Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management. The recent changes to the Hours of Service (HOS) regulations have definitely created some challenges for companies that need to maximize their drivers’ productivity.
Many fleet managers, controllers, and CFOs might be surprised if they discovered they were overpaying fuel invoices because they included line items disguised as government taxes and fees. At Sokolis Group, we‘re not surprised because we see this happen frequently. Prior to becoming a Sokolis Group client, these companies typically just signed off on fuel invoices that contained “special” taxes or environmental fees. These bogus fees are nothing more than an additional revenue stream for the fuel supplier. However, in some other
The U.S. Department of Justice’s Office of Inspector General recently released their audit findings regarding the FBI’s fleet fuel procurement program. A number of deficiencies were identified with the FBI’s purchasing controls including not verifying quantities and prices invoiced by their fuel suppliers. You might find it surprising that the FBI didn’t pay close attention to these details but fuel management is obviously not one of their core competencies. In fact, it’s easy to do a web search and find
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management and Hours of Service (HOS) regulations can create challenges for companies that need to maximize their drivers’ productivity.
Many companies have determined that locating a bulk fuel tank in their own yard provides the most cost-effective method for their fleet fueling requirements. Bulk tanks certainly come with insurance and environmental challenges, but they can be overcome with careful planning. It’s also costly to purchase and install a bulk tank, but significant net savings may be achieved compared to alternative fleet fueling options assuming your tank doesn’t “leak.”
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management. The recent changes to the Hours of Service (HOS) regulations have definitely created some challenges for companies that need to maximize their drivers’ productivity.
Are you one to NOT carry around cash and use your debit card for everything, even diesel fuel? I am. It’s easy to just have a debt card right? It’s like having cash but in plastic. And with all of the scams out there with the gas pumps with your credit cards, why wouldn’t you want to use your debit card?
Pilot Flying J truck stops are under investigation by the FBI and IRS. The reason for the investigation has yet to be clear by those 2 authorities. Pilot Flying J truck stops, CEO, Jimmy Haslam said in a press conference, “that the rebates that were owed to customers were not paid. We, of course, disagree with that.”
If you were a fleet manager last week on the East Coast you saw what was coming your way and hoped you had the right fleet management solutions in place for the unknown.
The Department of Energy (DOE) just released diesel fuel pricing data that has diesel fuel prices rising for the 10th straight week jumping 7.5 cents to $3.513. It’s the largest increase since December 6, 2010 early in this rise of fleet fueling prices for trucking. This increase puts the diesel fuel price 74.4 cents higher than this same time last year. Is there any good news in the fuel management world or is everything glum? Well, some good news is
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