Cost Savings Is Top 2012 Focus for U.S. Commercial Fleets, According to GE Capital Fleet Services Survey
May 24 2012 - 8:00AM
Business Wire
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
percent).
Accordingly, when fleet managers cited their greatest concerns
for 2012, 26 percent 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 percent)
and workforce productivity (19 percent).
The GE Capital Fleet Services’ survey of fleet managers was
recently conducted at the 2012 NAFA Institute & Expo in St.
Louis.
“Whether identifying ways to reduce maintenance spend or
fine-tune vehicle replacement strategies, we continue to experience
a high demand from customers on how best to optimize their fleets
and drive out cost,” said Mark Hayes, chief marketing officer of GE
Capital Fleet Services. “We specialize in working closely with
customers to make them successful based on the demands of today’s
business environment and the future goals of their
organizations.”
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 percent note analytics have assisted their
purchasing decisions.
- Vehicle replacement: Only 7
percent 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.
For more information about GE Capital, Fleet Services, visit:
www.gefleet.com.
About GE Capital, Fleet Services
GE Capital, Fleet Services, based in Eden Prairie, Minn., is a
global fleet management company with operations in the United
States, Canada, Europe, Japan, Australia and New Zealand. Visit the
Web site at gefleet.com or follow the company’s eco news and
updates via Twitter (@GEFleetSvcs)
GE Capital offers consumers and businesses around the globe an
array of financial products and services. For more information,
visit www.gecapital.com or follow company news via Twitter
(@GECapital). GE (NYSE: GE) works on things that matter. The best
people and the best technologies taking on the toughest challenges.
Finding solutions in energy, health and home, transportation and
finance. Building, powering, moving and curing the world. Not just
imagining. Doing. GE works. For more information, visit the
company's website at www.ge.com.
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