As the COVID-19 situation continues to evolve, Latium Fleet Management is more dedicated than ever to helping our clients manage throughout these challenging times – and with good reason.

In a recent report from the Conference Board of Canada, the country’s economy is set to contract some 25% by the end of Q2 of 2020; Alberta’s economy is expected to decline by 5.8 per cent by the end of the year, the worst annual decline on record. Things are without a doubt going to be different.

But one question remains: is your fleet ready for a post-Covid world?

Our team has identified our Top Ten tips for Fleet Managers Post-COVID.

1. Evaluate Your Rental Options

While it might sound strange, a strategic rental program can actually be a benefit – especially when it comes to reducing your fleet’s Total Cost of Ownership.

2. Visit the Auction

With rental giants like Hertz filing for bankruptcy in the wake of this downturn, now is an excellent time to see about procuring ex-rental trucks for a fraction of market value.

3. Evaluate Vehicle Utilization & Idle Vehicles

As a way to accommodate surge demand, Fleet Managers typically set a goal to have no more than 1-3% idle vehicles at any given time.

4. Reassess Your Fleet Goals

If there’s been a lull in your day-to-day operations, it might be an amazing opportunity to start setting new goals for your Fleet – we recommend setting a cost savings goal of $1,000 per-month.

5. Assess Your Standard Operating Procedures

No Fleet Program can function without a comprehensive set of Standard Operating Procedures. But, as budgets get tighter, what worked four months ago may no longer be applicable. Take the time and assess where your processes can be streamlined.

6. Implement Driver Training Programs

Regardless of your fleet size, there’s always room for improvement! Use this time as an opportunity to implement processes or technology to help keep your drivers safe AND efficient.

To learn how we do it, check out Latlogix.

7. Catch Up on Maintenance

In the midst of this unexpected downturn, you should ensure that your vehicles are fully maintained and in fighting form.

You can also work on tweaking your preventative maintenance programs to ensure you make the most of your options going forward.

8. Consider Auditing Your Operations

While it might sound like a scary prospect, an audit can revolutionize how your business operates.

Find out how we work with customers through a Fleet Assessment.

9. Skip the Factory Order – Work With a Local Dealer

With enormous backlogs plaguing the assembly lines in Eastern Canada, we recommend working with local dealers as a means of meeting your fleet requirements – you’ll decrease your wait time AND likely get a better deal.

10. Implement Fleet Tracking

One of the most common things we hear from our clients when it comes to Fleet Tracking is how difficult it is to effectively install during busy seasons.

This lull could be just the opportunity you need to change how your business operates!

Find out how Latium could help you start your return from COVID 19 with a no-charge fleet assessment.