The pivot to a delivery model for many companies has placed a heavier responsibility on fleet operations to contribute directly to the bottom line, requiring higher productivity and efficiency. By optimizing their workforce, fleets may experience significant bottom-line benefits.
The average national cost of diesel has continued to rise. While not hitting previous year prices, it's one trend to watch.
National average diesel fuel prices were $2.44 per gallon as of Nov. 16, 2020, according to the U.S. Energy Information Administration (EIA).
Look at fuel economy with an eye to the future. Many factors go into the decision to invest in a technology that will save fuel.
National average diesel prices as of Jan. 6, 2020 were $3.08 per gallon, up 7 cents from the year prior. U.S. propane/propylene stocks increased to 88.9 million barrels.
There are three key reasons why the transition to synthetic oils is occurring. They are the proliferation of smaller displacement turbocharged engines, escalating CAFE fuel economy requirements, and government regulations to lower tailpipe emissions.
Fleet managers often focus on controlling the biggest fixed operating costs for the acquisition of trucks and fuel. However, it’s the hidden costs that keep fleet managers from achieving their organization’s goals for efficiency and profitability. Renewable diesel is one option to help cut costs.
While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.
Telematics can have direct, tangible benefits for your bottom line, allowing you to set yourself apart from your competitors while improving efficiency and productivity.
Propane may be a viable option for certain fleets looking for an alternative fuel source. While converting a vehicle to a propane system comes with a high initial cost, the system may come with reduced lifecycle costs over the course of that vehicle's life.