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While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will need to be replaced vary between half a million and million vehicles, including as many as 18,500 fleet vehicles.
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Heavy flooding from what is now Tropical Storm Harvey has disrupted commercial fleets in the Houston area, as corporations and fleet management companies have begun reaching out to their employees and fleet drivers to ensure their safety and assess damage to fleet vehicles.
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UPS and FedEx have both pledged $1 million through charitable foundations in support of recovery efforts in Texas and Louisiana following the devastation from Hurricane Harvey.
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National gasoline prices spiked amid the devastation caused by Hurricane Harvey, as the average price increased 4 cents to $2.37 per gallon for the week ending Aug. 28, according to AAA.
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Hurricane Harvey, whose heavy rains brought devastating flooding to Houston and much of south Texas, may yet cause more trouble for the region-- the National Weather Service predicting an additional 25 inches of rain through the end of the week in certain areas.
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With the National Weather Service calling Hurricane Harvey "unprecedented" and "beyond anything experienced," hundreds of highways are closed, trucking is already mobilizing relief, and at least one trucker was among the thousands who had to be rescued over the weekend.
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Meteorologists say the storm could dump up to 30 inches of water on the Texas and Louisiana coasts and are urging drivers to stay off of roads.
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The company manages storm response activities from its Storm Center in Atlanta and often deploys the Mobile Command Center to affected areas to serve as the company's communication and tactical hub.
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The National Hurricane Service downgraded the hurricane to a Category 2 storm at 5 p.m. Friday, reporting maximum winds of 110 mph. The Center also discontinued all coastal warnings south of Volusia County, and utilities in Florida have begun restoration efforts.
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Florida Power & Light Company (FPL) was able to announce that service restoration is complete for customers who were affected by Hurricane Hermine, in line with its pre-storm commitment to restore power to the majority of affected customers within 24 hours of the storm's passing.
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