Keeping your wheels on the road – Key aspects of fleet management

Description

Abstract: There’s no doubt that fleet management requires an investment of time and finances. But the long-term savings, decreased equipment downtime and better efficiency gleaned from the effort can be significant. One must begin by comparing savings and tax considerations in regard to buying equipment vs. renting it. Maintenance and antitheft issues must then be addressed. A contractor might also need to hire a dedicated fleet manager or outsource the duties to a fleet management company. A sidebar to this article shows how to prepare for the next tier of Environmental Protection Agency engine emissions regulations.