Managing the Financial Side of Commercial Fleets

Fleet FAQ? Fleet Management & Leasing

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Q. What factors need to be taken into account when calculating the lifecycle costs of a vehicle from acquisition through disposal?

A. Total cost of ownership will vary based on the type of vehicle used, application, and operating conditions. Generally speaking, cost of ownership will include... READ MORE

Q. How do we know if we need to comply with the ELD Mandate?

A. The law applies to all interstate Commercial Motor Vehicles (CMVs) as defined by the Department of Transportation that are required to maintain logs, which would affect those currently using paper logs, logging software or automated onboard recording devices (AOBRDs). READ MORE

Q. When does the ELD Mandate take effect?

A. Effective December 18, 2017 the Federal Motor Carrier Safety Administration (FMCSA) is requiring all commercial motor carriers over 10,001 pounds to have Electronic Logging Devices (ELD). READ MORE

Q. Are we already compliant with the ELD Mandate if we use monitoring?

A. If you are using automated onboard recording devices (AOBRDs) before December 18, 2017, you have some extra time to comply with the new mandate. READ MORE

Q. What steps should we take to become ELD compliant?

A. Motor carriers and drivers should determine if they fall under CMV regulations for HOS/RODS, and thus need to comply with the ELD law. READ MORE

Q. What are the long-term benefits of ELDs?

A. The ELD mandate was established to make it easier to keep logs and inform drivers and carriers so they can better manage fatigue. READ MORE

Q. What is the right lifecycle strategy for my fleet?

A. The best way to answer this question is to evaluate the facets of your business and the organization’s historical fleet usage. READ MORE

Q. What are the potential maintenance spend impacts of long vs. short cycling?

A. Proponents of longer cycles are quick to point out that a large maintenance spend is needed to overcome the lack of a lease payment. READ MORE

Q. What are the potential fuel impacts on different lifecycle strategies?

A. The decline in fuel prices over the past several years has provided significant cost reductions for all fleets. READ MORE

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Author Bio

Jack Firriolo

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Chief Operating Officer

Jack Firriolo is the Chief Operating Officer at Merchants Fleet Management. As a member of senior leadership Jack not only provides vision for the company, but also delivers best-in-class results across all operating areas. As a business industry expert Jack is relied on to oversee the completion of information technology projects, and to help grow the Merchants Fleet Management brand.

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