This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Capital Fleet Services Identifies $191 Million In Identified Customer Cost Savings In The First Half Of 2013

GE Capital Fleet Services today announced $191 million in identified customer cost savings for the first half of 2013, with program enhancements cited as the leading area for savings. By analyzing customer fleet data, GE Capital highlights areas for cost savings and increased productivity and has identified more than $1.6 billion in potential savings opportunities for customers since 2008.

“We are in constant communication with our fleet customers to identify areas where they can realize cost savings and make productivity improvements,” said Steve Jastrow, Strategic Consulting Services Manager at GE Capital Fleet Services. “Streamlining routine, but critical processes, continues to be an important component of cost savings plans. Utilizing programs to cut down the time and cost burden surrounding violation expenses, for example, has proven beneficial for fleet managers.”

The largest areas of cost savings identified by GE Capital Fleet Services during the first half of 2013 include:
  • Program Enhancements: Utilizing programs to properly manage time and expenses including; maintenance, fuel, accident and safety costs, telematics, licensing and registration fees, and toll & violation expenses
  • Vehicle Replacement Analytics: Determining the optimal time to cycle vehicles in a fleet to reduce maintenance and fuel costs and to decrease overall fleet depreciation
  • Vehicle Selection: Ensuring a fleet has the best vehicles to meet their company’s specific needs
  • Lease Versus Reimbursement: Identifying cost-cutting opportunities to convert companies’ driver reimbursement programs into vehicle leasing programs
  • Lease Versus Purchase: Determining whether leasing or owning vehicles is the most cost efficient way to manage a specific company’s fleet

“One of our top priorities is to identify time and cost savings solutions for fleet managers so that they can focus on the day-to-day operations of their fleet,” said Ken Johnson, Managing Director Strategic Consulting and Fleet Management Solutions at GE Capital Fleet Services. “We strive to make sure our customers have the best knowledge and resources to enable an optimal return on their fleet investment.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs