Top management concerns for truck fleets

Top management concerns for truck fleets

If you were asked to list your top concerns regarding fleet management, what would your first responses be? Here’s what some of your peers had to say in a recent survey conducted at the 2014 NAFA Institute and Expo by GE Capital Fleet Services.

Topping the list of concerns was ensuring driver safety—it was listed as the biggest priority of fleet managers. With more than a third (35%) of fleet managers identifying it as their main concern, driver safety outpaced cost-savings goals and workforce productivity (27% and 22% respectively) as the top concern for the second year in a row.

In addition, 62% of survey respondents said that the main focus of their company’s executive leadership is achieving cost savings. With this goal in mind, fleet managers are using a number of tactics to manage costs. Also noted in the survey, 43% of respondents cited vehicle purchasing decisions as the greatest opportunity for savings, followed by managing maintenance expenses (32%) and activating telematics and analytics solutions (22%).

“As fleet managers continue to focus first and foremost on driver safety, they must also concentrate on finding ways to take more cost out of fleet operations,” said Mark Hayes, chief marketing officer for GE Capital Fleet Services. “Increasingly, fleets are utilizing technology tools that address the dual challenges of cost and safety. These include telematics solutions that alert drivers to potential accidents, intelligent collision alert systems and data analytics that help predict and manage maintenance costs.”

Several other areas of fleet management were included in the survey. Another area of concern cited by fleets is enhancing productivity. According to the survey, the two biggest areas of focus for enhancing productivity were defining a comprehensive vehicle replacement/cycling plan (30%) and specifying the appropriate vehicle for the job (27%).

In addition, the fleets surveyed were queried on analytics, specifically, improving efficiency and saving costs. When asked how analytics have most helped their fleet, 46% of fleet managers cited improved operational efficiency, with an additional 22% citing cost savings through analytics.

As for the use of alternative fuel vehicles, 32% of fleets managers surveyed stated that alternative fuel vehicles were already in their fleet, with an additional 33% stating that they were planning to incorporate alternatively fueled vehicles into their fleet within the next two years.

“Fleet managers increasingly are analyzing data to make cost savings, safety and productivity decisions based on fleet performance and operations,” said Doug Peters, analytics leader at GE Capital Fleet Services. “Recently, our team at GE Capital Fleet Services launched MyFleetOffice2, an advanced fleet management and analytics platform, to help decision-makers access deeper and more insightful data and analytics to meet their bottom line and boardroom goals.”

You May Also Like

Lytx reports 9.5% uptick in fleet road risks

Following too closely, speeding, distraction, not wearing a seat belt and incomplete stops are top the list of risky driving behaviors.

Generic truck safety

Video safety and telematics company Lytx Inc. released its annual “State of the Data” report on vehicle fleets and the increased risks that drivers face on roadways. Powered by 40 billion miles of new driving data from 2023, Lytx said its 2024 report identifies heightened levels of risk on the roads and a greater urgency for fleets to decrease unsafe driving behaviors.

Beyond standard TPMS: The crucial role of customizable tire health alerts

Delving into the shortcomings of standard TPMS and why customizable tire health alerts are crucial for commercial vehicle fleets.

Driving for Alabama: A family affair

The stories of two truck drivers for ’80s country hitmakers Alabama.

Photos by Amazing Grace Photography
So you want to write for Fleet Equipment?

Of course you do. As the premiere online publication for the heavy-duty truck market, charting the latest in trucking equipment, technology, and service trends, Fleet Equipment has a knack for digging up the stories behind the stories (while having a lot of fun along the way). Now you can be a part of it! But

Write for Fleet Equipment
Babcox Media mourns the passing of Tim Fritz, longtime editor and friend

Babcox Media Editor Tim Fritz passed away on Feb. 23 from a heart attack. He was 53 years old. Related Articles – Debating the merits of ethanol – Why isn’t a truck’s appearance part of the PM process? – Change is coming to U.S. energy policies Tim joined Babcox Media in 1990 and spent 31

Other Posts
Using AI to capture tire data, control costs and reduce downtime

Good fleet management is vital for any trucking company, but the days of searching for important information in stacks of notebooks are over.

Plus releases PlusProtect AI safety technology

Through cameras, radar and AI software, PlusProtect can see 650 ahead and can detect objects in its lane and nearby lanes.

Rivian, Geotab partner on commercial vehicle telematics

Rivian’s embedded telematics and Geotab’s fleet management services will enable fleets to improve productivity, compliance and safety.

Newest Bendix Fusion technology now available in Kenworth T680s

Fusion with ACB Stop and Auto-Go is available on select Kenworth T680 powertrains with automated transmission.