GE Capital Fleet Services has announced that it has identified $68 million of cost savings for customers in the third quarter of 2011. GE Capital works with customers to analyze their fleets to help them determine areas to reduce costs and maximize efficiency. In the first three quarters of 2011, GE Capital Fleet Services has identified more than $191 million in customer cost savings.
The largest areas of cost savings identified by GE Capital Fleet Services during the third quarter included:
•Optimal replacement strategies ($38 million): Determining the optimal time to cycle vehicles in a fleet, given applicable costs
•Negotiated maintenance savings ($15 million): Using technology and maintenance expertise to reduce maintenance spend
•Outsourced vehicle program versus company-owned or reimbursed vehicles ($8 million): Outsourcing fleet financing and management instead of owning a fleet of vehicles or reimbursing employees using their own vehicles
•Fuel cost savings ($4 million): Reduction in idling, speeding and after-hours use of fleet vehicles
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