Fuel prices are always a top concern for fleet managers. But with prices currently through the roof, focusing on fuel efficiency is more important than ever for running a profitable fleet and protecting your bottom line.
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 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.
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.
Whether it’s directly or indirectly, weather can significantly impact day-to-day operations in several ways. In addition, each season throughout the year brings unique challenges that fleet managers must be prepared for and stay on top of to keep operating efficiently.
To keep airport facilities running smoothly, efficiently, and safely, ground support crew and ground support equipment (GSE) must be firing on all cylinders 24/7/365. If not, there’s an imminent risk that ground-handling services performed on an aircraft at the terminal gate may not be performed promptly or, worse, not conducted safely.
For airport administrators, there’s no question that procuring, managing, and monitoring fuel for ground vehicles and facilities can be a real challenge to balance. What is also undisputed is that fuel is one of the most significant expenses for airport facilities. Controlling fuel costs by improving fuel efficiency and reducing waste should be a top priority.
Tags: Fuel Management
With lowering fuel and maintenance costs, compliance with government regulations, and reducing carbon footprint being top priorities for businesses that operate fleets, it’s no wonder that fleet managers are increasingly turning to green fuels to power their fleet vehicles. A 2020 fleet purchasing survey indicated that interest in green fuels is on the rise after remaining relatively flat for the last several years.
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.
With fuel being a fleet’s number one operating expense — accounting for as much as 60% of a fleet’s operating budget — lowering fuel costs is a top priority for every fleet manager. Whether fuel prices are rising or falling, putting management strategies in place to mitigate fuel costs is key to running a cost-effective, efficient, and profitable operation.