New lease accounting rules (FASB Topic 842) will be required for all public companies beginning in 2019. The primary goal of the new standard is to improve transparency for committed long-term leases by requiring lessees to show most leases on their balance sheets.
When a fleet acquires vehicles, it knows the exact amount and duration of the monthly payments. By contrast, when those vehicles develop mechanical
problems as they age, the exact type and timing of the costs are unpredictable...
Many fleets employ a variety of tactics to keep their drivers and vehicles safe while on the road. However, even the best-maintained vehicles can experience breakdowns due to unexpected mechanical issues, roadway hazards, accidents or other mishaps.Many of these events require the need for emergency roadside assistance.
Weather is unpredictable which is why it's important to think about winter driving strategies.
One of every fleet manager’s major goals is to ensure that the fleet is operating in the most cost-effective manner by identifying opportunities for cost savings which have not been fully realized.
The fleet policy sets the tone for managing your company’s fleet. An effective policy is comprehensive, easy to understand and enforceable.
It is a fairly common occurrence that a change in business plan, corporate structure or product results in a reduction in the number of employees.
Fleet management involves an abundance of data. There are so many things that can be measured, so many data points to be tracked from month to month and from year to year.
Hundreds of data points relate to a vehicle’s equipment alone, even before it is ordered—and numerous chances to collect data will present themselves once that vehicle is on the road.
Most companies have a deep understanding of the risks that are closely associated with their major lines of business, and have processes in place to mitigate those risks.