Funding

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February 21, 2017 - Industry News

Audit: Va. City Behind on Replacements

Graph from City of Virginia Beach Audit of the Department of Public Works - Fleet Management’s Procurement Procedures

Insufficient funding, no separate funding for totaled vehicles, and the rising cost of equipment make it difficult for the City of Virginia Beach, Va., to replace all its aging units.

Tags: Funding, Driver Behavior, Vehicle Replacement, Accident Management, Motor Pools, Audits

January 4, 2017 - Industry News

Tenn. City to Replace Vehicles with $2M Grant

Photo via Flickr/WMmaster626

The City of Gallatin, Tenn., plans to replace several vehicles in its aging fleet after being awarded a $2.7 million state grant. The city plans to replace 19 vehicles and equipment, including refuse trucks, dump trucks, knucklebooms, and box vans.

Tags: Vehicle Replacement, Grant Funding, State Grants

December 30, 2016 - Industry News

10 Snow Plow Trucks Destroyed in N.Y. Fire

File photo

The Town of Irondequoit, N.Y., is taking snow plow loans after a Christmas Eve fire destroyed one-third of its plow fleet and its DPW building.

Tags: Vehicle Damage, Snow Plow

December 20, 2016 - Industry News

Mich. City Expands Vehicle Lease Program

The lease plan includes 14 2017 Chevrolet Malibu sedans. Photo courtesy of GM

The City of Kalamazoo, Mich., has decided to expand its vehicle leasing program after the City Commission approved a five-year $952,476 lease to replace 35 vehicles.

Tags: Leasing, Enterprise Fleet Management

December 16, 2016 - Industry News

Purdue University Leases Subarus for Motor Pool

Photo courtesy of Subaru

Purdue University in Indiana is leasing 78 Subaru Legacy sedans and 12 Dodge Grand Caravans from Enterprise Fleet Management to replace its aging fleet.

Tags: Leasing, Subaru Legacy, Procurement, Motor Pools, Enterprise Fleet Management

December 14, 2016 - Industry News

Fed Hikes Interest Rates for Second Time in Decade

Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.

Tags: Economy, Retail Sales, Interest Rates, Industrial Production, Manufacturing, Federal Reserve

December 12, 2016 - Industry News

N.Y. Municipality Receives Fleet Management Grant

File photo

The City of Kingston, N.Y., plans to implement new protocols for its fleet management program and update its greenhouse gas emissions inventory thanks to a new grant from the state.

Tags: fleet management, Grant Funding

December 9, 2016 - Industry News

Ind. County Takes Snow Plow Loans After Fleet Fire

Photo via Flickr/Will Merydith

Montgomery County, Ind., is scrambling to prepare for snow after a fire destroyed its plow fleet. It solicited and received snow plow loans from various cities and counties from around the state.

Tags: Vehicle Damage, Snow Plow, Winter Equipment

December 6, 2016 - Industry News

Texas City Eliminates New Fleet Replacement Fund

File photo

The City of Killeen (Texas) has terminated its newly created fleet funding program due to a budget shortfall. City Council voted to terminate it on Dec. 6.

Tags: Fleet Budget, Financial Planning, Internal Service Fund, Fleet Replacement Fund

December 6, 2016 - Industry News

Mich. City Partially Outsources Fleet Management

File photo

The City of Adrian, Mich., is entering into an agreement with Enterprise Fleet Management for fleet management services for six of its 38 non-emergency vehicles.

Tags: Outsourcing, Enterprise Fleet Management, Operating Costs

October 14, 2016 - Industry News

Wash. City Creates Fleet Replacement Program

File photo

The City of Prosser, Wash., has established its first ever fleet replacement program. The program is expected to be fully funded over four years, and the city is now making 125% yearly payments over the next four years.

Tags: Fleet Management Software, Fleet Replacement Fund

October 11, 2016 - Industry News

Utah City Leasing 3 Custom Fire Engines

The City of St. George is leasing three new pumper trucks for just over $2 million. The units will allow the Fire Department to retire reserve trucks that have been in use since the 1970s.

Tags: Leasing, Fire Equipment, First Responders

September 20, 2016 - Press Release

Merchants Fleet Management Creates Opportunities for Workforce

Merchants Fleet Management is accomplishing its goal of building and maintaining a fulfilling and rewarding corporate culture as the company experiences double-digit growth, the fleet management company announced.

Tags: Fleet Management Companies, Merchants Fleet Management

August 15, 2016 - Industry News

Mass. City Receives $4.9 Million Loan for Aging Fire Fleet

Photo via Flickr/Doug Kerr.

