Category: Fleet Management

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Is Your Fuel Management Ready for Winter?

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

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Even the FBI Hasn’t Investigated Their Fuel Purchases

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

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Does Fueling Time Reduce Your Drivers’ Availability?

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.

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fleet management

What Fleet Managers Should Expect In 2016

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.

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fleet fuel management

$27 Billion Loss: What Does Congestion Cost Your Fleet?

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.

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Fleet Management

Why Is Fleet Management A Growing Market?

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

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Fleets Reduce Cost and Save Time by Outsourcing Fuel Management

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.

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Fuel Prices May be Going on a Bumpy Ride

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.

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Football has Deflategate, Diesel Fuel has Inflategate

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.

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You Probably Haven’t Received Your Full Share of Fuel Savings

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.

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