GE Capital Fleet Services has introduced a new toll management program for fleet managers that will increase the visibility and control over toll expenses, and minimize administrative tasks and cost burdens.
The new program is being launched as US states and municipalities use toll collection as a source of revenue with the average toll violation rising 20% from 2010 to 2011 to $60 per violation.
According to the company, enrolled vehicles under the new program will use electronic tolling lanes, a faster and cheaper alternative to cash lanes.
GE Capital Fleet Services senior vice president and general manager of products and services Brad Hoffelt said that in addition to delivering hard cost savings and helping to eliminate toll violations, the program increases the productivity of fleet managers and drivers because they no longer have to spend time on administrative details such as submitting and processing expense reports or auditing toll charges.
By using the new program, fleet managers will receive one consolidated statement that provides an increased ability to budget, forecast and analyze tolling behavior.