with lower prices, fuel continues to be among the top costs for fleets. Fleets share some of their best practices to manage fuel.

Tags: Fuel Savings, Fuel Management, DISH, Weatherford, Fuel Hedging, How-to Guides

May 2016, Fleet Financials - Feature

Choosing Between Vans and Pickups

Photo courtesy of iStockphoto.com

By Greg Thompson

Money considerations drive much of the decision making when choosing vans or pickups, but function also plays a crucial role.

Tags: TCO, Cargo Vans, Van Upfitting, DISH

May 2016, Fleet Financials - Feature

Recovering Vehicles from Terminated Employees

Transporters provide trained professionals to recover vehicles from terminated employees. Photo courtesy of AmeriFleet.

By Chris Wolski

Retrieving vehicles from terminated employees can present a seemingly daunting challenge to fleet managers, but transport companies can help fleets overcome any obstacles to safely and securely recover the company’s vehicles.

Tags: PARS, Vehicle Recovery, Vehicle Logistics

May 2016, Fleet Financials - Cover Story

50 Ways to Reduce Fuel Spend

Photo via iStockPhoto.com.

By Mike Antich and Kat Sandoval

Keeping fuel spend low is the No.1 challenge fleet managers face. The fluctuation in gasoline and diesel prices over the past few years has given fleet managers a sobering reality check on how quickly the price of fuel can cause operational budgets to hemorrhage.

Tags: Maintenance, Personal Use, Driver Behavior, Strategies, Fuel Management, Selector Lists

May 2016, Fleet Financials - Feature

How to Implement a Fuel Hedging Program

Photo courtesy of iStockphoto.com.

By Paul Clinton

Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.

Tags: Fuel Hedging, Fuel Costs, WEX, Equity Markets, Airlines

March 2016, Fleet Financials - Feature

14 Ways to Minimize Fleet Tax Liabilities

Photo by Steve/Pixabay.

By Mike Antich

Decisions made by a fleet manager can result in unnecessary property and sales taxes. There are changes, within a fleet manager’s authority, that can be implemented to help your company avoid paying more taxes than necessary.

Tags: ARI, tax liability, Fleet Taxes, LeasePlan, Wheels, Inc., Element Fleet Management

March 2016, Fleet Financials - Feature

Measuring True Fleet Cost Savings

Image courtesy of iStockphoto.com.

By Bob Cavalli

It is the most important key performance indicator (KPI) your management looks for: cost savings. There are a number of ways to measure them. But, it's also important to develop

Tags: Depreciation, TRAC Lease, Reducing Fuel Costs, Cost Savings, KPIs

March 2016, Fleet Financials - Feature

Driver Safety 101: Braking, Steering, and Scanning the Road

Phil Moser (arm raised) gives driving tips at a NAFA Pacific Southwest Chapter Fleet Management Association meeting. Photo by: Vince Taroc

By Amy Winter-Hercher

A former police officer and crash reconstruction specialist shares his top driving tips to help fleets maintain safer driving techniques — hopefully leading to fewer collisions on the road.

Tags: Phil Moser, Advanced Driver Assistance Systems, NAFA Pacific Southwest Chapter, Steering

March 2016, Fleet Financials - Feature

Implementing Successful Strategies To Cut Fleet Costs

Photo courtesy of iStockphoto.com.

By Kat Sandoval

Reducing fleet costs is a leading concern for fleet managers. There are four ways fleet managers can reduce fleet costs and add value to their fleet operations.

Tags: Green Initiatives, business relationships

March 2016, Fleet Financials - Feature

Jaguar's New 'Cat' In the Jungle

The 2017 Jaguar XE. Photo: Paul Clinton

By Paul Clinton

Jaguar's 2017 model-year XE will stalk its way into the competitive entry level luxury vehicle segment. The automaker is taking a more aggressive approach to fleet sales.

Tags: Jaguar, Tata Motors, Executive Vehicles, Infotainment Systems, Entry Luxury Cars, Jaguar XE

March 2016, Fleet Financials - Feature

Should Damaged Vehicles Be Repaired or Replaced?

Image courtesy of iStockphoto.com.

By Chris Wolski

After an accident or major equipment failure, fleet managers often have to make a hard decision to either repair or replace the damaged vehicle. There is no right or wrong answer, but fleets need to keep safety and the bottom line in sight.

Tags: Accidents, Collision Repair, Vehicle Replacement, Fleet Policies, Total Cost of Ownership

January 2016, Fleet Financials - Feature

Milestones in the Fleet Leasing Industry

By Lauren Fletcher

Over the years, the fleet leasing industry has experienced some major milestones, from acquisitions and mergers to invention and recognition.

Tags: Fleet Management Companies, Anniversary, Lessors, Milestones

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