FASB Rule Change: Little Impact Seen on How Fleets Work
What fleet managers need to know about the upcoming FASB accounting rule changes
By Mark Boada, Senior Editor
New rules for how publicly traded companies account for fleet vehicle operating leases start to take effect this year, but it appears that other than complying with the paperwork requirements, the general consensus among both fleet leasing companies and accounting firms is that they won’t change the way core fleet decisions are made.
The real aim of the new rule isn’t to change the way fleets do business, but to provide full disclosure to investors about how much money fleet operators owe by putting both sides of the lease on a company’s balance sheet. To clarify, I offer this little bit of review.
The Power of Unexpected Service
What does unexpected service mean in your industry?
By Laura Jozwiak, Senior Vice President of Sales and Client Relations, Wheels, Inc.
I was recently traveling on a pretty typical flight but had an atypical experience. As we settled into our seats and turned off our cell phones, the captain greeted us. Only it wasn’t over the loud speaker, it was in person.
“Welcome to American, I’m Captain Chris. Anyone been to Colorado before? Anyone been on one of my flights before? Anyone ski? I just took up skiing a few weeks ago and believe me, you will appreciate falling into all the fresh fallen snow.” And while this exchange only lasted a few minutes, he engaged all the passengers while providing some insight into himself, his personality and interests. In just a few short minutes, we got to know Captain Chris much better.
But he didn’t stop there.
Mexico Warns U.S. It’ll Cut Off Nafta Talks if Tariffs Added
Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta, saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border.
“The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up from the table,” Mexican Economy Minister Ildefonso Guajardo said in an interview. “Bye-bye.”
Kontos Kommentary – January 2017 Edition
In the latest Kontos Kommentary, Tom Kontos, Chief Economist at KAR Auction Services, provides his insight and updates regarding used vehicle market conditions. To read the entire Kontos Kommentary for January 2017, visit https://www.adesa.com/kontos-kommentary.
Quarterly Business Reviews for Fleet Managers
As fleet managers continue to do more with less, having trusted partners is more important than ever. The quarterly business reviews that Shell does for fleet managers is just one great example.
