How to save fuel is a very common question among people who own vehicles. Among fleet managers, therefore, knowing how to answer this question is essential for the success of the business.
That’s because, when monitoring the expenses of a field operation and accounting for everything that goes in and out, the percentage that the cost of fuel represents is surprising.
For example, did you know that annual fuel costs can represent 15% to 20% of the cost of a vehicle? The amount spent per year is second only to the cost of the vehicles.
So, how can fleet managers get more control over fuel costs when prices are unpredictable? Not knowing these details can bring many losses, such as a fleet that uses more fuel than it should and vehicles being stopped for more frequent repairs.
Companies that manage the cost of fuel well spend up to 30% less than companies that do not control the expense. Which one is yours?
But how can Fuel Tracking Technology help you save fuel?
- Reduce engine idle time
- Have better control of the routes taken by vehicles
- Know how efficient drivers are being
- Create the best routes for vehicles
According to the U.S. Department of Energy, idling a heavy-duty truck uses up about 0.8 gallons of fuel per hour. Trucks usually idle for about 1,800 hours a year, which uses about 1,500 gallons of fuel. Overall, idling costs the U.S. about $3 billion annually.
You can monitor idling time and fuel usage with tracking technology and ask drivers to consider how they can reduce idling without sacrificing comfort, safety, or productivity.
Also, overspeeding or driving beyond speed limits consumes more fuel. However, a fuel management plan is a right way of ensuring you aren’t using up a lot of fuel.
Fuel planning includes key metrics such as fuel tendency, chances of fuel reduction, and permitted fuel card usage. The plan can be used to determine vehicle fuel usage and fuel card transaction information.
If you want to learn more about our solution and are looking for alternatives to improve the bottom line and productivity, please, get in touch.