EDEN PRAIRIE, MN - GE Capital Fleet Services announced the launch of a new toll management program for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens. This new program is being unveiled as U.S. states and municipalities increasingly use toll collection as a source of revenue with the average toll violation increasing 20 percent from 2010 to 2011 to $60 per violation.
As part of the program, enrolled vehicles use electronic tolling lanes, a faster and typically cheaper alternative to cash lanes. On the back end, drivers no longer need to submit expense reports. Also, instead of fleet managers overseeing numerous toll accounts and working with multiple toll authorities to pay violations and reconcile errors, all accounts are consolidated into one and are managed by GE Capital Fleet Services.
Fleet managers receive one consolidated statement providing an increased ability to budget, forecast and analyze tolling behavior. They also have access to comprehensive online toll-usage reports and to GE Capital Fleet Services’ experts to help analyze the data and identify additional opportunities for cost savings.
“In addition to delivering hard cost savings and helping to eliminate toll violations, this program increases the productivity of fleet managers and drivers because they no longer have to spend time on administrative details such as submitting and processing expense reports or auditing toll charges,” said Brad Hoffelt, senior vice president & general manager of products and services at GE Capital Fleet Services. “As a leading fleet management company we’re continually identifying new ways to use technology to help customers maximize operational efficiency and manage their bottom line.”
The pilot project will demonstrate how mobility services such as carsharing (car2go), ride-hailing (mytaxi), and multi-modal platforms (moovel) can be intelligently connected to shape the future of mobility.