What is fuel efficiency and why does it matter?
Fuel efficiency denotes the amount of fuel required to cover a certain distance. It depends on various factors including the route, vehicle health and driving conditions. Improving fleet fuel efficiency is of prime importance because it helps you reduce fuel cost for the fleet while increasing productivity. In order to improve fleet fuel efficiency, you need to adopt certain practices, monitor patterns and switch to relevant technologies.
Why should logistics companies care about fuel efficiency?
The rise in fuel prices is a major challenge for most individuals and companies that own or operate personal or commercial vehicles. However, for logistics companies, fleet owners and truck drivers who operate small, medium-sized and large fleet, it is a heavy financial burden as these vehicles need many gallons of fuel every single day. Therefore, improving fleet fuel efficiency helps to reduce fuel costs and save money that can be used for other logistics operations.
4 Ways to Save Fuel and Cut Costs for Your Fleet
- Route Optimisation: Fleet fuel efficiency depends heavily on the routes. Vehicles that choose routes that are smooth and shorter save more on fuel than uneven roads and long winding routes. Therefore, route optimization using GPS, and other fleet management software is the ideal solution to reduce fuel cost for the fleet.
- Driver Monitoring: Idling which is leaving the vehicle’s engine running while it is not in motion is one of the major reasons that increase fuel spending. Therefore, monitoring driver behaviour through telematics technology and making sure the vehicle is operated in the right manner helps to reduce fuel cost for the fleet.
- Vehicle Maintenance: Vehicle health or maintenance also plays a vital role in improving fleet fuel efficiency. Vehicles that have defective parts or low performance lead to higher fuel consumption. Therefore ensuring prompt vehicle maintenance through relevant technologies that predict the need for servicing helps to reduce fuel consumption and costs.
- Fuel Discounts: The hike in fuel prices in the recent decade has been a financial burden for all logistics companies, fleet owners and truck drivers. Therefore, discounted fuel prices through trucking fuel cards is one of the best ways to save more money on fuel purchases along with cashback and rewards.
Why are fuel cards better than other options?
Trucking fuel cards provide huge discounts, cashback and rewards for fuel purchases. Moreover, it does not require any installation compared to other options where software has to be installed. For instance, Axlerate provides the best trucking fuel cards that help you earn rewards, set transaction limits and keep track of your fuel expenses with a single card and a user-friendly dashboard.
Let’s Wrap Up!
Fuel efficiency is a matter of concern, especially for logistics companies, fleet owners and truck drivers. There are several ways to improve fleet fuel efficiency including route optimization, driver monitoring, vehicle maintenance and fuel discounts. Comparatively, using fuel cards to gain discounts, cashback and rewards is an easier and more effective option to improve fleet fuel efficiency and reduce fuel cost for the fleet.
Axlerate is a unified platform for Logistics and transport management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.