May 14, 2014
Ensuring driver safety is the biggest priority of fleet managers, according to a survey conducted at the 2014 NAFA Institute and Expo by GE Capital Fleet Services.
With more than a third (35 percent) of fleet managers identifying it as their main concern, driver safety outpaced cost-savings goals and workforce productivity (27 percent and 22 percent, respectively) as the top concern for the second year in a row.
In addition, GE Capital says 62 percent of survey respondents note the main focus of their company’s executive (C-suite) leadership is achieving cost savings. With this goal in mind, GE Capital’s survey notes fleet managers are using a number of tactics to manage costs. Forty-three percent of respondents cited vehicle purchasing decisions as the greatest opportunity for savings, followed by managing maintenance expenses (32 percent) and activating telematics and analytics solutions (22 percent).
“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,” says 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 helps predict and manage maintenance costs.”
GE Capital notes additional findings from the survey included:
“Fleet managers increasingly are analyzing data to make cost savings, safety, and productivity decisions based on fleet performance and operations,” adds Doug Peters, analytics leader at GE Capital Fleet Services.