Increasing a vehicle’s fuel economy by 1 mpg can save a 300-vehicle fleet as much as $54,000 per year. Fleet managers can take action today to start decreasing fuel consumption in executive vehicle fleets.
Fleets are exploring new strategies to lower their fuel expenses, such as rightsizing vehicles, increasing driver training, improving fuel card compliance, and partnering with fuel management companies.
Most executives have good relationships with their staff, with open communication in both directions. But no matter how open it is, there are some things your fleet manager may be afraid to tell you.
Through use of telematics, alternative-fuel and hybrid vehicles, idling reduction policies, and other efforts, various corporate fleets have reduced their vehicle emissions, contributing to their companies’ sustainability goals.
It’s in the news again; fuel prices are climbing and fleet managers are looking for ways to manage that largest variable expense. Here are 10 tested strategies that work.
Fleet Financials conducted a comparison of 23 fleet fuel card companies, comparing data such as card replacement turnaround time, the number of sites each company has in North America, price per gallon, and daily fuel limit.
With the advantage of starting as a Chrysler subsidiary, the vanpool services provider is taking commuter cars off the road and conserving more than 26 million gallons of fuel annually.
Controlling fuel costs through hedging is an option for fleets looking to gain budget stability. As with any strategy, fleets must weigh the pros and cons to determine if a fuel hedging strategy is suitable to their specific needs.
Fleet fuel card programs have been developed specifically for fleet use. Purchasing cards have been around for a long time, and some companies use them for fleet fuel. Is that a good idea?
Auditing fuel purchase invoices takes time and access to industry pricing data, but such scrutiny can avoid overcharges and duplicate transactions.
Global Fleet Services is an international alliance of fleet management companies representing global regional markets. The alliance met in Spain to discuss fleet trends in Africa, Asia, Australia, and Latin America.
According to Wayne Smolda of The CEI Group, fleet executives continue to help mentor and guide fleet managers, promoting policy streamlining and strategic initiatives.
From acquisition to remarketing, a compilation of best ideas in managing successful, cost-effective, and efficient fleets is presented.
It would be difficult to find a fleet expense that has bedeviled fleet managers as much as fuel costs. With prices at the pump above $4 per gallon, controlling these costs is critical. Here are some of fleet’s best practices.
Although prices fluctuate, oil prices have reached historic highs, and gasoline prices likely will follow. There are many proven ways to control fuel expense, but some that are circulated may be urban myths.
