Carriers could be waiting a while for their electric and CNG tractors to arrive. So what technologies are available now to help minimize companies’ diesel costs and stay competitive?
Imagine being put in charge of finding ways to boost your company’s bottom line. You automatically think of two ways: a huge influx of profitable new business or a significant reduction in operating costs.
However, you know that option number one isn’t likely. So, you begin rummaging through the books looking for any and every way to save a penny. Knowing that your top three costs are equipment, driver wages and fuel, which is easiest to control?
Weather forecasting takes center stage when severe storms are predicted—storms like recent hurricanes Harvey, Irma and Maria. Unlike weather forecasting, however, predicting the consumption of commodities that can be greatly influenced by severe weather can be much more challenging and accurate.
Topics: Fuel Software
A penny per mile: at first glance, a less-than-meaningful figure – yet in today’s market, boosting your bottom line by a penny or more per mile offers your business significant financial advantages.
Topics: Fuel Software
Trucking companies require effective fuel management. Sending drivers off with fuel discount cards is one way to cut refueling costs. But it’s not the only way. In fact, it’s not saving you enough.
It takes more than pre-negotiated discounts to control fuel expenses fleet-wide, especially under differing driving conditions and routes. Not to mention fluctuating fuel prices and use tax rates that vary from state to state.
Fuel delivery is fluid.
So many factors impact a company’s profitability from rack to retailer. Success depends on the performance of equipment and personnel every step of the way. And, the ability to optimize those assets and resources to ensure maximum performance under changing market conditions is a challenge.
“Expect the unexpected” has quickly become the national mantra since Donald Trump’s election, especially in industrial sectors. On the campaign stump, Trump was pro-coal and anti-climate change, putting him at odds with major initiatives enacted last year by the Obama administration. Myron Ebell, Trump’s pick to lead the Environmental Protection Agency (EPA), has a long history of being a naysayer on global warming, and Rick Perry, Trump’s choice to head the Department of Energy, once vowed to eliminate it if he was elected President. There’s no way to read these tea leaves, but his pending appointments send the signal that Trump is serious about dismantling the Obama administration’s recently approved fuel efficiency standards.