Recent increases in gas prices over the past 6 – 12 months are taking its toll on the fleet management industry. According to a recent survey conducted by GE Capital Fleet Services, 29% of respondents said the recent surge in fuel prices is their number one concern, up 12 percent from one year ago. The other two major concerns for fleet management was driver safety and cost savings.
Concern for driver safety increased in 2011 to 28 percent from 21 percent in 2010, while cost savings fell as a priority but remained important at 23 percent, down from 36 percent in 2010. cost savings are now a bigger focus for executive management according to fleet managers. Sixty-four percent of those surveyed indicated that executive management’s main focus for fleets is cost savings, up from 48 percent in 2010.