Fuel prices have been increasing rapidly over the last several months. Just one event or change can cause prices to spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet’s fuel program up at night.
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management. The recent changes to the Hours of Service (HOS) regulations have definitely created some challenges for companies that need to maximize their drivers’ productivity.
If you use propane to power forklifts in your operations, or other alternative fuels in your fleet, there may be an opportunity to file a Federal excise tax claim for a credit or refund related to the fuel used during 2017.
Fuel costs are a major cost of doing business when operating a fleet of any size. Purchasing new vehicles can significantly reduce fuel cost, but can be prohibitive as a capital investment. Most fleet managers are unable to replace their entire fleet and may continue to operate older vehicles for some time. This means that proper maintenance to improve and maintain fuel efficiency is an important, and cost-effective, way of reducing overall costs.
Here are a few things you can do to maintain fuel efficiency in cars and trucks:
Throughout the year, Sokolis Group must update its records for all of the changes made to fuel taxes. It’s a tedious task to sift through the information scattered across the internet for each state. Even though there are web sites that consolidate fuel tax rates in one place, identifying potential exemptions takes more research than just glancing at summarized data. That usually means a visit to a state’s site and digging into their tax regulations.
Companies that run an active fleet may have some of the highest turnover rates among any industry. You can joke and say that truck drivers are inherently nomadic and this may well factor into the issue, the real core of the problem is that there are very few companies that can successfully create a rewarding environment of maintenance, policies, company culture, and pay rate to make these valuable professional drivers feel at home. Fleets across the country have been striving to find better ways to improve driver retention. However, better than any big new facilities or impressive looking policies is actually listening to your drivers, meeting their expectations, and providing what they really want and need from a fleet employer. To help you get ahead on driver retention improvements, here are a few insights into what will really make a difference to your drivers.
MAP-21 became law in 2012 – and one of its provisions was the electronic log requirement. These logs are used to enforce hours-of-service regulations and thus improve driver safety by reducing fatigue. There have been some fears amongst truckers that the new requirement will force smaller carriers out of business. However, those already following safe practices will benefit, and so will everyone else who shares the road with them.
There are some exemptions:
When you’re driving all the time, what seems like ‘perfectly normal’ fuel prices for everyone else can stack up to a really large expense. Fleets with trucks are among the largest fuel consumers in the modern world no matter how much you optimize your vehicles, your policies, and your shipping routes. At that point, it’s up to the drivers to optimize how the truck runs on the road in order to minimize unnecessary fuel usage without reducing the quality of the trip for the driver. Whether you’re on your own dime or your fleet is asking you to improve your mileage, here are six great tips you can apply to every trip to help meet that goal.
The most important job a truck driver has is to get there safely and with the cargo in one piece. Safe driving, thus, should be the primary focus of drivers and companies. Here are some tips for driving safely – in all seasons.
Fuel prices have been relatively stable over the last several months as supply isn’t diminishing enough and demand isn’t exactly booming either. However, as time has shown, fuel prices are extremely unpredictable. It just takes one event or change, and prices can spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet’s fuel program up at night.