Managing the Financial Side of Commercial Fleets

TAG SEARCH RESULT: Cost-Cutting

1  -  20  of  30

November 3, 2017

Fleet Leasing vs. Purchasing Decision-Making

There exist hidden opportunities with full-service leasing that are typically overlooked. The attention to financial details can distract from more significant benefits to fleets and their customers

May 22, 2017

Institutionalizing Cost-Control Strategies

Senior management exerts intense pressure on fleet managers to control and/or reduce vehicle acquisition and operating expenses. To accomplish this, a fleet managers can pursue three different cost-control strategies — cost savings, cost deferral, or cost avoidance. In order to implement a successful cost-control strategy you need to institutionalize the mechanisms to curb money-wasting behaviors.

March 6, 2017

How to Deal With Arbitrary Management Edicts

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.

January 1, 2017

Turning Saved Pennies Into Saved Dollars

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?

December 20, 2016

5 Fleet Manager Challenges in 2017 and Beyond

As part of the annual re-set to a new calendar year, we polled several leading fleet managers to get their take on the top pain points they must diagnose in the year ahead.

June 16, 2016

Fleet Policy Is a Crucial Component of a Successful Cost-Control Strategy

The overwhelming majority of drivers want to do what’s right for the company; however, just because your company implements a written fleet policy doesn’t mean drivers are following it. A common problem is the fleet manager communicates policy to the drivers’ managers, but the word doesn’t get down to the individual drivers. How do you increase driver compliance with fleet policy? Here are 10 suggestions.

October 6, 2015

Fleet Advantage President to Appear on Two Panels

Fleet Advantage's Brian Holland, president and CFO, will participate in two prominent industry panels in October.

November 14, 2014

Finding Every Cost-Saving Opportunity

Preventing accidents can cut fleet expenses and improve operating of vehicles. Auto manufacturers are coming out with an increasing number of on-board technologies to help drivers avoid accidents.

September 2, 2014

Cost-Reduction Single-Mindedness Creates Corporate Blind Spots

When corporate revenues soften, it is management's fiduciary responsibility to demand expense reductions and limit capital expenditures. Unfortunately, many fleet-related cost-reduction decisions are made for the short-term, with very little consideration on the long-term impact on the total cost of ownership (TCO). Many times senior management is more interested in the fiscal, rather than economic, consequences of their fleet-related decisions.

January 21, 2014

Identifying Missed Cost-Cutting Opportunities

Fleet managers can focus too much on the price of the products and services they buy, which can leave some cost-cutting opportunities unexplored.

July 24, 2013

What is More Important: Increasing Productivity or Saving Money?

With resources dear and staff often non-existent, fleet managers must decide where to focus their time and effort. There are only two ways to increase the bottom line: more revenue or less cost. Which is more important?

October 26, 2012

Having the Money-Saving Touch

Valero’s fleet administrator, Randy Burwell, has a knack for finding ways to save the Texas-based refinery company money and keep the fleet working at peak efficiency.

January 5, 2011

Park Ellis ServiceMaster Cuts Fuel Costs by 10%

TOLEDO, OHIO - Park Ellis ServiceMaster, a cleaning and disaster restoration services provider, has been able to cut costs in its operations using a fleet tracking solution.

November 8, 2010

GE Capital Fleet Services Identifies Over $63M in Cost Savings for Customers in Third Quarter

EDEN PRAIRIE, MN - GE Capital Fleet Services announced it identified $63.3 million in cost savings for customers in the third quarter of 2010.

September 13, 2010

GE Capital Fleet Services’ Maintenance Management Program Delivers $40 Million in Customer Cost Savings

EDEN PRAIRIE, MN - GE Capital Fleet Services announced that customers enrolled in its Maintenance Management program realize $40 million in negotiated repair cost savings annually, according to an extensive maintenance pricing study.

August 12, 2010

Safety Management Webinar to Focus on Cost-Cutting Prevention Measures

EDEN PRAIRIE, MN - GE Capital Fleet Services will host a free safety management webinar Aug. 17 to examine best practices in safety management and how those measures can deliver fleet cost reduction.

July 16, 2010

How to Cut Costs Without Hurting Driver Morale

Tough times require tough decisions; when fleet managers cut costs, driver morale sometimes can be affected. There are ways, however, to reduce costs without hurting driver morale.

February 18, 2010

Short-Term Cost-Cutting Strategies Backfire in the Long-Run

The new reality of a tighter corporate operating environment has forced fleet managers to pursue two different types of cost-cutting goals - cost deferral and cost elimination. However, many cost-cutting decisions for fleet are made for the short-term, with very little consideration for total cost of ownership. Sometimes senior management is more interested in the fiscal, rather than economic, consequences of their decisions.

February 2, 2010

GE Capital Fleet Services Identifies $256M in Cost Savings for Customers in 2009

EDEN PRAIRIE, MN - GE Capital Fleet Services announced full-year results for its cost-savings efforts for customers in 2009. Total savings identified were $256 million, with total-cost-of-ownership analysis yielding the highest opportunity at more than $50 million.

August 27, 2009

GE Fleet Services Identifies $83 Million in Cost Savings for Customers in Second Quarter

EDEN PRAIRIE, MN - GE's work with customers to maximize return on their fleet investments has resulted in identified cost savings of approximately $183 million for the first half of 2009.

Previous||12||

Fleet Incentives

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

FleetFAQ

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Sponsored by

Terminology used in Australia and New Zealand to describe a closed-end lease where the lessor is also responsible for the cost of maintenance and registration.

Read more

More From The World's Largest Fleet Publisher