3 Costly Mistakes To Avoid When You Purchase Fuel in Bulk
May 7, 2024
Learn how to avoid three costly mistakes when buying fuel in bulk, from ignoring fuel data to focusing on the price.
Learn how to avoid three costly mistakes when buying fuel in bulk, from ignoring fuel data to focusing on the price.
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.
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
Fuel prices have been increasing rapidly over the last several months. Just one event or change can cause prices to spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet’s fuel program up at night.
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.
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
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
MAP-21 became law in 2012 – and one of its provisions was the electronic log requirement. These logs are used to enforce hours-of-service regulations and thus improve driver safety by reducing fatigue. There have been some fears amongst truckers that the new requirement will force smaller carriers out of business. However, those already following safe practices will benefit, and so
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