While many organizations have an accounting department for handling their finances, fleet managers must have some knowledge of the financial issues that affect their fleets. Such financial issues may include a financial analysis of various acquisition options, ability to conduct a life cycle analysis, basic accounting principles, benchmarking, outsourcing decisions, and preparing and implementing a fleet budget. This discipline’s competencies introduce each of these areas of fleet financial management.
Fuel can account for up to 60% of total operating costs, yet many fleet managers still lack a unified view of where that spend truly goes. While tracking fuel usage and expenses is nothing new, the integration of telematics and fuel data is unlocking a more strategic approach to benchmarking.
While many organizations have an accounting department for handling their finances, fleet professionals must have some knowledge of the financial issues that affect their fleets. Such financial issues may include a financial analysis of various acquisition options, ability to conduct a lifecycle analysis, basic accounting principles, benchmarking, outsourcing decisions, and preparing and implementing a fleet budget. Topics will include Personal…
Don’t miss joining your fellow fleet professionals in the Northcentral Region on Tuesday, November 18 for the NAFA Northcentral Region 100 Best Fleets Roundtable and Networking Event! The Regional Council is excited to bring this in-person educational experience to fleet professionals in the region and look forward to meeting you all. We will announce the meeting location in the Minneapolis…
Don’t miss joining your fellow fleet professionals in the Northwest Region on Wednesday, October 8 for the NAFA Northwest Region 100 Best Fleets Roundtable and Networking Event! The Regional Council is excited to bring this in-person educational experience to fleet professionals in the region and look forward to meeting you all. This exciting event packs a lot of learning and…
Don’t miss joining your fellow fleet professionals in the Southcentral Region on Tuesday, September 30 for the NAFA Southcentral Region 100 Best Fleets Roundtable and Networking Event! The Regional Council is excited to bring this in-person educational experience to fleet professionals in the region and look forward to meeting you all. We will announce the meeting location in the Dallas…
Don’t miss joining your fellow fleet professionals on Monday, July 14 for the NAFA Mid-Atlantic Region 100 Best Fleets Roundtable and Networking Event! The Regional Council is excited to bring this in-person educational experience to area fleet professionals and looks forward to meeting you all at the Virginia State Police Headquarters less than 20 minutes away from Richmond, Virginia! This…
For 25 years, the 100 Best Fleets contest has recognized the Americas’ most efficient and effective fleet operations, awarding them the recognition they deserve. Gain practical insights and inspiration by hearing from fleets of every sector and size during the 2025 Initiatives & Actions of the 100 Best Fleets Webinar Series. 05/21: Tom Johnson Award Winner, Fleet Professional of the…
NAFA’s 100 Best Fleets contest celebrates excellence in fleet management by recognizing top-performing fleet operations. Open to all fleet organizations and agencies across North, Central, and South America, the contest serves as a benchmark for outstanding practices in fleet management. The 100 Best Fleets project team analyzed the 2024 contest application data for a demographic overview of this year’s 100 Best Public and Commercial Fleets.
Benchmarking metrics are the foundation of accountability in professional fleet management. Fleet professionals continuously compare their agency’s current performance with the previous period data — as well as to that of similar agencies and — to help increase the performance of their fleet…