Fueling a fleet vehicle is simple, right? It takes only a few minutes of your drivers’ time. They just zip up to the pump, swipe their fuel card, fuel their vehicle, and hit the road.
Due to the COVID-19 pandemic and its effect on the economy, there’s no question that 2020 and 2021 brought unique challenges for both the trucking and fleet industry.
For summer 2022, the weather forecast from the National Oceanic and Atmospheric Administration is sizzling hot, with higher than usual temperatures expected throughout nearly all of the “Lower 48”.
Big data has impacted almost every industry in significant ways and fleet management is no exception. The power of big data has taken fleet management to the next level.
With fuel being the second-largest total cost of ownership expense after depreciation, controlling fleet fuel costs and getting the most from every fuel dollar is key to running a profitable operation. There are proven ways to achieve this, including monitoring driver behavior, improving routing efficiency, keeping tires properly inflated, and one that we’ll explore here — fuel delivery methods — specifically wet hose fueling.
With budgets tighter than ever and operational expenses on the rise, managing a fleet is getting more complicated by the day. Unfortunately, when already facing a laundry list of management challenges, that list is only getting longer. Fleet managers must work through increased regulations, supply chain issues, higher fuel and maintenance costs, replacement vehicle sourcing difficulties, and driver shortages — the list goes on and on.
With the benefits electric vehicles (EV) can bring to the bottom line, it’s no surprise that fleet managers are increasingly exploring EV adoption. Beyond reduced carbon emissions, becoming a more eco-friendly fleet can cut operational expenses with no fuel costs, lower maintenance costs, improve efficiency and productivity, and build brand value.
Accidents happen no matter how skilled your drivers, the years of experience behind the wheel, or their training level. The average motorist in the U.S. travels 12,000 to 15,000 miles annually and each year has a one in 15 chance of being involved in a vehicle accident. Most fleet drivers travel 20,000 to 25,000 miles annually, so it’s simple math — your drivers’ exposure to accident risk and your bottom line’s exposure is much greater than that of the average motorist.
There’s no question that a fleet manager’s job is complicated. Most of the time, it can be downright chaotic. With fleet management involving many moving parts, including drivers, vehicles, safety, and compliance, keeping all in check while improving operational and overall fleet efficiency is no easy task. Thankfully, risk management best practices can make fleet management easier by making it more streamlined and efficient.
Digital transformation is taking place across all industries and is particularly prevalent in transportation and logistics. For fleet managers and owners of trucking companies, this shift means one thing — modernize your management systems or roll the dice on your digital, data-driven competition, gaining a competitive advantage and leaving you behind.
Tags: Fleet Management