Fuel costs are a major concern for the fleet industry, often constituting the largest portion of operating expenses. Fluctuating fuel prices, influenced by global events and market dynamics, add a significant level of unpredictability to budgeting and operational planning for fleet businesses. In the context of rising fuel prices post-pandemic and geopolitical events such as the conflict in Ukraine, managing...
Fuel is one of the most fluid factors - literally and figuratively - to determine the success of fleet management. Whether one considers price hikes or supply chain issues, fuel economy for fleets remains top of mind for all fleet companies. While you may not be able to control the fuel market’s volatility, there are factors to consider when it...
Inflation, the COVID pandemic and the war in Ukraine have all contributed to an already exorbitant rise of fuel costs in North America. Fleet managers everywhere are looking for ways to reduce fleet fuel costs. In 2019 alone, fuel was $2.60 per gallon. In March, 2022 fuel prices reached $4.17. With no relief in sight, fleet managers are continuously looking...
Like it or not, fuel is the biggest expenditure for efficient fleet management. A custom fuel management system is the perfect solution to understand gas consumption within your fleet. Many fleet managers are incorporating fuel management systems into their daily operations. Leveraging telematics technology offers valuable insights into fuel usage and allows you to optimize this valuable asset across the...
January 2, 2019
Jimmy Song
John’s company uses fuel cards. Fuel cards are convenient because employees like John can buy fuel with company money. However, more importantly for John, he occasionally uses his company card to buy fuel for his personal car. In other words, John is committing a rather common offense called fuel card fraud. Fuel Card Fraud Costs Big Money John might point...
October 24, 2018
Jimmy Song
One of our biggest client requests is creating reports. Reports are a useful fleet management tool because they provide snapshots for decision making. For instance, fleet managers use maintenance & fuel reports to minimize fleet downtime and fleet fuel expenses. Maintenance & Fuel Reports Two of the biggest fleet cost drivers are maintenance and fuel. Maintenance cost includes repair and...
January 23, 2018
Jimmy Song
The new year is always a good time for businesses to review their strategies! For fleets, one of these strategies might be the fuel strategy. Even in a new year, fleet managers are challenged to get more bang for fuel bucks. Here is a sample fuel strategy framework that is powered by data from fuel monitoring systems for trucks. ABC...
September 5, 2017
Jimmy Song
In this post, let’s delve into the benefits of a fuel management system. We previously looked into who needs a fuel management system and how a fuel management system works. However, is there proof that fuel management systems can actually help you save on fuel expenses? 3 Companies That Saw The Benefits of a Fuel Management System ...
August 30, 2017
Jimmy Song
Welcome back to Fuel Management System 101 - in this post, we will answer the question "How does a fuel management system work?". Let’s start with a history lesson! History of Fuel Management Fuel management is the process of controlling fuel usage and fuel cost. Fleets have been managing fuel for many, many years. Before they used computers,...
August 28, 2017
Jimmy Song
Businesses with vehicles often ask, "Can I manage fuel all by myself or do I need a fuel management system?" On the business expense report, fuel accounts for 70% of variable cost. For that reason, fleet managers are paid big bucks to control fuel expenses. Fleet managers often target fuel as the #1 expense to control. What happens to fleet...
