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Fleet Management Companies

Little-Known Story on What Motivated GE’s Entry into the Fleet Market

As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.

New Category of Fleet Manager to Gain Legitimacy

For the past several decades, FMCs have employed in-house fleet managers in their fleet administration departments to manage client fleets, but were promoted from within the FMC. Now, we are starting to witness FMCs hiring traditional fleet managers. Does this make a trend? It is still too early to tell, but, what I can say is that it has caught our attention. My prediction is that this is indeed the start of a bona fide, long-term, industry trend that will accelerate in future years.

Drivers are the Weak Link in License Plate Disposition

Although fleet management requires a strategic perspective, the reality is that it is a detail-oriented profession. The job requires paying attention to a multitude of details crucial to ensuring a well-run fleet. But, as the saying goes, the devil is in the details. A case in point is license plate disposition.