Fleet FAQ

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Fleet FAQ? Fleet Management & Leasing

March 23, 2017

Q. What are the long-term benefits of ELDs?

A. The ELD mandate was established to make it easier to keep logs and inform drivers and carriers so they can better manage fatigue. Increased safety leads to fewer accidents, which saves lives in addition to reducing costs. ELDs will also streamline logging procedures, cut down on paperwork and facilitate quicker roadside inspections.

Expert Bio

Answered by : Tom Coffey

Vice President

With over 30 years of experience Tom is an expert in both the fleet and equipment leasing industry. As a member of senior leadership he provides not only vision for the company, but also helps delivers best-in-class results across all operating areas. Tom is also instrumental in helping to elevate and advance the Merchant Fleet Management brand.

With over 30 years of experience Tom is an expert in both the fleet and equipment leasing industry. As a member of senior leadership he provides not only vision for the company, but also helps delivers best-in-class results across all operating areas. Tom is also instrumental in helping to elevate and advance the Merchant Fleet Management brand.

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Fleet FAQ? Fleet Management & Leasing, Questions?

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Q. How do I start formulating an emergency plan?

Regardless of a fleet’s unique situation, managers should have plans and policies in place ahead of time. Step one is...

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Q. How do I keep drivers informed of emergency procedures?

Just as with all other fleet policies, drivers should be provided with a clear understanding of emergency procedures on day one. Make sure you...

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Q. How can fleets plan for changing fuel supplies during extreme weather events?

Fleets using fuel cards should have a “storm profile” in place. A storm profile will permit...

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Q. What should I expect from my fleet provider during the recovery phase?

If you have an accident management program, your fleet partner should...

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Q. How do I start the RFP process?

A. The key to a productive RFP is clarity. Before you start to lay out your RFP, take some time yourself or with your team to lay out the specific challenges you are looking to solve and to...

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Q. What are the key pieces I need to include in an RFP?

A. You want prospective vendors to be able to get a sense of what it would be like to work with your company, both during the RFP process and if they were to win your business. Make sure you clearly describe your...

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Q. What types of questions should I include in an RFP?

A. It depends on your selection criteria. When you’re clear on your criteria, it makes it easier to select the most useful questions to include on your RFP. For example, if availability of a...

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Q. Are there template RFPs that companies can use?

A. Templates are available, but any template should be considered just a starting point. Make sure to eliminate sections or questions that do not apply to your business goals and adjust...

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Q. Where should a company start when they are evaluating whether to lease vehicles or have a reimbursement program?

A simple starting point to compare your options is to speak with a fleet provider to obtain a quote for leasing. When comparing a lease program to reimbursement, the total cost of ownership should be...

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Q. What are some of the benefits of a reimbursement program?

Usually it is advantageous for drivers with low mileage to be a on a reimbursement program. Because of their streamlined approach, reimbursement programs are...

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