Fleet Advantage Wraps Fiscal Year with Considerable Achievements & Milestones
Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, announced substantial achievements for its fiscal year ending June 30.
Lease Origination and Syndications underlined an impressive 12-month record for the company, driven by new analytic innovations, key strategic partnerships and a new brand identity.
“These program accomplishments help our fleet customers remain highly competitive in today’s challenging market, said Brian Holland, President and CEO of Fleet Advantage. “Our team’s commitment to excellence has enabled our private fleet customers to remain profit-driven, and the continuous innovation in data analytics we've achieved is a testament to their talent and perseverance.
‘Charger Hogs’ Are Ruining the Electric Vehicle Experience. One Company is Clamping Down on Bad Manners
Charger access has been a sore point among EV owners for years. But it’s becoming a more critical issue because, even though the rate of EV sales growth is tapering off, the number of EVs on the road that need charging is still increasing.
Electrify America, one of America’s biggest charging companies, is experimenting with a solution to the problem of charger hogs who can make it slow and unpleasant to travel in an EV. At 10 of the busiest EV fast charging stations in California, Electrify America has enacted a strict limit. Once a car’s batteries are 85% charged, charging will automatically stop and the driver will be told to unplug and leave or face additional 40-cent-per-minute “idle time” fees for taking the space.
AFLA Conference Presents Author, Futurist Jack Uldrich as Keynote Speaker
AFLA Conference Keynote Speaker - Jack Uldrich Wednesday, September 18 | 8:30am CT
No one can predict the future, but Jack Uldrich can help you prepare for it. Jack Uldrich is a leading futurist, author, and speaker who helps organizations gain the critical foresight they need to create a successful future.
For more details and/or to register, click here.
Lighted Sidewalks Could Make Drivers More Likely to Yield to Pedestrians
Insurance Institute for Highway Safety (IIHS) found that, in areas with few streetlights, drivers were three times more likely to yield to pedestrians at illuminated crosswalks than dark ones, and 13 times mores likely to yield at crosswalks with flashing yellow warning beacons.
About 75% of the 7,522 pedestrians killed in motor vehicle crashes in 2022 were killed in the dark.
"Solutions aren't always complicated," IIHS president David Harkey said in a statement. "We can stop pedestrians from being killed if we make sure drivers see them—but first city planners and road designers have to see the light."
Ford Turns ‘Dirty’ Business into a Profit Driver. GM and Stellantis are Taking Notice
Ford Motor Co. has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse.
“There’s much more of an emphasis now on profitability and how fleet can help that,” said Mark Hazel, S&P Global Mobility associate director of commercial vehicle reporting. ”[Automakers] are looking at how they strategically go about this. It’s been a very targeted approach with how they deal with fleets.”
Many fleet sales, especially daily rentals, have historically been viewed as a negative for auto companies. Ford has proven that’s not the case by breaking out financial results for its “Ford Pro” fleet business. The operations have raked in about $18.7 billion in adjusted earnings and $184.5 billion in revenue since 2021.
