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There are a number of options fleet managers might choose to help them manage fuel use and spend. These options include:
Enhancing safety, improving productivity, and reducing costs are at the top of the responsibility list for most fleet managers. These are responsibilities that are far from simple, but ones that a bulletproof risk management plan can help fleet managers tackle more effectively.
Tags: Risk Management
To lease or to buy fleet vehicles, that is the one question most fleet managers have to answer at some point in their careers. Determining the best answer isn’t easy. It’s a complex process that depends on several factors, including budget, fleet size, the number of vehicles required to meet business goals, current and future financial situation, and administrative capabilities.
Tags: Fleet Management
Establishing fleet policies and procedures is vital to running your fleet efficiently, profitably, and safely. If hastily planned, poorly written, and improperly managed, your fleet policy will be ineffective and can cause problems that affect both your fleet operations and your company’s overall profitability.
Policies and procedures should be:
- Easy to understand
- Comprehensive – covering all relevant areas
- Designed with compliance in mind
- Enforceable
Tags: Fleet Management
The death and devastation in 2018 from Atlantic Hurricanes Florence and Michael was so severe that their names were permanently retired from the World Meteorological Organization’s list of storm names.
Florence, which made landfall in September on the North Carolina coast, brought catastrophic flooding to the Carolinas and Virginia. It caused over 50 deaths and an estimated $30-60 billion in damage. Michael, which came ashore along the Florida panhandle in October, was one of the strongest storms ever to make landfall in the contiguous U.S., causing at least 45 deaths and an estimated $30 billion in damage.
Tags: Fleet Management
Fleet managers have the responsibility of staying focused on the job at hand and the responsibility of planning and prioritizing future fleet and company needs. Fuel planning, preventative maintenance scheduling, budgetary projections, and determining the optimal vehicle replacement cycle are just a few of those.
Arguably, all these responsibilities are equally important, but one that is not always prioritized is determining the optimal vehicle replacement cycle. For various reasons, this responsibility is often approached with a reactive “wait and see.” This approach should be avoided because it can prove to be expensive in terms of maintenance costs, fuel costs, and downtime.
Tags: Fleet Management
With fuel being the largest operating expense for fleets, controlling fuel costs is a top priority for fleet managers and one that can often seem like a full-time job. Fuel price volatility and unpredictable economic environments don’t make controlling fuel costs any easier, but what can help are proven strategies that ease fuel cost management regardless of fluctuating fuel prices.
Downsizing, rightsizing, preventative maintenance, telematics, and fleet fuel cards are just a few of the various strategies that can help combat price instability and control fuel costs. While all of these can be beneficial, one thing they don’t address is the actual price of fuel. However, a fuel hedging strategy does.
So, let’s take a closer look.
Tags: Fuel Management
As if managing drivers and staff members is not challenging enough for fleet managers, add in the additional day-to-day responsibilities, and the management challenges increase tenfold. There’s vehicle purchasing, scheduling vehicle maintenance, controlling fuel costs, developing safety programs, and ensuring compliance with government rules and regulations — all while trying to increase efficiency and profitability, while staying within established budgets.
Tags: Fleet Management
One of the most pressing issues facing fleets today is rapidly evolving technology and the challenging effect it can have on maintenance operations. In fact, according to a recent survey of maintenance professionals by Fleet Owner, three of the top five challenges for fleet maintenance operations are technology-related:
Tags: Asset Management
There are obvious factors that can help drive a fleet’s strong bottom line, such as controlling fuel costs, optimizing maintenance, ramping up safety initiatives, and monitoring driver behavior. Yet, there’s one factor, maybe not as obvious but equally important — if not more important — to overall success, and that’s maintaining good vendor relationships.
Tags: Fuel Management
