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Serving the small- to mid-size fleet market, 55 percent of Union Leasing’s portfolio is comprised of light- and medium-duty trucks. Recently, it acquired Express 4x4 Truck.
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The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.
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From taking advantage of a lessor's buying power to conserving capital, leasing is a good way to put wheels on the road — after doing your homework on the right type and terms for you.
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A well thought-out, well-structured request for proposal (RFP) will get the products and services you want.
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By now, most fleet managers know where to look to cut costs, such as reducing supplier rates, tracking fuel costs, and managing depreciation. A few other areas can provide additional, innovative cost-saving strategies.
Read More →Fleet managers know that it's smart to focus cost-reduction efforts where the money is - depreciation and fuel. But, within these categories, there are savings that even experienced fleet managers often miss.
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The Mexican fleet market is expected to see an ongoing conversion from purchasing to leasing. The subcompact is the most popular vehicle in Mexico, followed by compact and multiple-use vehicles. In the Mexican marketplace, two distinct business models are available.
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Information analyzed includes how fleets are funding their vehicles, what administrative services are outsourced, safety- and accident-related services that are being outsourced, and what responsibilities today's fleet managers have in addition to fleet management.
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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.
Read More →TORRANCE, CA – Fleet Financials magazine has an article covering ways to fund a fleet, from making the right leasing choices, how to take advantage of today’s low interest rates, and tips on choosing the best funding choices for a fleet.
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