With constantly rising gas prices and other swelling expenditures, fleet management can be a very difficult job. It is estimated that approximately 38% of total annual carrier costs are just fuel-related expenditures.
While fleet managers can’t reduce all expenditures, there are efficient ways to reduce the money fleets spend on fuel consumption every month.
In this blog post, we discuss 4 proven ways commercial drivers and fleet managers can combine forces and save thousands of dollars in fuel consumption.
In today’s trucking industry, one of the most important responsibilities of a fleet manager is to plan efficient routes for drivers.
ELDs or electronic logging devices are equipped with built-in GPS tracking systems, which makes it easier for any fleet manager to plan routes efficiently. By making sure that all drivers are taking the least congested and the shortest route possible, fleet managers can significantly minimize fuel consumption.
Taking routes with the least amount of traffic, consolidating trips, avoiding unnecessary trips, and planning shortest possible routes can help companies save a lot of money.
Fuel cards are great for saving money on fuel.
First, they add a lot of convenience for drivers, as they don’t always have to have cash readily available. Fuel cards also lead to increased safety and an easier time tracking all the purchases. The detailed insights and data are a bonus on top of it.
Most importantly, however, fuel cards offer great discounts on hundreds of different outlets. Depending on the fuel cards company, you can save thousands of dollars in discounts every year.
Bad driving behaviors and practices, such as hard acceleration, hard braking, and speeding can lead to fuel wastage.
If you have an ELD system that lets you identify drivers with bad driving behaviors and alerts you whenever such an event happens, you can arrange training sessions and instantly minimize this wastage of fuel.
For instance, by driving at 65 mph instead of 55 mph, drivers can consume up to 20% extra fuel.
Such small things are often neglected but, as you can see, they can make all the difference when it comes to net profit.
One of the simplest ways to drastically reduce fuel wastage and save money is by tracking vehicles and drivers that are involved in idling.
Idling refers when a driver keeps the engine running while the vehicle is static. Every year, fleets pay thousands of extra dollars because of idling. It is estimated that for a truck that uses $70,000 of fuel wastes approximately $5,600 on idling.
Many good ELD solutions allow fleet managers to track idling from the fleet management dashboard. Once you identify drivers who idle for too long or too frequently, you can conduct training sessions that encourage them not to waste fuel on idling.
Investing in modern technologies such as ELDs can give you access to all the important data that you can use to streamline operations as well as minimize total expenditures.
Use our free ELD price comparison chart to find the best, most cost-effective ELD solution for your fleet.