Fleet Fueling Explained
Fleet fueling is the management method a company uses to fuel their fleet of trucks and cargo. The most common fleet fueling methods include fleet fuel cards, mobile fueling, on-site bulk fuel tanks, cash, and generic credit cards.
Within a fleet-based company, for every dollar earned, approximately 95.2 cents are spent on operating costs. Since the margin of costs versus profits is thin, fleet companies attempt to save money in any area they can, especially within fuel expenses.
Membership to a fleet fuel card can generate annual savings for carriers of any size. Beyond saving money on fuel purchases, a fuel card offers spending control, fleet management, enhanced company communication, fraud control, and savings on other services, like maintenance.
With fleet fuel cards, per-gallon fuel discounts are negotiated between a merchant and a fuel card company, and with each fuel purchase, the fuel card company will reimburse the calculated savings in a consolidated invoice via mail or e-receipt.
Although not every company utilizes fleet fuel cards, more businesses than ever are beginning to use them to easier manage and regulate their fuel expenses. Credit cards are still accepted at the pumps by fleet-based companies, however many benefits, like that of a fleet fuel card, are voided, such as discounts and identifiable fuel theft incidents.
Depending on the size and geographical location of a trucking company, different fleet fueling methods might work more efficiently than others. For example, fleet fuel cards work well for all types of commercial companies, big or small; mobile fueling works best for companies that have local routes; on-site bulk fuel tanks work best for large trucking companies; and using cash or credit cards work best for small trucking companies.
Simplify your fueling on a nationwide basis with Impac
Impac offers strong fuel savings with our options of fleet fuel cards that contain the right blend of discounts and flexibility for a comprehensive fleet and maintenance solution. Contact us today to get started.