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At $3.65, gasoline prices in early July are the highest since 2008 when the price was close to $4.10, according to WEX Inc. But experts predict prices to slowly fade for the remainder of July.
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The Canadian fleet market consists of approximately 1 million light- and medium-duty vehicles. The average fleet in Canada operates between 35 to 45 units. Light- and medium-duty trucks and vans constitute approximately 60-65 percent of the market, while passenger cars constitute approximately 35-40 percent of the market.
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More than 50 million vehicles are registered in Germany, about 10 percent of which are registered as company cars. Despite a 3-percent drop in new-vehicle registrations for 2013, about 23 percent of the 3.1 million were registered as company cars — the second-best result after 2011 for the past 10 years.
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There is ongoing pressure to contain fleet costs due to corporate cost-cutting initiatives. Pressure for spend reductions is occurring at all levels within corporations, and fleet operations is simply another department mandated to cut costs. Reducing fleet costs is a constant, never-ending struggle for all fleet managers.
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There are dramatic differences between regional fleet markets around the globe. Yet, despite these differences, there are also many similarities. Many of the challenges facing fleet managers are identical to the challenges facing their counterparts elsewhere in the world. Oftentimes, fleet best practices in addressing these challenges emerge from outside your local market, which is good reason to be familiar with what’s occurring elsewhere in the world. Here are the top 10 universal mega trends.
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The national average price of gasoline fell three cents to $3.239 a gallon for the week ending Dec. 16, remaining just above a three-year low due to favorable energy economics.
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FleetAdvance from Comdata allows fleets to find lower-priced fueling stations, set fuel price thresholds and track fuel savings in real time.
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Fuel is one of the largest expenses associated with owning and operating a fleet, typically, second only to asset acquisition and depreciation. Here are some strategies to mitigate the effects of fuel price fluctuations and increases without impacting service levels.
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The national average price for gasoline rose 2.5 cents to $3.219 for the week ending Nov. 18, halting a nearly two-month decline that brought prices to the lowest level in almost three years.
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The national average price for gasoline continued its decline, falling 7.1 cents to $3.194 for the week ending Nov. 11, reaching its lowest level in almost three years.
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