Tag Archive for: diesel

Fuel Management System Market to rise at CAGR of 8.9% through 2030

The COVID-19 outbreak has possessed a significant impact on the fuel management system market. Worldwide factories have struggled in integrating new fuel management systems as workers are staying at home that in turn has disrupted the supply chains across the globe. As the situation improves, supply chains, production, and also the demand for such products are likely to increase gradually. The present scenario is likely to offer opportunities for organizations to think about ways of increasing their production, improving current products, and research technologies.

Increasing the adoption of fuel management systems in logistics and transportation applications will offer robust opportunities for the market. With rising investments being made in logistics and transportation sectors, the use of fuel management systems has automatically increased for the increase in efficiency, security, productivity, and the reduction in overall costs.

Fuel management systems are developed to attain optimum fuel utilization and also minimum fuel wastage as oil reserves over the globe are depleting. Besides, the increased transportation services by sectors that use oil and gas to operate various operations need fuel monitoring and control systems which are likely to boost the market growth.

 

According to a comprehensive research report by Market Research Future (MRFR), “Fuel Management System Market Research Report, Type and Application, and Region – Forecast till 2030”, the market is expected to grow at a CAGR of more than 8.9% during the forecast period (2022-2030).

 

Fuel is one of the top 3 expenses in any fleet’s cost structure. Tracking and reporting where it is being spent can be challenging and time-consuming. So how do you stay on top of it? 

Link2Pump offers a simple solution that automates the entire fueling and tracking process. This way, you will always know where every drop of fuel is going, keep your inventory under control and do much more to drive fuel efficiency and performance to your fleet.

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Connection puts the driver at its center

The promise of capturing vehicle data and turning it into profitable new services and business models has driven significant investments in the commercial vehicle telematics space by truck manufacturers and suppliers.

 

However, despite significant investments in IT platforms, vehicle technology, and service innovations, we have not yet reached the maximum. We still have spaces to make more progress. 

 

With all the sensors that can be placed on vehicles and the large amount of data that can be collected, it is necessary to implement a data collection strategy. Players need to understand which services create value from a fleet or owner-operator perspective, how this translates into a dataset to be collected, how sufficient data quality can be ensured to define baselines, and which sensors can be effectively deployed to collect the relevant data.

 

What you need now is to find the right engagement model, collaborate on service design, and potentially co-create services together with customers. All of this is to protect the core business around predictive maintenance and dealer integration, for example in service activities.

 

From a fleet perspective, the central element that enables fleet productivity and profits continue to be the driver. Driver availability and escalating driver costs are top-of-mind for many fleets globally.

 

Making the job of a driver more attractive is a key challenge. Ways to address this are increasing cabin comfort and convenience, leveraging the right communication technology in the vehicle, and providing the right environment in terms of software and app support to drivers both from work as well as a leisure perspective. Telematics plays a role in all these areas.

 

Starting from a safety and security perspective, traffic accidents involving trucks are a major issue for all road participants. Technology that documents a crash, such as via a video camera that tracks the environment and the driver, can provide vital evidence in legal trials. Beyond this application, a basic breakdown service that communicates the severity and location of the crash as well as informing the emergency services is a clear benefit.

 

Driver health tech tracking heart rates, stress levels, and glucose levels can contribute to improved road safety as well. In emergencies, such as a heart attack, the vehicle can take over and execute a safe emergency stop.

 

On driver welfare, interior memory settings are used to adjust factors such as seating or mirror positions to meet driver needs. Radio stations and apps can be pre-selected according to driver preferences. Condition-based or predictive maintenance enhances uptime which is good for fleet managers but also for drivers who are paid per mile driven.

 

Predictive maintenance, statistical analysis of workshop activities, and their integration in the workflow have the potential to generate profits either via increased revenue or via reduced cost.

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How does a fuel management system work?

How does a fuel management system work?

Fuel is one of the top 3 expenses in any fleet’s cost structure. Tracking and reporting where it is being spent can be challenging and time-consuming. So how do you stay on top of it? 

Link2Pump offers a simple solution that automates the entire fueling and tracking process. This way, you will always know where every drop of fuel is going, keep your inventory under control and do much more to drive fuel efficiency and performance to your fleet. 

 

But how it works? 

