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Explore the many ways fuel costs can get out of control and how you can stop it.
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Home service companies offer a wide menu of services. This can require vehicles with plenty of space for equipment, upfitting to keep supplies organized, and a system that helps the main office keep track of vehicles.
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The advantages of tracking driver spending can't be overstated, as the data provided can help fleet managers assess if drivers are efficiently purchasing fuel, as well as identify high-performing vehicles and drivers who can serve as examples to the rest of the fleet.
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Fleet cost-reduction programs typically focus on the asset; however, there’s a limit to how much a fleet manager can modify truck specs without impacting the fleet mission. True cost savings are to be found in areas beyond the asset.
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Element Fleet Management is forecasting an 11% increase in fuel costs for the coming year compared with a 12% decrease over the past year that should increase total cost of ownership for light-duty vehicles.
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These are some of the tried-and-true methods that fleets should consider when looking to reduce fuel costs.
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From pricing to convenience, there are many benefits for an on-site fueling facility. But, time to recoup initial investments and additional maintenance requirements should be considered.
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Retail industry drivers purchase more premium fuel and higher-priced fuel on average than other industries, while telecommunications, insurance and government fleets keep overspending in check, according to data from WEX Inc.
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An explosion in Alabama on what’s said to be the biggest fuel pipeline in the U.S. Monday will likely lead to a temporary price spike in diesel and gasoline in the Southeast states served by the pipeline and also may affect the Northeast.
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ARI's Fuel Cost Reduction Program, which has helped companies better understand, manage and reduce their annual fuel costs by improving driver behavior and identifying less expensive gas stations, has earned the company a place on the first-ever Analytics 50 ranking.
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