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Energy Industry Overview

Following are just a few of the major trends and issues in the energy industry:

Future trends

• Global expansion / growth vector for US companies, such as Hunt Oil in Iraq

• Merger and acquisition activity

  • Strong cash flow and stock will fuel consolidation and acquisitions

• Need for qualified personnel

  • Need for retention

  • Specialized skill sets in short supply

• Possible downturn in oil, gas prices, or economy

  • Emergence of alternative energy?

• Increased focus on economies of scale

  • Expansion of existing production, distribution and refining facilities

• Need to increase productivity and production from existing assets

  • Opportunity for fleet to play a vital role

Opportunities for fleet to help their companies be more successful

• Optimizing fleet resources and embracing green initiatives

• Integrating new technology for increased productivity

  • Leveraging new technology tools and applications (such as PHH Collision Prevention or PHH Onboard)

• Greater focus on “the right tool for the job”

  • Focus on right-sizing fleet

  • Optimal routing

  • Correct weight for trucks

• Leveraging economies of scale for fleet management

  • Outsourcing more functions

  • Consolidation of vendor relationships

• Utilizing technology for internal communication

  • Greater use of custom reporting and data access for field personnel

• Re-positioning fleet vehicles as retention and recruitment option

  • Providing additional driver paid options

  • Looking at personal use chargeback
    
    

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