We’ve been hearing buzz about autonomous cars for almost a century now, with the dreams of a self-driving car for everyday use showing up in fictional accounts of the future in the 1930’s. As we saw the promises of other once far-fetched inventions come to fruition, we’ve continued to wait for the reality of an autonomous vehicle. Each year it
If you use propane to power forklifts in your operations, or other alternative fuels in your fleet, there may be an opportunity to file a Federal excise tax claim for a credit or refund related to the fuel used during 2017.
Fuel costs are a major cost of doing business when operating a fleet of any size. Purchasing new vehicles can significantly reduce fuel cost, but can be prohibitive as a capital investment. Most fleet managers are unable to replace their entire fleet and may continue to operate older vehicles for some time. This means that proper maintenance to improve and maintain
Throughout the year, Sokolis must update its records for all of the changes made to fuel taxes. It’s a tedious task to sift through the information scattered across the internet for each state. Even though there are web sites that consolidate fuel tax rates in one place, identifying potential exemptions takes more research than just glancing at summarized data. That
Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more
When you’re driving all the time, what seems like ‘perfectly normal’ fuel prices for everyone else can stack up to a really large expense. Fleets with trucks are among the largest fuel consumers in the modern world no matter how much you optimize your vehicles, your policies, and your shipping routes. At that point, it’s up to the drivers to
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, we‘re not surprised because we see this happen frequently. Prior to becoming a Sokolis client, these companies typically just signed off on fuel invoices that contained “special” taxes or environmental fees.
We’ve been in the business of finding savings for fleet managers for 13 years now. And in that time, one thing we’ve heard again and again is that their efforts to find savings is one of the key factors on which they’re assessed. For some, the ability to cut costs is often what decides whether they get a year-end bonus.
The average retail price of diesel fuel continues to hover near $4.00/gallon. When you look at the total retail price of diesel fuel, it’s important to understand the components of the price to know where there may be opportunities to reduce the cost.
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
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