The Element Fleet blog is written by various fleet experts we've invited to participate. They offer their opinions and comments on issues related to fleet management, maintenance, telematics, trucks, vehicle accident management, driver safety and more. You also have the opportunity to respond or ask questions. So go ahead and join the conversation.
Just a note: The opinions of the writers don’t necessarily reflect the position of Element Fleet Management on these subjects.
In this month’s edition, I focus on an important part of your fleet management strategy. “Financial Decision-Making: Leasing Versus Buying Material Handling Equipment” lays out the advantages and disadvantages of each financial alternative, depending on your organization’s specific needs. I provide some advice on how to go about making an informed decision taking numerous considerations into account.
Read the article now and let me know what you think.
Are you going to the ProMat Expo in Chicago?
On the same subject of material handling equipment, Element Fleet will be at the ProMat Expo in Chicago, March 23-26. This event is the largest expo for manufacturing and supply chain professionals in North America. At ProMat, you’ll have access to the latest material handling and logistics equipment and technologies.
If you’re planning to go, please visit our Booth #4863 to talk with our material handling equipment experts. They can help you meet the equipment specialists supporting your fleet, introduce you to new industry contacts, and walk the show floor with you to make the experience more valuable in every way.
Hope to see you there!
- Avoid aggressive starts: A single second of “flooring it” can produce nearly the same amount of emissions as 30 minutes of normal driving.
- Keep vehicle properly maintained: Keeping tires properly inflated and getting regular oil changes and tune-ups not only lengthen the life of your vehicle, they improve fuel economy.
- Combine trips when possible: Warmed-up engines generate less air pollution.
- Reduce weight in vehicle: An extra 100 pounds of cargo can reduce a vehicle’s fuel economy by 1-2%. A fully loaded roof rack can reduce fuel economy by 5%. If you do need to carry the extra items, put them in the trunk or the bed of the truck.
- Drive at a moderate speed: Driving the speed limit not only improves safety, it can increase fuel efficiency by 10% or more.
- Reduce use of the air conditioner. The A/C consumes nearly a gallon of gas per tank. If it’s really hot outside and you need the A/C, open your windows to remove hot air before turning it on.
- Park in the shade: Not only does a hot car take longer to cool, heat can cause fuel evaporation, hurting the environment and your wallet!
- Use cruise control: By maintaining a constant speed, vehicles are more fuel-efficient.
- Go to http://csa.fmcsa.dot.gov/
- Scroll down the page to the bottom left, where there’s a box that says “Check Motor Carrier Safety and Performance Data”
- Enter either your company’s DOT number or the company name you want to look up to check the current rating. You may need to add additional information as some carriers have similar names.
- Companies are rated by the FMCSA on the following categories.
- Unsafe driving
- Crash indicator
- Hours-of-service compliance
- Vehicle maintenance
- Controlled substance & alcohol
- Hazardous materials compliance
- Driver fitness
Let Element Fleet Management’s truck experts help you navigate the show.
If you’re new to fleet management, there are some fundamentals you need to know. To help you with information on leasing and replacement strategies, as well as understanding Total Cost of Ownership, we’ve developed a webinar that’s divided into a series of short, 2-3 minute videos located on our YouTube channel.
Here are the topics you can explore:
- Determining Optimal Fleet Vehicle Replacement
- Determining the Optimal Lease Term for Your Company Fleet
- Determining Total Cost of Ownership of Your Company Fleet
To watch this webinar series, go here.
Let me know what you think of our fleet management webinar series – does making each topic separate fit your schedule better than having all three in one longer webinar?
For insights into typical fleet costs and best practices for measuring them, get our tip sheet:
What you need to know about fleet costs
- Do you know your fleet’s primary costs?
- What key metrics should you be tracking?
- What sources of data are available to you?
- What factors that drive depreciation, fuel expenses and maintenance costs, and how can you control them?
- To what benchmarks should you compare your metrics?
Effective fleet management can make a real difference to sales, service and distribution – the “heart” of any organization. Have a happy Valentine’s Day!