Fuel costs are one of the top operating expenses for utility fleets. For many, fuel costs can account for over half of a fleet’s operating budget. While this can be a “wake-up call” for fleet managers of any size utility fleet, it’s particularly one for larger fleets. Why? Because the larger the fleet, the faster fuel costs add up.
There’s no question that using fuel cards can provide fleets numerous benefits that you can’t get with traditional credit or debit cards. For starters, fuel cards are convenient for drivers to use. Most are accepted at nearly every gas station in the country.
Additionally, fuel cards can cut fuel expenses, reduce fraudulent charges, and provide accurate transactional records and reporting. In turn, it helps fleet managers track expenses, streamline administrative tasks, and control their fuel budget.
Tags: Fuel Card
As 2019 comes to a close, let’s take a look at how autonomous vehicles will transform the transportation industry, and the benefits they will provide your fleet. Plus, a look at the U.S. and global trends to keep on eye on that can affect fuel prices in 2020.
Tags: Industry News & Reports
With 2019 in the books, let’s take a look back at three areas from the year that may have an impact on your fleet in 2020, specifically:
In the transportation industry, fuel economy is often the top focus. This is especially true for trucking companies that want to minimize costs. And, with good reason. According to the American Trucking Associations (ATA), fuel is typically the second-highest cost for trucking companies, slightly behind driver pay.
With diesel prices rising and an overwhelming increase in the demand for trucking, fleets must find ways to reduce expenses in other areas besides fuel spend if they want to remain competitive. In doing so, fleets can cut costs from their operating budget and boost their bottom line.
Tags: Fuel Management
PS Energy was recently chosen by the Georgia Minority Supplier Development Council (GMSDC) to be included in its 2019 edition of “Georgia’s Own,” a digital book showcasing top Georgia Minority Business Enterprises. The 40 minority-owned and Georgia-based companies featured in the book span multiple industries, from manufacturing and transportation to retail and technology.
Tags: PS Energy News
Just like vehicles and pieces of equipment, underground storage tanks (USTs) have a lifespan of their own and eventually need to be replaced. On average, tanks can last around 25 years. That said, if tanks are close to “retirement age” and show signs of corrosion and rust, then it’s probably time to purchase new tanks.
Tags: Fuel Management
Last winter was not lacking in snowstorms, ice storms, or mixed events in many parts of the country. This year, it looks to be more of the same, with colder-than-normal temperatures and above-normal precipitation predicted. While this may be good news for skiers and snowmobilers, utility fleet managers know that winter weather can wreak havoc on their fleets.
Tags: Fleet Management
There are a number of options fleet managers might choose to help them manage fuel use and spend. These options include:
Tags: Fuel Card
Enhancing safety, improving productivity, and reducing costs are at the top of the responsibility list for most fleet managers. These are responsibilities that are far from simple, but ones that a bulletproof risk management plan can help fleet managers tackle more effectively.
Tags: Risk Management
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