News Feature | June 10, 2014

Field Service IT News — June 10, 2014

By Amy Taylor, contributing writer

Field Service IT News

The news includes a report how the explosion of telematics data is transforming fleet management into a predictive science. Also in the news, Element Financial Corporation has an agreement to purchase PHH Corporation’s North American fleet management business. In response to the growing “sharing economy” are reports of car sharing technology in fleet management.

The Future Of Fleet Management Is In The Data

In a cover story, Rental Management reports that an explosion of available telematics data is turning fleet management into a predictive science that can improve efficiency, equipment utilization rates, and more. The data tracks equipment operations, location, engine idle time, fuel consumption, and fault codes which allows for a more detailed analysis that can yield greater profit.

Element To Buy North American Fleet Business

Bloomberg Businessweek reports that Element Financial Corporation, the Toronto-based equipment finance company, agreed to buy PHH Corporation’s North American fleet management business for $1.4 billion in cash to expand in the U.S. market. The transaction is the largest to date for Element, and the company plans at least two purchases totaling at least $918 million to expand its North American rail-car unit and enter the U.S. for vehicle fleet management.

Car Sharing Technology Reaches Fleet Management Systems

Government Technology takes a glimpse into the future of fleet management, examining the growing world of the “sharing economy.” The latest technology allows businesses to participate in car sharing, where employees can reserve cars via a mobile app, while fleet managers can also remove cars from availability for maintenance or other issues.

GPS Tracking Technology Allows For Efficient Company Monitoring

Guardian Liberty Voice elaborates on the benefits of GPS tracking to keep tabs on all vehicles and pertinent resources. These GPS systems are designed to work for various types of industries, including transportation, construction, cable, delivery, and elderly care. The technology can be used to adapt based on a company’s needs.

Field Service IT Talking Points

Supply Demand Chain Executive asks, “In the next 24 hours, how many decision will you make about your fleet?” The article explores the power of maximizing data to optimize the operations of business.

HousingWire reports that “Field Services Move One Step Closer to industry-wide background checks,” and delves into the staffing issues.

For more news and insights, visit BSMinfo’s Field Service Tech Center.