If you are managing a large fleet then you have probably found that it is cost-effective to have a fuel storage tank on your property to handle some or all of your fueling needs.
Companies that run an active fleet may have some of the highest turnover rates among any industry. You can joke and say that truck drivers are inherently nomadic and this may well factor into the issue, the real core of the problem is that there are very few companies that can successfully create a rewarding environment of maintenance, policies, company culture, and pay rate to make these valuable professional drivers feel at home. Fleets across the country have been striving
Its 6:45PM and dinner’s on the table back home and your family is waiting, but you’re still at the office working on four different projects. Two of those projects need to be finished by Noon tomorrow. Sound familiar? That’s the business environment we live in today. Do more with less. 60+ hour work weeks. Lean initiatives. And let’s not forget the proverbial if it’s not broke don’t fix it. How do you make improvements in your business if you simply
There’s a lot more to managing fuel then just a discount. Fuel vendors want you to believe you are getting the best price possible. In most cases, a customer has no idea how they compare to another company buying the similar amount of gallons. Truth be told. Every company’s fuel buying program can be improved. Sokolis Group manages over 300 million gallons of diesel fuel. We know where a company of your size needs to be buying at.
As a CPA, I’ve been dealing with taxes for my entire career. To be honest, it’s a part of my job that I really don’t enjoy. There are so many different tax rates and so many inconsistencies when comparing different states, or even counties within the same state. Plus, taxes are always changing! For me, it’s a never-ending battle to stay on top of taxes, especially fuel taxes which are an important component of fleet fuel management.
When we think of saving money on fuel we automatically think of cheaper fuel prices; but there are other ways to save money on fuel before even hitting the pump.
Diesel fuel prices rose for a second consecutive week, rising 2.4 cents to $3.89 a gallon, while gas prices jumped 7 cents to $3.673. Diesel fuel had declined for 10 weeks prior to the current gains, dropping 31.4 cents in that string of downturns.
It has always been known that diesel fuel losses take place. The issue most companies always thought they had in the past is how to control diesel fuel theft with their drivers. With truck drivers running around and fleet fueling prices going up and down, fuel theft should not be a surprise. Some companies are well aware of the problem and others aren’t.
Love’s Travel Stops is the first truck stop in electronic payment system. Love’s Truck Stop is completing the addition of an RFID-enabled payment system at its truck stop locations, saying it’s the first travel stop company to give customers the ability to process payment at the diesel fuel island through radio frequency technology.
Diesel fuel theft is an issue that affects all fleet managers. As diesel fuel prices rise fuel theft rises as well and this problem seems to be happening around the world. From drivers using skimming methods to third-party thieves siphoning fuel from parked trucks there are various ways fleet fuel theft can occur. Thankfully there are ways to catch some of this fuel theft.
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