Every year the transportation industry faces new challenges during the winter months, and this year is no different. Among those challenges, many states have mandated biodiesel blends while many have mandated idling restrictions. To add to that, fleet fuel prices are rising, and weather forecasters are predicting a colder and snowier winter than any in recent memory. And with the early showing of winter weather in many states, they may be right.
Truck breakdowns are certainly more prevalent during the cold winter months, and proper care and maintenance is critical to keep your fleet rolling. Here are a few tips that can help you stay on the road with as few problems as possible:
Continue reading Is Your Fuel Management Ready for Winter?
The U.S. Department of Justice’s Office of Inspector General recently released their audit findings regarding the FBI’s fleet fuel procurement program. A number of deficiencies were identified with the FBI’s purchasing controls including not verifying quantities and prices invoiced by their fuel suppliers. You might find it surprising that the FBI didn’t pay close attention to these details but fuel management is obviously not one of their core competencies. In fact, it’s easy to do a web search and find many government audit reports that identify significant issues with their associated departments’ fuel procurement procedures.
Continue reading Even the FBI Hasn’t Investigated Their Fuel Purchases
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management and Hours of Service (HOS) regulations can create challenges for companies that need to maximize their drivers’ productivity.
Continue reading Does Fueling Time Reduce Your Drivers’ Availability?
It’s 2016. The nation will elect a new president. Apple may – according to market analysts – become the first $800 billion company.
What will the year ahead look like for trucking fleets? Here are a few predictions:
1. The Driver Shortage Will Continue
The need to find qualified drivers, particularly for long-haul operations, will continue to be an issue in 2016, analysts tell Heavy Duty Trucking, an industry magazine. Continue reading What Fleet Managers Should Expect In 2016
With 21 million people, the city of Lagos, Nigeria is one of the world’s busiest and fastest growing metropolitan areas.
And with all those people comes a nightmarish amount of traffic. “The World’s Worst Traffic Jam,” The Atlantic Wrote in 2012. Things haven’t improved since then.
Reuters profiled Lagos’ traffic congestion in December of last year, describing commuters taking three hours to make a seven mile trip to work. Continue reading $27 Billion Loss: What Does Congestion Cost Your Fleet?
According to a recent news release from PR Newswire, fleet management will become a $22 billion market over the next five years.
That’s up from $8 billion in 2015, a figured based on new market research into fleet management solutions published by Markets and Markets.
Whether you’re a fleet manager or a CFO, understanding the factors that are affecting this impressive growth in your industry will let you make sound business decisions and steady the course you’re currently on or change the course of your company’s path so you can reap some of the benefits of the industry’s growth. Here is a look at some of the factors contributing to this predicted surge in growth. Continue reading Why Is Fleet Management A Growing Market?
Fleet Managers can be certain of one thing; fuel price volatility. Fuel prices have been on a roller coaster that has recently been climbing after several months of significant declines. Volatility will continue into the foreseeable future which makes a Fleet Manager’s job even more difficult. Managing fuel costs to the annual budget set months ago is nearly impossible.
Continue reading Fleets Reduce Cost and Save Time by Outsourcing Fuel Management
The past few months showed how fast diesel fuel prices can change. During most of 2014, fuel prices were not very volatile although they declined slowly. Then, at the end of November 2014, a rapid decline began which continued through February 2015 that shaved about 40% off of average wholesale prices and 25% from retail prices.
Continue reading Fuel Prices May be Going on a Bumpy Ride
January was another great month for fleets as diesel fuel prices fell sharply again. The average retail price reported by the U.S. Energy Information Administration dropped by 41 cents compared to December. This was the largest decline since prices started falling back in March 2014 and, arguably, it was a bit overdue.
Continue reading Football has Deflategate, Diesel Fuel has Inflategate
For the past few months, we’ve all been watching the price of crude oil decline rapidly. Even when you start to think it’s going to stabilize and can’t go much lower, it goes down even further. As I write this article, a barrel of crude is now trading in the high $40’s which is less than half of where it peaked during 2014.
Continue reading You Probably Haven’t Received Your Full Share of Fuel Savings