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In this week's AF news recap, host Faith Howell covers a look back on 2015, the 2026 mileage rate, and WEX's new fleet card.
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Personal-use charges have not kept pace with rising vehicle ownership costs, even as some fleet managers report a distinct rise in personal-use miles.
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Average personal use charges have been on a gradual rise over the past several years, led by vehicle preference and pricing.
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Average personal use charges industry-wide were flat year over year, but more fleets have been increasing charges the past few years.
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International Data Group's CIO magazine has listed Wheels, Inc. on its 2018 CIO 100 as one of 100 global organizations with the "highest level of operational and strategic excellence in information technology," the fleet management company announced.
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The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.
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WEX Inc. will begin offering a more secure chip-based payment card to its fleet customers in 2019 and plans to test the new card in 2018, according to the company.
Read More →The new solution uses local fuel prices, combined with fleet vehicle miles per gallon information, to calculate a geographically accurate cents-per-mile reimbursement rate for fuel expenses.
Read More →While expense fraud related to mileage is often unintentional, whether it’s deliberate or not it can cost companies with fleets millions of dollars in overpayments. The good news is there are simple ways to combat it.
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Telogis has introduced Logbook, a mobile app that lets drivers track and organize miles driven for personal or business use, the telematics provider announced at Mobile World Congress on Feb. 23.
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