The Link2Pump Pedestal unit connects to your fuel dispenser, protecting your fuel from unauthorized use. The operator will be prompted for key information, like a driver, vehicle number, and mileage. Only then the L2P unit activates the pump. While the operator fills up the tank, L2P records the gallons being pumped and uploads all fueling data to your online account once the transaction is over fueling data is available in real-time and you can see and manage it from any device. Cloud backup guarantees zero chance of data loss.

Link2Pump also offers an open API for seamless and free integration with 3rd party software. Your fuel transactions and tank inventory data in the L2P system can interface via web service with basically any software platform, such as fleet fuel cards, billing programs, fleet maintenance, telematics, and much more. You can also export to text and spreadsheet files.

Our unique lifetime warranty protects your investment and eliminates unexpected expenses. We offer a hassle-free parts replacement policy, where servicing is simple and easy and can be done quickly by the customer, reducing down-time to a minimum.

Take your data off the paper and into the cloud and drive your business forward with Link2Pump. If you want to learn more about our solution and are looking for alternatives to improve bottom line and productivity, please get in touch.

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5 ways to enhance fleet efficiency

Fleet management is a task that initially may seem easy, but in practice, it presents great complexity. Good fleet management is not only related to taking care of the entry and exit of vehicles. Good fleet management must understand the entire operation, maximizing the availability of vehicles to perform services, reducing costs with tires, fines, maintenance, fuel, and ensuring driver satisfaction.

It is a strategic activity for fleet companies and, therefore, it needs to achieve good results to ensure the company’s competitiveness and the quality of the service provided. However, with so many processes and information to deal with, how to organize fleet management to make it more efficient?

This is a big challenge for the manager and we are going to present 5 tips here that can help you with this task.

Train the drivers

Drivers have a huge role to play in fleet operations. Driver training is a popular practice adopted by companies around the world to improve efficiency. It ensures that a driver is fully capable enough to handle all kinds of situations while driving. 

With a well-trained and experienced workforce, businesses can save a lot of expense. It includes fuel costs and vehicle maintenance charges. In addition to that, a skillful driver can avoid accidents, saving companies from a lot of operational and financial problems.

Improve Fuel Management

The tracking solutions offer an excellent fuel management feature that caters to all the fueling needs. It monitors the fuel levels of the vehicles in real-time, providing useful insights about consumption trends. Also, companies that manage the cost of fuel well spend up to 30% less than companies that do not control the expense.

Use Mobile Application

It is essential to stay connected to the team all the time. The managers should be aware of the operations whether they are in the office or not. To monitor operations on the go, a mobile app can be used. With the help of the app, they can have all the main features of the management software on their mobile device. It helps the managers to keep doing their job from any remote location, ensuring smooth operational flow.

Keep Vehicles Well Maintained

Along with your drivers, your vehicles are your most important asset. Keeping them well maintained and regularly serviced prolongs their useful life and helps avoid expensive downtime. Having all the data at your fingertips lets you keep close control over their condition, allowing faults to be dealt with before they become major issues.

Improve Team Communications

Your fleet drivers are an invaluable asset, so treat them with respect and keep them fully informed. In addition to regular training, it’s important to give them the necessary information to do their work to the very best of their abilities.

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How Often Should You Conduct Safety Training?

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Companies that value well-trained employees often have ongoing training programs in place. Ongoing does not mean continuous, so how often should you provide ongoing training to employees?

Certain safety training topics have to be refreshed or retrained on a set schedule. In most cases, safety or other training courses that result in or require certification will only be valid for a certain length of time before retraining is required. It is always a good idea to take note of what safety training expires and when so that you can ensure that all employees are properly trained and certified.

When you first train a new employee, they will take security messages seriously, but without any follow-up training, they will probably incorporate some unsafe habits. That puts you, them, and everyone on the road with them at risk. You need to make safety training a regular part of driving for your company.

If you want to protect your people and reduce accidents, safety training must be a continuous process. It’s not just an onboarding event.

An effective safety training program:

  • Uses monthly safety meetings to reduce your biggest loss-leaders
  • Delivers important safety messages daily
  • Features larger training events throughout the year

Organize monthly safety meetings to reduce your biggest loss leaders. Make safety training a part of everyday work life with daily safety tips and briefings to start the day. Host larger training events a few times a year to dig into complex safety issues.

Preventive training aims precisely at correcting bad behaviors, conscious or not, that lead to risk. And it is not just the company that has had a serious or fatal accident that should seek training – ideally, the risk is identified to avoid the accident.

This is where the safety culture comes in: a set of good practices that are shared with employees. Uniform training and guidance among those responsible for work safety and drivers help foster this type of culture.

