Moving away from oil is something being promoted in many areas. One of the debates is the use and production of alternative fuels. For fleet managers, the decision of whether to purchase alternative fuel vehicles means weighing up cost, reliability, and environmental concern.
There are both advantages and disadvantages to alternative fuels, and some things fleet managers should consider:
Continue reading Pros and Cons of Alternative Fuel Vehicles
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.
Continue reading Is Your Company Spending 50 Cents a Gallon More Than It Should?
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.
Continue reading Do You Qualify for a Fuel Tax Refund?
Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more than 90 percent of federal Highway Trust Fund receipts being collected at the pump, this is a very real concern.
Continue reading The Future of Fuel Taxes – What Might Happen as Trucks Become More Efficient
Most companies today if not all have credit cards. Most trucking companies need a way to pay for their fleet fuel. That’s not different than the rest of the fuel buying world, except it’s usually a lot more quantity. How a lot of them do this is by using a fleet fuel card. This is a good start to helping you buy and manage your fuel, but after that there are precautions you should take. I’d like to give you a few pointers or tips on how you should use your fleet fuel card:
Continue reading Fleet Purchasing Policy