All things fleet tracking – industry news and best practices
Combatting the Rising Cost of Fuel
Posted on 07/21/2011 by Ashley Jones | 0 Comments
Depending on which news network you tune into for your round up of current events, the current economic outlook is still discouraging or is on the mend. Regardless of your opinion or your news, increasing gas prices are a current fact of life. In a recent ABC News story, a former Shell executive is predicting that gas prices could reach the $5 mark by the late 2012, just as Americans are seeing a preview of rising prices throughout the nation.
As consumers, every single one of us is affected by this. But what about service and distribution companies? Your livelihood is based on keeping operational costs low (fleet fuel costs) while increasing your bottom line. Whether you are a small fleet or large, fuel cost affects your profits. Here are five tips for reducing your fleet fuel costs:
- Reduce Idle Time – Make it company initiative to reduce vehicle idle time. Reward drivers that show a significant decrease their idle time through a company contest.
- Avoid Excessive Speeding – The faster you’re traveling the more fuel you are using. Additionally, aggressive driving, such as sudden stops and starts, impacts the amount of fuel used.
- Optimize Routes – Are you taking the shortest route to your destination? Moreover, are you sending the closest driver?
- Maintain Accurate Records – You can’t measure what you don’t know. Review fuel bills regularly to validate decreased expenses.
- Proactive Vehicle Maintenance – Regular maintenance of your vehicles may be an expense, but imagine being down a vehicle. Lost productivity means lost revenue.
- Do you have tips to offer? Share with your peers. How to do decrease your fuel costs?