2013: State of the Commercial Fleet Market
The most recent run-up in fuel prices and its ongoing price volatility is the top challenge facing fleet managers. Other ongoing issues are cost-control, sustainability, and minimizing liability exposure, such as distracted driving.
100-Plus Most Important Events in Fleet
As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”
History of Fleet Leasing
Open-end (or finance) leasing was developed in 1951. Fleets wanted to lease units with off-balance sheet reporting. In 1981, the landmark Swift Dodge vs. IRS court decision legitimized the use of open-end TRAC leases.
The History of Computers in Fleet Management
Fleet has been an early adopter of new technology, starting with card reader equipment in the 1950s, use of mainframes in the 1960s, “dumb” terminals of the 1970s, PCs in the 1980s, and now a multitude of Web-enabled services.