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Although prices fluctuate, oil prices have reached historic highs, and gasoline prices likely will follow. There are many proven ways to control fuel expense, but some that are circulated may be urban myths.
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Fleet managers describe how the ability to track vehicle location, gas consumption, and preventive maintenance has benefited their fleets.
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Yes, they have four tires and steering wheels, just like cars. But there are some differences between trucks and cars, and those differences impact managing fuel expense.
Read More →There are only two ways that a company can increase the bottom line: increase sales or reduce expenses. Increasing sales only improves profits at the company’s after-tax profit margin, i.e., at a 5-percent margin, a dollar increase in sales produces only a nickel of profit. Expense reduction, however, drops to the bottom line dollar for dollar.
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