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Reimbursement

The Little-Known Origin of Total Fleet Management

“Total fleet management” is a generic, shorthand term used to refer to programs offered by FMCs that administer all aspects of a client company’s fleet operations. Have you ever wondered about the origin of this concept? You might be surprised to learn that IBM was one of the initial catalysts leading to the development of today’s total fleet management programs. This might surprise some in the fleet industry, because for the longest time, IBM has been the poster child of driver reimbursement.

Top 13 Trends in Commercial Fleet Management

Without a doubt, the top two challenges facing fleet managers are cost containment and safety. This pressure is emanating from senior management, mandating fleet managers reduce costs and minimize liability exposure.

IRS Drops Mileage Reimbursement Rate

The Internal Revenue Service has lowered the deductible mileage rate to 54 cents per mile for business miles in 2016 down from 57.5 cents in 2015, the agency has announced.

Personal-Use Charges Increase to $128 in 2015

In 2015, average monthly personal-use charges increased to $128, up from the $123 average monthly charge reported in 2014. Personal use remains a sensitive topic, both with drivers and fleet managers.

GE Capital Fleet Saves Customers $210M

GE Capital Fleet Services identified $420 million in potential cost savings for customers in 2014, and customers realized $210 million in actual savings as a result, the fleet management company announced.

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