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A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.
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Seatbelts remain one of the most effective safety tools in any vehicle. Here’s why buckling up matters beyond avoiding a ticket.
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Read More →Backing collisions are common and often preventable. Here’s why reversing is so difficult and what drivers can do to avoid costly mistakes.
Read More →It never ends; management wants cost reduction, and fleet managers must come through, year after year. Beyond those ‘hard’ costs that are easily measured are soft and hidden costs that are equally important. Here are some tips on finding, and eliminating such costs in your fleet.
Read More →Even a small increase in speed can sharply raise crash force and injury risk. Here’s why speeding has bigger consequences than many drivers realize.
Read More →Accident rates in the U.S. have been growing in recent years. Fleets now have to use best practices to tackle the increasingly difficult task of keeping their drivers safe while the roads they’re driving on become more dangerous.
Read More →Technology is impacting accident costs on all sides, from helping to reduce the number of overall accidents to increasing the cost of accident repairs.
Read More →CEI sees the fleet industry entering a transformative era fueled by OEMs, fleet management companies, and suppliers focusing on technology-driven innovation to drive better results for customers.
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