Tag Archive for: fuel management

What to expect at GIE+EXPO

If you’re in the lawn care, landscaping, hardscaping, tree service, or related industry, and haven’t been to the GIE+Expo in Kentucky, then you’ve been missing out. 

The International Landscape, Outdoor Living and Equipment Exposition is the largest trade show for outdoor power equipment, lawn, and garden equipment. For nearly 40 years, EXPO has helped the industry connect in challenging times. Link2Pump will be at GIE+EXPO this year. 

GIE stands for Green Industry Equipment and is the largest trade show for your industry in the United States. You’ll have access to 1000+ exhibits (including us!) and outdoor space to demo equipment. The GIE+Expo is sponsored by the National Association of Landscape Professionals (NALP), Outdoor Power Equipment (OPEI), and the Professional Grounds Management Society (PGMS).

As America’s largest trade show for the landscape, hardscape, and outdoor power equipment industry, with over 26,500 participants, GIE+EXPO offers something of value for everyone who attends, no matter what aspect of the business you’re involved in or how long you’ve been in it. Some people come to catch up with old friends and vendors, and others to network with new connections and top decision-makers. Some invest in the workshops and

training opportunities, and many more flood the show floor and outdoor demo space to test new power equipment and products before they hit the market.

 

EXPO means ACTION

It’s where attendees experience and can purchase the most innovative products and services, and where exhibitors have direct access to thousands of decision-makers. Industry

members from across the globe gather here to share ideas and learn. Exhibitors range from

manufacturers of outdoor power and light construction equipment to suppliers of hand tools and outdoor living products. Dealers, retailers, and lawn & garden centers attend to explore new products for their inventory, attend workshops, and participate in technician certification opportunities.

Lawn and landscape professionals, grounds managers, and general contractors attend to compare products, plan, and purchase for the busy spring and summer seasons. With technology at the forefront, staying on top of trends is key to their business growth. GIE+EXPO has become the annual gathering place for industry influencers who are interested in networking and sharing ideas to grow and become more profitable.

 

Visit Link2Pump at GIE+EXPO

Come to GIE-EXPO 2021 and experience what Link2Pump can make for your fuel supply. 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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Fuel Management Systems Market to Reach $654.6 Million by 2024

Fuel management systems are used for the maintenance, monitoring, and control of fuel consumption in industries that use various modes of transport, such as road, rail, air, and water, for commercial purposes.

The fuel management system’s purpose is to reduce the consumption of fuel and to improve the efficiency of operations. It uses a variety of technologies and methods for keeping track of fuel inventories, purchases made, and fuel dispensed. 

Computerized systems are used for storing data, which can be used for generating reports and for further analysis. The systems also help in controlling errors in fluid dispensing from fuel tanks into vehicles which provides important information about any leaks.

The numerous benefits offered by fuel management systems, including monitoring fuel usage and dispensing to reduce loss and theft, improved efficiency of operations, increase in overall productivity, and reduced risk of errors due to automation of tasks, continue to fuel adoption of the systems in various end-use industries.

The global market for fuel management systems is projected to reach US$654.6 Million by 2024, registering a compounded annual growth rate (CAGR) of 5.8% over the analysis period. The United States represents the largest regional market for fuel management systems, accounting for an estimated 40.3% share of the global total. The market is projected to reach US$273.9 Million by 2025. 

The significant developments in transportation infrastructure space and the escalating demand from logistics, mining, and construction sectors are fueling growth in the fuel management systems market. The market is also expected to benefit from the growth of the automobile industry worldwide and the continuous increase in the number of fuel stations in operation. 

Since fuel represents a significant proportion of operating costs in the transportation sector the need to prevent fuel pilferage is extremely important, thus driving the adoption of fuel management systems. With fuel accounting for around 40% of the overall operating costs of fleets, fuel losses can cause significant financial losses. Fuel management systems also play a role in reducing errors that are possible during manual fueling. 

The fuel management systems market is also benefiting from the increasing adoption of cloud-based solutions. With cloud computing becoming an increasingly viable option for data management and data storage, its role in fuel management is also growing.

As you can see, technology plays a crucial role in almost every money-saving tactic and strategy discussed above. If you’re looking for a fuel management partner that can help you reduce your fleet’s expenses, contact us.

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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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Equipment finance industry confidence improves in July

The Equipment Leasing & Finance Foundation released the July 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 72.9, an increase from the June index of 71.3.

Some of the results are: 
  • When asked to assess their business conditions over the next four months, 58.6% of executives responding said they believe business conditions will improve over the next four months, up from 42.3% in June. 41.4% believe business conditions will remain the same over the next four months, down from 57.7% the previous month. None believe business conditions will worsen, unchanged from June.

 

  • 55.2% of the survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, up from 51.9% in June. 41.4% believe demand will “remain the same” during the same four-month time period, a decrease from 48.2% the previous month. 3.5% believe demand will decline, up from none in June.

 

  • 27.6% of the leadership evaluate the current U.S. economy as “excellent,” an increase from 22.2% the previous month. 72.4% of the leadership evaluate the current U.S. economy as “fair,” down from 77.8% in June. None evaluate it as “poor,” unchanged from last month.

 

  • 48.3% of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, a decrease from 51.9% in June. 51.7% indicate they believe the U.S. economy will “stay the same” over the next six months, an increase from 48.2% last month. None believe economic conditions in the U.S. will worsen over the next six months, unchanged from the previous month.
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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 to Improve Efficiency With Fuel Tracking Technology

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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.

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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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