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Fuel prices hit a record nationwide average of $2.91 per gallon in October 2005. Fuel costs have increased 43 percent since January. In addition, labor rates and part prices are up. Tire manufacturers have also raised prices.
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The best time to control cost is before it occurs, and the way to do this is by establishing policies and procedures that inhibit unnecessary spending. However, just because your company implements a written fleet policy doesn’t mean it is being followed. How do you increase driver compliance with fleet policy?
Read More →More than 90 members and guests attended the gala black-tie 50th anniversary celebration at the Hotel Monaco in Washington, D.C. Highlighting the evening was a congratulatory letter from President George W. Bush.
Read More →Many companies are turning to fuel card programs for their fueling needs. Data from these programs can be mined with significant savings.
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Tires are an evolving component on vehicles. One simply has to look at the trend with factory OEM wheels and tires. Only a few years ago, the norm was 15- and 16-inch wheels. Currently, these same-sized cars, are now equipped with 16- and 17-inch sizes and some even have 18-inchers for mid-size cars.
Read More →You need to involve your staff in setting annual sales goals and ensure that those goals measure per-unit performance — not overall revenue.
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If the price of gasoline reaches $3.25 per gallon, it will exceed depreciation as fleet's No. 1 expense, based on today's incentives and residual values. With the $3-per-gallon threshold already shattered, this scenario is not implausible.
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Continued use of recapped tires and lengthened PM intervals have kept medium-duty truck operating costs relatively flat for utility/railroad, delivery, and service fleets in 2004.
Read More →Fleet management can be an invisible function for many senior executives. Proactive fleet managers communicate how their function contributes to the company’s overall goals and bottom line
Read More →Offered online through Northwood University, IARA online remarketing education modules offer the opportunity for fleet managers, both seasoned veterans and rookies, to learn more about remarketing on their own time.
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