More than that, training manages to put the risky habits into context, making the act of driving more conscious than unconscious – that is, avoiding recklessness and distraction.

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5 qualities that make a good leader

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“A leader knows the way, goes the way, and shows the way.” This is how John C. Maxwell defines leadership. Having the right people in leadership positions is essential to success and employee retention. Surveys have shown that one of the top reasons employees leave their job is because of a bad boss.

To have a successful business, you want to have the best team at your side. But when you invest in the training and development of your employees, the goal is that you can keep the level of turnover low.

That’s why we are sharing some qualities that make a good leader so that you can evaluate your leadership and improve. 

01 – Aspiration and enthusiasm

It doesn’t matter if the desire is to increase the company’s online presence or conquer international markets, what separates good leaders from the best leaders is aspiration and enthusiasm. The big winners in the business world share the ability to develop bold strategies and the ethics to put them into practice. Successful leaders also inspire their teams to go beyond the day-to-day reality and work to achieve their best. Their sense of ambition is stronger than the fear of failure and it helps them to turn things around.

02 – Resilience

Sometimes, just striving for business goals can lead to failure. Self-confidence and ambition are not enough to withstand market challenges or to eliminate mistakes made in the past. Great leaders are incredibly resilient – they can turn a disaster into a victory in the last hour. This talent to recover when everything seems lost is a powerful quality in the long run.

3 – Empathy

The best bosses know that relationships are vital to their business trajectory and always exercise their emotional intelligence. They know how to empathize with their customers and teams and are always prepared to help or even to back off. In the view of a great leader, empathy does not diminish the value of the business – it adds value and helps it to grow. This attribute strengthens ties of loyalty and can stimulate partnerships.

04 – Creativity

To achieve goals, it is often necessary to set aside the rules and redefine established practices. The most powerful leaders innovate tirelessly and foster a culture of creativity, empowering their teams to follow suit.

05 – Feedbacks

For the “gear” of the system to function correctly and always keep moving, periodic meetings with the team must be held. In this way, the leader can offer feedback on the activities performed and the development of each of the professionals within the company. This is one of the best strategies to ensure that work remains aligned with the pace of production.

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A lifetime warranty is included in our management system

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Normally, if a manufacturer or company is offering a lifetime warranty on their product this means they have confidence in the quality of their work, and they want their customers to have that same confidence when they purchase as well. And that’s how we work. 

Link2Pump Pedestal automates the fueling process on-site, capturing data points you need and sending them to your online account in real-time. We also offer mobile applications that pack the same technological power from L2P Pedestal into a compact enclosure to fit fuel trucks, tanker trucks, or any kind of mobile tanks.

And when you choose to use Link2Pump fuel management solution, you also have included a lifetime warranty. Our unique lifetime warranty protects your investment and eliminates unexpected expenses. We offer a hassle-free parts replacement policy, where servicing is simple and easy and can be done quickly by the customer, reducing downtime to a minimum. And you don’t need to overpay for it. 

Why Warranties Are Important

A warranty provides peace of mind and protection. Your fleet can accept all possible demands, with the certainty that the supplier will ensure that the supplied equipment is always in perfect condition.

If you are a fleet manager, you know that having confidence in your team and your equipment is essential to keep the business always running. So, don’t be afraid to ask us questions about our warranty. 

Our company has solutions for several industries, such as agriculture, aviation, construction, government, marinas, manufacturing, mining, transportation, and utilities. If you want to learn more about our solution and are looking for alternatives to improve your bottom line and productivity, please get in touch.

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Everything you need to know about fuel tax refunds

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In 1933, the federal gasoline excise tax was implemented and taxed each gallon of gas at one cent. Current federal gasoline rates in May 2019 have escalated to 24.4 cents for each gallon of diesel and 18.4 cents per gallon of gas.

These tax refunds can reduce fuel costs, but still a lot of companies lose a lot of money each year by not accurately filing for fuel tax refunds.

When you purchase gasoline or diesel fuel, the federal government isn’t the only one taking a cut. You’ll also be taxed on gasoline by your state. Each state has its discretion as to the gallon rate of fuel you buy. States such as Pennsylvania, California, and Washington are at the highest level. Their tax rates range from 49.5 cents per gallon to 58.7 cents per gallon. States like Alaska, Virginia, and Missouri are at the low level with a range of 8.9 cents per gallon to 17.3 cents per gallon.

