No matter how many preventative measures you take to protect your business from unexpected events, some things are simply beyond your control. Among those are power outages caused by weather events, site-specific events, and man-made/natural disasters.
With the Atlantic hurricane season in full swing, what measures have you taken to protect your business from an impending storm?
Tags: Asset Management
Unexpected events usually lead to unforeseen expenses. However, there are a few steps you can take to protect your business from them. The most obvious step is selecting the right insurance coverage to cover the costs associated with property damage, liability claims, lost income, and other covered losses. An unapparent step is investing in a solution that can keep some of these costs from occurring, like installing a commercial backup/standby generator.
Tags: Emergency Fueling
With keeping fleet operations profitable a top priority, fleet managers are always looking out for strategies to streamline business processes. But with fleet operations so complex, many fleet managers find themselves facing numerous daily productivity challenges that impede profitability.
One proven fleet management strategy to overcome these challenges is leveraging telematics.
Through data and insights, telematics help fleets become more efficient because fleet managers can make better and more informed decisions. Telematics also improve workflow inefficiencies so fleet managers can work smarter, complete tasks faster, and have added time to concentrate on core responsibilities.
Saying a fleet manager’s work is never done isn’t too much of a stretch considering the number of responsibilities on their plate. Typically, they’re in charge of:
Tags: Fleet Management
The 2020 Atlantic hurricane season is predicted to have “above normal” activity according to the Colorado State University Tropical Meteorology Project. Following a destructive 2019 season that included Hurricane Dorian — which pummeled the Bahamas and made landfall as a Category 1 hurricane near North Carolina’s Outer Banks — major activity is expected again this year.
With low demand for gas and cheap crude prices due to COVID-19, the national average for a gallon of regular gasoline has been steadily declining. But on April 30th, that trend reversed course when the national average increased by a penny to $1.77 per gallon. For perspective, the average price was $1.79 per gallon in the third week of April, $2.01 near the end of March compared to $3.12 at the end of April 2019.
Driver and vehicle safety are a top concern for every fleet manager. Considering that $11 million is the average cost for a fatal accident, $500,000 for an accident with injuries, and $75,000 for accidents that cause damage, it’s easy to see why. And, there is the damage accidents can cause to a company’s public perception and employee morale. All of these costs can quickly add up quickly and negatively impact a company’s bottom line.
Tags: Fleet Management
The global economic fallout from COVID-19 is a rapidly evolving situation with ramifications across a wide range of markets, including energy and freight. Actions to combat the impact of the pandemic have intensified, resulting in supply chain disruptions, travel bans, and widespread lockdowns nationwide and around the world.
As a precaution to keep COVID-19 from spreading, companies nationwide are increasingly requiring employees to work from home and banning or limiting travel.