With fuel prices on the rise, it is important for fleets to find ways to reduce fuel spend within their business. In the fleet industry, effective vehicle selection, driver behavior and modern technology are major components that can impact fuel spend.
Considering the vehicle types that a fleet incorporates into its overall operations has major impacts on fuel spend. For example, a fleet utilizing smaller vehicles may spend less on fuel as a result of mpg differences. Therefore, fuel costs rely heavily upon identifying the vehicles that are best suited for an organization’s needs and those that provide better fuel economy.
Driver behaviors can have a significant impact on a fleet’s fuel spend, including ineffective routing, excessive idling, aggressive driving and fraudulent activity. Due to these things, many fleet managers are reviewing and altering fleet policies. Improving driver safety through company-wide programs may also have a positive effect on reducing fuel costs.
Telematics and fleet fuel cards have become the most effective tools to reduce fuel costs within a fleet. Fleet fuel cards provide a more detailed analysis of employee payments, while telematics provides helpful reports of driver behaviors. With a high level of technology available, a fuel management strategy should be put in place to reduce fuel spend.
In addition to these methods of reducing amounts spent on fuel, other techniques include implementing low-resistance tires, active grill shutters, smaller engines. and light weighting of frames and parts.
Impac offers both telematics/GPS solutions and fleet fuel card programs aimed to reduce a business’ fuel costs. To modernize your fleet, contact Impac today.