The Fall River Fire Department (Mass.) has received a $4.9 million federal loan to purchase fire equipment, including six new fire trucks.

Tags: Fire Equipment, Fire Trucks, Aging Fleet, Federal Grants, Grant Funding

July 18, 2016 - Industry News

N.Y. County's Lease Deal Reduces Maintenance Costs

Photo by Vince Taroc

Franklin County, N.Y., will replace more than two dozen aging vehicles with 2017 models leased from Enterprise Fleet Management.

Tags: Leasing, Enterprise Fleet Management, Small Fleets, Maintenance Costs

July 14, 2016 - Industry News

East Point Power to Lease Trucks

East Point Power Power Department has received approval from the City Council to lease eight trucks over the next five years.

Tags: Digger Derricks, Bucket Trucks, Elected Leaders

July 11, 2016 - Press Release

Enterprise Fleet Management Named ‘Most Innovative Company of the Year’

Enterprise Fleet Management is a Gold Stevie Award winner in the category of "Most Innovative Company of the Year – Up to 2,500 Employees" for the 2016 American Business awards.

Tags: Stevie Awards, Enterprise Fleet Management, Awards

June 14, 2016 - Industry News

LAPD Details EV Lease Deal

Photo of LAPD i3 courtesy of BMW.

The Los Angeles Police Department is leasing its 100 BMW i3 battery-electric hatchbacks through a local BMW dealership, following a competitive bidding process that didn't include Tesla Motors, even though the department tested the Model S as a possible police vehicle.

Tags: Closed-End Leases, LAPD, BMW i3, Battery-Electric Vehicles, Municipal Leasing

June 8, 2016 - Industry News

LAPD Adds 100 BMW i3 EVs, Spurns Tesla

Photo courtesy of City of Los Angeles.

The Los Angeles Police Department will lease 100 BMW i3 battery-electric hatchbacks and install DC fast chargers to support the vehicles that the agency will use for community outreach and other police business.

Tags: LAPD, BMW i3, Battery-Electric Vehicles, Municipal Leasing

May 11, 2016 - Industry News

Colo. City OKs $1.1M for Police Vehicle Leases

Photo courtesy of Ford.

The Pueblo (Colo.) Police Department will add 22 new Ford Police Interceptor SUVs after the city council approved a $1.1 million, five-year lease agreement for the vehicles.

Tags: Vehicle Replacement, Aging Fleet, Municipal Leasing

April 27, 2016 - Industry News

Ga. Mayor Wants to Lease Refuse Trucks

Revenue from a $2-per-month hike in garbage collection fees could fund lease payments on 33 new garbage trucks and significantly reduce annual maintenance costs on aging vehicles for the Consolidated Government of Columbus, Ga., under a new proposal from Mayor Teresa Tomlinson.

Tags: Refuse Trucks, Aging Fleet, Replacement Cycles, Enterprise Fund, Elected Leaders, Municipal Leasing

April 20, 2016 - Industry News

City to Sell Refuse Fleet, Still Owes $5.8M

The City of Fall River, Mass., is privatizing the city trash collection, entering into a 10-year contract with a private provider beginning July 1. The city will sell its refuse fleet, for which it still owes money, for less than its value.

Tags: Remarketing, Outsourcing, Refuse Trucks, Bond Financing

March 28, 2016 - Industry News

Vision Fleet Renames Itself As Evercar

Vision Fleet has renamed itself as Evercar, and set up a fleet leasing division called Evercar for Fleet that will continue to provide battery-electric vehicles to government and commercial fleet customers.

Tags: Fleet Management Companies, Battery-Electric Vehicles, Vision Fleet

March 22, 2016 - Industry News

San Diego to Tap Replacement Fund for 'Critical' Vehicles

Photo of new Ford Police Interceptor Utility courtesy of City of San Diego.

The City of San Diego has begun using a $16-million reserve fund to immediately replace aging fleet vehicles that have been deemed 'critical,' and will consider leasing, financing, and other funding options to close its replacement backlog.

Tags: Vehicle Replacement, City of San Diego, Fleet Replacement Fund

March 17, 2016 - Industry News

Mobility Ventures Offers Incentives for Paratransit Vehicles

Photo courtesy of Mobility Ventures.

Mobility Ventures will offer incentives from $3,000 to $5,000 to customers who purchase its 2014 MV-1 custom-built paratransit vehicles, the company has announced.

Tags: Paratransit, Mobility Ventures, Fleet Incentives

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Al Cavalli's fleet industry career began in 1948 at Universal CIT Credit Corp. (UCIT) working with mentor Emil Ames.

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