When it comes to operating costs for fleets, what a difference a year makes. In the 2020 calendar year, feet operating costs were lowered, as many fleet vehicles were idled because of the COVID-19 pandemic. That’s hardly the case for 2021, according to findings in Automotive Fleet’s 29th annual operating cost survey. So far this year, fleets have experienced an increase in operating costs in all expense categories across the board.
Tags: Fuel Card, Fuel Management
With fuel being a top expense for fleets, determining the most cost-effective purchasing method to fuel your vehicles and equipment requires careful consideration. While there’s no common “one method fills all”, what is common among all fleets is the need to manage the price of fuel and offset the risk of fuel price volatility. Choosing the method that best matches your specific requirements can help you tackle this need head-on.
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
There are a number of options fleet managers might choose to help them manage fuel use and spend. These options include:
Tags: Fuel Card
With the many providers in the fuel card industry and number of cards available, each with various options and features, determining the card that best fits the needs of your company and gives you the greatest return on your investment can be a challenging process. However, answering some key questions about your fleet and your requirements can help whittle down your choices and simplify the decision-making process.
Tags: Fuel Card
Determining how your drivers pay for fuel at the pump can mean the difference between saving money and improving efficiencies or spending large chunks of your day tracking driver expenses manually.
And, who has time for that?
Making better use of your time and money by identifying solutions that reduce expenses, streamline operations, maximize workforce productivity and keep troubles at bay is essential to operational success. That’s where fleet fuel cards come into play, eliminating cash and conventional credit cards for driver purchases, and replacing them with a trackable, more efficient option.
Tags: Fuel Card, Fuel Management
There’s a lot for fleet managers to love about fleet fuel cards. They help control, monitor and track fuel expenses and driver purchases. They help automate billing and provide detailed transaction reports. They help reduce time-consuming administrative work. They help increase driver productivity and help save money at the pump.
Tags: Fuel Card
Controlling, monitoring and tracking fuel expenses and driver purchases can be an arduous and time consuming task for fleet managers whether their fleet is comprised of two vehicles or two thousand. Add tightening budgets and greater demands on their time, staff and vehicles, and it is no wonder that fleet managers turn to fuel card providers to help them take control of fuel costs and purchases, reduce vehicle fueling times, increase driver productivity and cut administrative burdens.
Tags: Fuel Card
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