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GE Capital Fleet Services: Cost Savings is Top Focus for U.S. Commercial Fleets

May 25, 2012, 06:30 AM
Filed Under: Trucking

Forty-six percent of fleet managers cite cost savings as the primary focus of executive management as it relates to their company’s fleet operations, according to a recent survey conducted by GE Capital Fleet Services. This was followed by on-time delivery and service, driver safety and resource productivity (all 15%).
Accordingly, when fleet managers cited their greatest concerns for 2012, 26% said meeting their organizations’ cost-savings goals was their greatest concern, an increase of three percent since last year’s survey, followed by driver safety (23%) and workforce productivity (19%).

The GE Capital Fleet Services’ survey of fleet managers was recently conducted at the 2012 NAFA Institute & Expo in St. Louis.

According to the survey, in the next 12 months fifty-seven percent of fleet managers will have incorporated alternative fuel vehicles into their fleets. Fewer fleet managers than a year ago said they do not currently have plans to
incorporate alternative fuel vehicles over the next 12 months (30 percent today down from 34 percent).

Other key findings from the survey include:

  • Analytics: Thirty-eight percent use analytics tools to identify ways to improve operational efficiencies and 24% note analytics have assisted their purchasing decisions.
  • Vehicle replacement: Only 7% of respondents do not have plans to pursue a vehicle replacement program in the next 12 months.
  • Leasing versus owning: Forty-eight percent said the majority of the fleet they manage is leased, equal to the percentage whose fleets are owned by their company.


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