
Representing the interests of fleet operators in the UK, Paul and his team are uniquely placed to understand the key issues rising up the fleet agenda for 2022.
Representing the interests of fleet operators in the UK, Paul and his team are uniquely placed to understand the key issues rising up the fleet agenda for 2022.
Approximately 398 people could lose their lives and another 45,300 could suffer serious injuries on roadways over the Labor Day weekend, according to the National Safety Council's estimate, which is the lowest it has issued for the three-day holiday period since 2015.
The National Safety Council predicts that there will be a more than 6% increase in roadway fatalities during the Fourth of July weekend compared to a year ago with 565 deaths over the four days.
Commercial vehicles with usage-based insurance market is projected to grow by more than 18% by 2024, according to new research from Global Market Insights, Inc.
Several analysts have boosted earnings estimates for Element Fleet Management for the first quarter of 2019, following the company's Aug. 14 quarterly earnings report.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.
Over the past several decades, the purchasing managers of yesteryear reinvented themselves into procurement professionals whose function is now viewed as a strategic asset that provides a competitive advantage to a corporation. Can fleet management, likewise, elevate its perceived value to a corporation, especially in the eyes of its senior management? I say yes, and the timing is right to do so.
The stability of fuel pricing has been the No. 1 factor contributing to keeping operating costs flat in calendar-year 2017. Since fuel makes up the largest portion of fleet operating costs, it has helped keep a lid on overall fleet spend.
Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
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