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FleetManagementWeekly
November 20, 2024

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Editor’s Analysis & Top Industry News

Giving Thanks

 

“Be present in all things and thankful for all things.” ~ Maya Angelou

Our FMW team thanks our readers and contributors and wishes you all a peaceful and happy Thanksgiving.

 

Please note that the next edition of the FMW newsletter will be on December 4th, and that you can check in at FleetManagementWeekly.com for daily updates.


VIDEO: A State of the Art Bed Liner

Patriot has a state of the art bed liner product that’s been perfected through over 30 years of industry experience.

VIDEO: Ore Creek Fleet Consulting


  Introducing New Vendors in the Fleet Market to Potential Customers
 

Ore Creek Fleet Consulting is focused on introducing newcomers to the fleet market to potential customers who might need their services.


Zoom Video Interview with You Here?

  Request for Zoom Video Interviews
 

We now conduct the majority of our interviews via Zoom, and are looking to speak with a variety industry experts (and we know that many of you are reading!).

Please feel free to suggest yourself, or someone you know. Any and all timely industry topics will be considered, and we look forward to speaking with you!

Email Ted Roberts to learn more: [email protected].


Spotlight

Verizon Connect Report: Fleet Tech Adoption, ROI Gains, Safety Improvements Verizon Connect Report: Fleet Tech Adoption, ROI Gains, Safety Improvements

Verizon Connect released its fifth annual Fleet Technology Trends Report, which highlights how fleet management technology continues to serve as a dependable asset for boosting performance across small, medium, and enterprise fleets.

The report shows strong adoption of fleet technology, with over 80% of respondents consistently utilizing at least one form of technology. GPS fleet tracking is a standout, with 69% of fleets across industries reporting its use.

“As fleet management continues to evolve, it’s clear that technology is more than just an investment, it’s a critical driver of efficiency, safety, and sustainability,” said Peter Mitchell, General Manager, Verizon Connect.

READ MORE

Introducing Truckstop’s Risk Factors Advanced

In recognition of International Fraud Awareness Week (Nov. 17-23), Truckstop introduced Risk Factors Advanced, the ideal carrier vetting solution that serves as the first line of defense for a growing enterprise business that requires more automation and sophistication.

Previously announced as Risk Factors Essentials, it combines Truckstop’s vast proprietary, licensed, and public data to equip brokers with information to help combat fraud and mitigate risk.

“We continue to support brokers with new innovations in their high-stakes environment—from pre-vetting and onboarding to continuous monitoring,” said Lisa Haubenstock, vice president of product, risk & compliance solutions, Truckstop.

READ MORE

Q3 White Metal Market Report: Used Wholesale Market Remains Steady Q3 White Metal Market Report: Used Wholesale Market Remains Steady

By Bill Bishop, SVP of Sales and Marketing, FLD Remarketing

Welcome to the third installment of the 2024 White Metal Market Report, our quarterly look at news, views and important topics affecting the used white metal vehicle market (we even chime in on the big trucks too).

Looking back on the third quarter is a lot like looking back on the rest of 2024 – and a good part of 2023 as well. For the most part, used vehicle markets have stabilized after experiencing a rocky four months.

Despite the fact that anything can happen in a world that has the capability to change in an instant, we don’t see those kinds of dramatic changes for the used white metal market as we head into the end of 2024.

READ MORE

Class8’s platform blends OEM data and advanced AI to optimize fleet operations, enhancing each truck’s ability to adapt and stay profitable. Class8 Raises $22M Series A to Empower Carriers and Drivers with OEM-Integrated AI Solutions

Class8, previously recognized as FleetOps, announced it has secured $22 million in Series A funding, led by Xplorer Capital with new investor Commerce Ventures and returning partners Inspired Capital and Resolute Ventures.

Class8’s platform blends OEM data and advanced AI to optimize fleet operations, enhancing each truck’s ability to adapt and stay profitable.

“We’ve transformed our platform into a single operations hub that eliminates planning headaches and busywork,” said Chris Atkinson, CEO of Class8. “Our enhanced system now includes automated backhaul finding and real-time route planning–all powered by direct OEM connections. The result is a full solution that maximizes carrier efficiency by reducing operational costs.”

