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Big data has impacted almost every industry in significant ways and fleet management is no exception. The power of big data has taken fleet management to the next level.
Accidents happen no matter how skilled your drivers, the years of experience behind the wheel, or their training level. The average motorist in the U.S. travels 12,000 to 15,000 miles annually and each year has a one in 15 chance of being involved in a vehicle accident. Most fleet drivers travel 20,000 to 25,000 miles annually, so it’s simple math — your drivers’ exposure to accident risk and your bottom line’s exposure is much greater than that of the average motorist.
Tags: Fleet Management, Risk Management
There’s no question that a fleet manager’s job is complicated. Most of the time, it can be downright chaotic. With fleet management involving many moving parts, including drivers, vehicles, safety, and compliance, keeping all in check while improving operational and overall fleet efficiency is no easy task. Thankfully, risk management best practices can make fleet management easier by making it more streamlined and efficient.
To get an idea of the importance of having a backup generator for your business, think about what could happen if an unexpected power outage occurred. You would not be able to access data, complete sales, manufacture products, connect with customers, ensure employee and customer safety, and could be forced to shut down your business until power was restored. This can add to the loss of revenue, excessive downtime, loss of customers, corrupt/lost data, property damage, and a damaged reputation — none of which any business can afford.
Rising fuel and maintenance/repair costs are always a hot topic for fleet owners and managers. But what’s typically not as top of mind is the rising cost of fleet vehicle insurance premiums over the last couple of years. With premiums steadily rising and, in some cases, even doubling, owners and managers need to be thinking more about insurance and how to keep premium costs under control.
Tags: Fleet Management, Risk Management
With solar energy becoming more affordable and accessible than ever before, businesses across the U.S. are increasingly investing in solar as a reliable, clean, inexpensive, and environmentally friendly power source. From Fortune 500 companies to small/midsize businesses, on-site commercial solar installations are booming. These panels can be installed on rooftops, in parking lots, or ground-mounted.
As if fleet managers don’t have enough on their plate dealing with the ongoing impact of the COVID pandemic on their fleet operations, along comes the 2021 Atlantic hurricane season, which officially begins June 1 and runs through November 30.
Tags: Emergency Fueling, Fleet Management, Asset Management, Risk Management
With the advent of wireless telecommunications, smaller/more powerful devices, and more mobile devices, fleet technology has rapidly evolved over the years. It is a trend that isn’t going away any time soon. For fleet managers, that’s excellent news.
Tags: Fleet Management, Risk Management
Keeping fleet vehicles maintained adequately is one of the most critical aspects of fleet management. It is also key to growth and profitability. Just one vehicle “in the shop” can cause all kinds of problems that lead to lost profits, including:
The 2020 hurricane season brought record-breaking storms that swept through the Atlantic region, causing miles of power outages, floods, and mass destruction. Understanding previous hurricane seasons will help you better prepare for the inevitable storms the next season will bring.
Take a deeper look at this year's record-breaking hurricane season.
Tags: Emergency Fueling, Industry News & Reports, Risk Management