It would be impractical to set up separate gas stations and fuel depots all over the country to sell different taxed and untaxed fuels, so the government essentially taxes all fuels with a few exceptions, then allows credits for nontaxable uses. 

In most states and for the federal government, motor fuel excise taxes are collected and designated for highway and road construction and maintenance. Fleets using fuel for powering vehicles and equipment at off-road applications may qualify for federal and state-level refunds. 

Link2Pump can easily track and reconcile all information needed for filing fuel tax refund claims with a one-click report. It is really easy to save money with our service. 

The best part is that facilitating the tax refunds process is part of our service and you don’t pay anything extra for it. 

So with Link2Pump you automate your managing process, you have up to 25% fuel saving, plus 10 hours in time savings and also fuel tax refunds made easy.

If you want to learn more about our solution and are looking for alternatives to improve bottom line and productivity, please, get in touch.

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What to expect at World of Concrete 2021

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World of Concrete has been serving the global concrete & masonry construction industries for 46 years. The event connects and educates buyers and sellers through live and digital events throughout the year. 

The face-to-face event normally takes place every January or February in Las Vegas. This year the World of Concrete Las Vegas was rescheduled to take place on June 8 – 10. 

“Moving the event from winter to late spring in 2021 will allow additional outdoor activities that everyone can enjoy in the big city of Las Vegas,” says Jackie James, director of World of Concrete Group.

Drawing record numbers year after year, the 2021 World of Concrete, sometimes referred to as the Concrete Convention Las Vegas will feature a week of exciting new products, cutting-edge technologies, the latest equipment, exciting spectator events and competitions, and more than 150 educational sessions including luncheons, interactive workshops, and industry hands-on training.

Important! There will be no onsite registration this year due to new COVID safety protocols. You must register online before coming to the show.

With a detailed set of measures developed collaboratively with industry associations, event organizers, and venues, World of Concrete aims to deliver the highest levels of hygiene and safety at its event, providing everyone with reassurance and confidence they are participating in a safe and controlled environment. 

They recommend that every attendee read the safety requirements needed to enter the event, along with safety and hygiene measures guests can expect.

Early this year Link2Pump was part of World of Concrete Virtual Industry Forum. Over 300 industry professionals attended our VP of Sales session on how to reduce fleet costs by managing and claiming fuel tax rebates. Concrete producers and contractors can secure significant federal and state tax rebates for the fuel not used for on-highway activities, on average about 60 cents per gallon.

Have you already scheduled to go to the event this year?

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Tools you must have for contractor fleet management

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Fleet management is a complex activity. It involves legal obligations, costs, payment of fines, expenses with maintenance, purchase, team management, and much more. If you need to be more efficient, you should have softwares and technologies that will help you with these tasks. With the right tools in place, you can save time and money. Also, if you choose cloud-based software, you can manage from anywhere on any device!

Fleet Maintenance Software

A fleet maintenance software will help you avoid unexpected fleet vehicle and equipment breakdowns. You can track your vehicles and assets data to maximize value and minimize costs. With cloud data storage, you can manage vehicle information and track vehicle maintenance history from anywhere. Preventive maintenance schedules will also help you save time and money. 

GPS Tracking Software

GPS can be very helpful in a fleet management system. A good GPS tool can help increase the productivity of drivers, speed delivery times, bring efficiency levels high, and give businesses a pool of data that they can study to ensure operations are in best shape. GPS-based fleets are two times more successful than those without.

When you save time, you increase your productivity. Instead of drivers spending time waiting for traffic to move, they can, for example, make multiple deliveries. Not only will your customers be happy with the fast service, but your drivers and employees will be able to get more work done, saving you both labor and transport time.

Fuel Management Solution

With automated supply, the logistics become much more agile: times are shortened and you no longer depend on external factors that reduce business efficiency. In addition to being able to be placed in strategic locations, a fuel management solution allows the entire fueling process, including vehicle identification and odometer reading, to be completed very quickly.

The main advantages of installing your own fueling point are:

  • Fuel quality assurance, reducing the risk of fraud and ensuring that the entire fleet can have the same performance;
  • Elimination of the costs of moving machinery/vehicles to the gas station;
  • Practicality and speed of supply, since it will have the availability of supply 24 hours;
  • Fuel tax refund; 
  • Centralization and rationalization of consumption control.

Technology is a very important part of the fleet industry. If you are looking for a fuel management partner that is a complete high-tech solution to control commercial fleets fueling, contact us.

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