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The Fleet Technology Index


By Fleet Management Weekly Staff

Escalent, a top research, data analytics, and advisory firm, works with vehicle manufacturers and service providers to help them develop products and services that better serve fleet businesses and decision-makers.

They also release an annual Fleet Technology Index (FTI) report, a study of fleet decision-makers that gauges emerging technologies among commercial vehicle and fleet businesses.

We spoke with Dania Rich-Spencer, Vice President of Escalent’s Automotive and Mobility Team, to learn more about this year’s report.

“The report certainly indicates that the future is bright for these advanced and emerging technologies. Fleets are very resilient. They’re committed to sustainability and success in the future.”

READ MORE

 

Acquisition Strategies


By Brad Parker, Co-Founder and CEO, DealNow.com

By embracing insights-driven digital solutions, vehicle fleets can access a wider pool of inventory, make data-informed decisions, and provide a more transparent and efficient experience for both buyers and sellers.

New tech platforms are reimagining exciting possibilities for fleets to tap into and connect directly with consumers looking to buy or sell their vehicles. This approach bypasses the go-betweens typically involved in wholesale auctions and provides several advantages.

By adopting new technology platforms that facilitate direct-from-consumer acquisitions, fleets can expand their inventory sources, improve efficiency, and enhance security in transactions.

READ MORE

 

Cellular Connectivity and IoT


By Sharath Muddaiah, Head of Portfolio Strategy for IoT Solutions, Giesecke+Devrient

The Internet of Things (IoT) has reshaped the automotive fleet industry, modernizing how fleet vehicles operate and interact with their environment.

Cellular connectivity serves as the backbone for IoT innovations in these connected vehicles, enabling a range of data-driven services that enhance functionality and safety. From a fleet industry perspective, IoT creates a network of interconnected devices that collect, share, and analyze data to improve fleet vehicle performance.

As technology changes, we can anticipate significant improvements in fleet vehicle safety, fuel efficiency, and user experiences. Improved connectivity will enable vehicles to communicate with each other and infrastructure, reducing traffic congestion and improving road safety.

READ MORE


Trending

The 23 Most Dangerous Cars on The Road

iSeeCars.com analyzed fatality data from the National Highway Traffic Safety Administration’s Fatality Analysis Reporting System (FARS) of model year 2018-2022 cars with car crashes that resulted in at least one occupant fatality to identify the most dangerous vehicles on U.S. roads today.

The Hyundai Venue, Chevy Corvette, and Mitsubishi Mirage are the three deadliest cars on American roads, based on fatal accidents per mile traveled. The Porsche 911, Honda CR-V Hybrid, Tesla Model Y, Mitsubishi Mirage G4, Buick Encore, Kia Forte, and Buick Envision round out the top 10 deadliest vehicles, with fatal accident rates between 2.8 and 4.9 times the average.

via iSeeCars.com

Volkswagen’s ‘Active Hood’ Technology Could Save Pedestrian Lives

image: InsideEVs

Pedestrian safety is something modern American cars struggle with, partly because there’s no standard in place to test how a human head hitting a vehicle hood would fare in an impact.

Some new vehicles have hoods that automatically pop up before hitting a pedestrian, but not many can automatically retract the hood back to its original position after the impact is avoided. Volkswagen recently showcased how such a system would work.

Volkswagen’s Proactive Pedestrian Protection system will offer a function that automatically pops open the hood. The feature is intended to soften the impact for a pedestrian’s head. If it’s a false alarm, the hood automatically closes.

via InsideEVs

Consumer Sentiment Hits Multiyear High as Gas Prices, Interest Rates Decline

Consumers are starting to see the light at the end of the automotive market’s long, dark tunnel. New data from Cox Automotive shows that these economic improvements are sparking renewed activity in both new and used car markets, with retail sales surging compared to last year.

