Coronavirus and Fuel Procurement

Posted by PS Energy Group on May 12, 2020 10:00:00 AM

With low demand for gas and cheap crude prices due to COVID-19, the national average for a gallon of regular gasoline has been steadily declining. But on April 30th, that trend reversed course when the national average increased by a penny to $1.77 per gallon. For perspective, the average price was $1.79 per gallon in the third week of April, $2.01 near the end of March compared to $3.12 at the end of April 2019. 

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Tackling Key Issues by Improving Safety with Video Cameras

Posted by PS Energy Group on Apr 28, 2020 10:30:00 AM

Driver and vehicle safety are a top concern for every fleet manager. Considering that $11 million is the average cost for a fatal accident, $500,000 for an accident with injuries, and $75,000 for accidents that cause damage, it’s easy to see why. And, there is the damage accidents can cause to a company’s public perception and employee morale. All of these costs can quickly add up quickly and negatively impact a company’s bottom line.

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Tags: Fleet Management

COVID-19 Impact on Energy and Freight Markets

Posted by PS Energy Group on Apr 14, 2020 10:00:00 AM

The global economic fallout from COVID-19 is a rapidly evolving situation with ramifications across a wide range of markets, including energy and freight. Actions to combat the impact of the pandemic have intensified, resulting in supply chain disruptions, travel bans, and widespread lockdowns nationwide and around the world.

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Tags: Fleet Management, Industry News & Reports

Coronavirus Places a Spotlight on Driver Safety and Health

Posted by PS Energy Group on Mar 24, 2020 10:00:00 AM

As a precaution to keep COVID-19 from spreading, companies nationwide are increasingly requiring employees to work from home and banning or limiting travel.

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Tags: Fleet Management, Industry News & Reports

Understanding CNG and its Benefits for Your Fleet

Posted by PS Energy Group on Mar 10, 2020 10:00:00 AM

Given the economic, environmental, and bottom-line benefits that natural gas can provide, it makes good business sense that corporations have invested in natural gas to power their fleets. This past October, UPS announced it would add over 6,000 vehicles to its natural gas fleet beginning in 2020 and running through 2022. The vehicles will be equipped with compressed natural gas (CNG) fuel systems. This three-year commitment represents a hefty $450M investment in UPS’ expansion of their alternative fuel vehicle fleet and supporting infrastructure.

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Reining in the Top Three Fleet Management Costs with Technology

Posted by PS Energy Group on Feb 25, 2020 10:00:00 AM

There’s no question that developing and controlling a fleet’s budget is a key responsibility of fleet managers. A fleet manager’s value is often measured by how well costs can be controlled or cut, which is no easy task. Costs can get out of hand and bust even the most carefully planned budget.

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Solutions to Help Overcome the Dangers of Urban Driving

Posted by PS Energy Group on Feb 11, 2020 10:00:00 AM

Love of the open road is the main reason behind the career choice for many truck drivers. But, for truck and fleet drivers who must navigate busy urban streets, the road is anything but open. It’s more like an obstacle course that makes driving in urban areas more dangerous than driving on the highway.

That’s because, in urban areas, drivers must watch out for multiple situations that can distract them from the road, distractions like:

  • Pedestrians
  • Cyclists
  • Drivers searching for parking spaces
  • Unseasoned drivers who are unfamiliar with the area

Considering these situations, it’s no surprise that a 2016 report by the National Highway Traffic Safety Administration found that, because of the number of vulnerable road users in cities, 72% of pedestrian fatalities and 68% of cyclist fatalities occurred in urban areas.

However, the good news for fleet managers is the driving dangers associated with urban areas can be minimized. Here’s how:

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Proven Fuel-Efficiency Solutions For Utility Fleets

Posted by PS Energy Group on Jan 28, 2020 10:27:42 AM

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.

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Best Practices to Keep Fuel Cards Secure

Posted by PS Energy Group on Jan 21, 2020 9:00:00 AM

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.

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Tags: Fuel Card

A Deeper Look Into the Trends Around Autonomous Vehicles and Fuel Prices in 2020

Posted by PS Energy Group on Dec 17, 2019 9:42:43 AM

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.

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Tags: Industry News & Reports

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