The Evolution of the Forklift Fleet Management Firm

The Evolution of the Forklift Fleet Management Firm

Every business has been affected by the evolution of technology, but it’s the businesses that adapt to these changes and embrace new working methods that thrive in this new industry. As time moves forward the way we work changes, and in order to bring the best possible output to the management of your fleet, so must fleet management firms evolve to meet the growing needs of a connected and more technologically advanced industry.

Long ago fleet management firms had a simpler and sometimes easier role in the industry. Their duties mainly consisted of managing a company’s often smaller fleet size and ensuring its working order and operability within the parameters of that fleet’s needs. These days, fleet management firms need to see beyond the operation and maintenance of fleets and provide companies with strategic solutions like purchasing, transportation, distribution and maintenance. Along with the advent of new technologies this also means fleet management firms need to be up to date on all current trends, apps and models that can bring a better working force to companies.

Technology to the fleet management firms of the past could have meant something as simple as fully understand the inner workings of your fleet’s engines and moving parts. But today fleet management firms need to equip themselves with the proper technology to show they are invested in getting the most out companies fleets. With the oncoming growth of driverless cars and automation software, it is paramount that all firms are not only embracing these advances, but are hiring the right kind of personnel to understand, implement and manage these technologies. Over the years many fleet management firms have brought on and entirely new department to cover the technological side of their business along with high-level c-suite level employees like CTO’s (Chief Technology Officer) to manage and oversee these departments.

Another growing trend in the future of fleet management is the need to cut emissions and lower company’s carbon footprint from their fleet. Luckily technology has followed this trend and there are many options to bring into company’s fleets to solve this issue, but a good fleet management firm is cognizant of these changes and can bring them forward to any company with ease.

So where does the future of fleet management firms lie? Clearly the industry has evolved but what is the next step or the next big thing? As previously mentioned driverless technology coupled with GPS mapping of company’s warehouses is a huge growing trend, along with tool management applications and other software to make the job of fleet management firms something far more technological and connected to a company’s business than it has ever been before. Along with new trends to training and a wider base of connected individuals, the industry itself could have an entirely new look and feel within the next generation.

The rapid growth and changing of technology is not going anywhere soon, but luckily the fleet management industry has embraced these changes and is adapting, creating new and better solutions for forklift power, warehouse solutions, employee outreach and more. As a fleet management firm there is no ceiling as to how high or how much a firm can help a company in its fleet management needs and potentially more.

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Our customers are at the center of everything we do. HCO knows that many of you are navigating unprecedented challenges and we’re here to help.

The current economic environment has created stress on many of the core industries that this country relies on to thrive.
- Corporate liquidity is at a premium and the management of your balance sheet is critical.
- Bank and vendor leasing for equipment is tightening as corporate credit ratings are in flux and lenders are focused on securing their own capital.

HCO is leading through this disruption with customized forklift fleet programs that allow companies to 1) replace fleet assets and 2) service those assets without relying on banks or vendors for leasing. Our managed service programs allow companies to secure assets and service programs with no upfront capital, and no end of term lease obligations. We are reinventing the way companies access equipment and service. Please reach out to discuss whether this would be valuable to your company.

As we execute our business continuity plan, we will rely on the guidance from the Center for Disease Control, federal, state, and local governments to guide our decisions to keep our employees and our customers’ employees safe. We are committed to continuing to provide clients with our valuable services.

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