The Index of Consumer Sentiment from Morning Consult reported a 4.6% increase so far in November, continuing a steady rise over the last five months. The impact is clear: automotive sales were up significantly in October. Yet, new car inventory continues to grow, underscoring the need for greater incentives from automakers. October saw car sales up 13% compared to the same period last year, a clear sign of market recovery.

via Autoblog

US to Add Features Such as Blind Spot Warnings and Pedestrian Detection to Vehicle Crash Ratings

The U.S. government’s automobile safety ratings will get a major update starting with the 2026 model year when regulators add new driver-assistance technologies and tests for protecting pedestrians.

The National Highway Traffic Safety Administration said Monday that it has finalized the changes, which were required by Congress under the 2021 bipartisan infrastructure law. In addition to the five-star ratings for crash tests, the agency will add four new technologies including pedestrian automatic emergency braking, lane-keeping assist, blind spot warning, and intervention if a driver tries to move toward a vehicle in a blind spot.

via ABC News

Reimbursement


By Cardata

The days of choosing between fleet vehicles or a Vehicle Reimbursement Program (VRP) are behind us. More and more companies are adopting a hybrid approach that blends and mixes both strategies, allowing for greater flexibility, scalability, cost effectiveness, and sustainability.

This mix and match strategy acknowledges that one size doesn’t fit all in the world of vehicle programs, and by combining fleet and VRP, businesses can better meet the needs of their mobile workforce while also driving toward their organizational goals and KPIs.

The hybrid approach to VRPs and fleets offers a balanced, flexible, and forward-thinking strategy for companies navigating the complexities of fleet management and employee mobility.

READ MORE

 

Fleet Marketing


By Ed Pierce, Fleet Management Weekly’s Brand Acceleration

Content marketing has become a crucial element in contemporary marketing strategies, providing advantages that traditional advertising often fails to achieve.

This impactful approach centers on the creation and dissemination of valuable, relevant, and consistent content aimed at engaging and retaining a well-defined audience, ultimately leading to profitable customer actions.

A fundamental reason for the effectiveness of content marketing lies in its capability to foster trust and credibility among your audience. It also plays a significant role in boosting brand visibility by improving your online presence.

Content marketing serves as a powerful means for lead generation. By creating content tailored to various stages of the buyer’s journey, you can engage potential customers and guide them through the sales funnel.

READ MORE

 

Customer Driven


(Yoda Image Licensed from Deposit Photos)

By Laura Jozwiak, Wheels

While Yoda guided Luke Skywalker to master the light side of the Force, his wisdom offers surprising relevance to today’s world of customer service.

Yoda’s teachings can remind us to approach our work with purpose, resilience, and clarity. One quote stands out: “Do or do not. There is no try.”

Successful customer service now requires a strategic blend of rapport, results, and data-driven insights that deliver real value. Navigating these high expectations might feel daunting, but Yoda’s reminder rings clear: our commitment must go beyond simply trying.

READ MORE





Fleet Management Resources

 

AFLA
The Automotive Fleet & Leasing Association works with member companies to address key issues facing the entire industry and deliver leading-edge programs that advance their skills and enhance the environment in which they sell products and services.

Kingbee
Reimagining commercial van and fleet rentals. We upfit in-house, add your signage and ship your fleet vans to 48 states.

Ranger Design
Work van equipment tailored for your every need. Committed to developing products and solutions that help customers save time and money, do more with less, and meet – and exceed – their biggest goals.

eDriving
eDriving partners with its clients to engage with drivers and their managers to create a culture that supports lasting behavioral change to reduce collisions, injuries, license violations as well as a fleet’s total cost of ownership.

NAFA Fleet Management Association
NAFA is the association for the diverse vehicle fleet management profession regardless of organizational type, geographic location, or fleet composition.

SuperVision
SuperVision is a fleet driver management solution for MVR & license monitoring, fleet management, fleet safety oversight and driver performance and retention.

FLD
The fast, easy way to remarket without risk. Get an offer in hours, paid in a few days. Improve TCO. Save time, money and resources.

PARS
PARS’ mission is to provide you with high-quality service at competitive prices for all of your transportation needs.

Wheels
Helping vehicle fleets exceed their business goals since 1939, Wheels is committed to truly understanding your unique needs and providing solutions to help you succeed.




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