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Fleet operating costs increased in CY-2019 due to higher PM costs, ongoing pressure to increase maintenance labor rates to address the widespread tech shortage, and higher prices for commodities to manufacture replacement tires.
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Element Fleet Management has partnered with Shell Fleet Solutions and WEX for the development of a new fuel management program that is designed to streamline fleet fuel management capabilities.
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The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.
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A fleet can’t run without fuel, but it’s not “business as usual” when it comes to current fuel management trends.
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Fleet operating costs increased in 2018, primarily due to higher fuel prices and maintenance costs. Upward pressure on maintenance labor rates and higher commodity prices are impacting the cost of replacement tires.
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Once you know what data points are the most important to analytics, the next step is leveraging and utilizing the data to act.
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General Motors has rolled out in-vehicle fuel payments to Buick vehicles following the initial offering to Chevrolet models in July, the company has announced.
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Mastercard has unveiled a fleet fuel payment service that is designed to reduce spend by integrating fuel and maintenance monitoring available on connected vehicles into the fuel payment process.
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WEX Inc. has launched ClearView Snap, the next evolution of its ClearView data analytics platform that offers fleet managers and administrators emailed insights into fleet expenses.
Read More →Chevrolet will allow drivers to pay for fuel at participating Shell stations using a mobile app in the vehicle's infotainment system with a new electronic payment solution, General Motors has announced.
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