THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Mastercard has unveiled a fleet fuel payment service that is designed to reduce spend by integrating fuel and maintenance monitoring available on connected vehicles into the fuel payment process.
WEX Inc. has launched ClearView Snap, the next evolution of its ClearView data analytics platform that offers fleet managers and administrators emailed insights into fleet expenses.
Chevrolet will allow drivers to pay for fuel at participating Shell stations using a mobile app in the vehicle's infotainment system with a new electronic payment solution, General Motors has announced.
While technology, such as telematics, will help fleet managers monitor fuel management, other upcoming technological advancements may sway the way fuel management as a whole is managed in the future.
Fleet operating costs remained stable in CY-2017, primarily due to the lower volatility of fuel prices. But, there is upward pressure on maintenance labor rates and higher commodity prices that will impact the cost of replacement tires.
Since 2016, there has been an ongoing uptick in fuel card fraud. In light of this, it is important for companies to develop a fraud prevention strategy addressing misuse, slippage, and outright fraud.
Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
Fuel is perennially one of the top fleet expenses. Thanks to an array of technology, fleet managers now have the means to get the most fuel for their dollars.
Orpak Systems, a solution and service provider for retail gas stations and commercial fleets, has acquired Brazilian fiscal fuel station management software provider Microsffer.
With fuel representing 60% of a fleet’s total operating costs, lower fuel prices are keeping overall fleet costs flat. Also, vehicle build quality is high, curbing maintenance costs, and lower commodity prices have stabilized tire prices.