Efficient fuel programs help businesses save money, comply with regulations, and stay competitive. To improve your fuel program, you should understand market trends, as well as set clear goals for your organization.
In the dynamic world of fleet management, controlling fuel costs is paramount. Fleet cards emerge as indispensable tools, offering streamlined solutions to navigate the complexities of fuel expenses.
With fuel prices at or near record highs, HDT Talks Trucking looks at how fleets can save money beyond better fuel mileage. Glen Sokolis is CEO of Sokolis, a company he founded nearly 20 years ago to help fleets save money on fuel. On this episode of the HDT Talks Trucking video podcast, Editor in Chief Deborah Lockridge talks to
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.
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
Lately, I’ve seen a lot of headlines that highlight companies that are adding or replacing vehicles in their fleets with natural gas units. Various suppliers are also investing millions of dollars to expand their distribution networks so that CNG and LNG can be obtained more conveniently.
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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