5 Ways To Cut Fuel Costs For Your Company Vehicles

Today’s entrepreneurs who rely on company vehicles are constantly on the lookout for ways to cut fuel costs. While fuel prices have dropped in recent months, they are nowhere near where they were before the fuel crisis, and fuel remains one of the biggest costs associated with a company fleet. Here are some practical tips you can use to lower your fuel costs:

  1. Install (the Right) Fleet Tracking Program

Transportation fleet in whiteFleet management and tracking software does more than just route your drivers and track what they are doing in company vehicles. It can also lower fuel costs. In fact, by giving you a way to track mileage, your GPS tracking program can help you maximize routing and send drivers on the most efficient routes to their destinations. This, in turn, will cut fuel costs.

How can you choose the right program? Look for one designed for small- to medium-sized businesses that tracks mileage, gives insight into driver behavior, such as unnecessary idle time, and offers preventative maintenance help. Using this type of data well will result in lowered fuel costs.

  1. Teach Drivers to Drive Smart

The way in which drivers drive also impacts the fuel economy of the car: Smart driving practices will lower your fuel consumption. Using the data from your tracking program, you can help your drivers make changes that will lower fuel costs.

For example, if your drivers can keep their driving speed below 60 mph, whenever it is safe to do so, your cars will get better gas mileage. Encourage employees to drive slowly, smoothly and to use cruise control when they can. Also, remove unnecessary items from the trunk or bed of the vehicle, which can increase weight and drag, and teach drivers not to idle.

  1. Fill Up Properly

Mistakes at the pump can add up to hundreds of wasted fuel dollars. First, choose the gasoline with the lowest octane level approved for your car. Look in the owner’s manual if you are not certain. High-octane gas, when not needed, simply creates more costs.

Next, when filling up, don’t “top off.” This does not save you money, and it increases the chance that you are paying for gas that seeps out or spills.

Finally, use an app to compare gas prices in your area, and shop smart. If you know a local chain has a lower price, or offers a business discount, use them.

  1. Keep up with Maintenance

Routine maintenance is an essential part of the fuel cost puzzle. Yes, oil changes and tune-ups do cost money, but Emily Brandon with U.S. News and World Report says, “Even simple changes like replacing a clogged air filter can improve gas mileage by up to 10 percent.”

What maintenance tasks have the greatest impact on fuel economy? Be certain that you keep your motor oil changed according to your car’s manual, inflate the tires to the proper pressure and make sure the engine is properly tuned to increase your fuel efficiency.

  1. Consolidate Trips

Treat your cars as valuable assets, and consolidate trips to avoid unnecessary starts, stops and drive time. If you need to do three business errands, do them at the same time, rather than at different times of the day. Plan your trips throughout the week so you are going to the same part of town one day, then another part of town the next. Consolidate groups of deliveries or choose to deliver to certain areas on set days of the week to cut fuel costs significantly.

Fuel costs may not be something you can avoid altogether for your business, but you can, and should, make smarter decisions to lower these costs. With a little bit of planning, you can use your company vehicles wisely and limit wasted fuel expenditures, freeing more of your money to focus on what matters: growing your business.

 

Robert J. Hall is president of Track Your Truck, a leader in GPS vehicle tracking systems and software for small and midsized fleets.

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2 comments

  1. Wow..
    Very lovely post..i really agree with the information that you have provided. Fuel costs are one of the hardest pieces of a field service company to manage. Fleet Tracking also allows fleet managers to integrate fuel card use into the system. Managers can keep a close eye on fuel use and catch potential abuse or theft by looking at patterns in usage. Very useful tips.Thank-you so much fo sharing these tips..
    Keep posting & keep sharing.. 🙂

    Regards ;
    Cortney G
    Cortney G´s last blog post ..Win With KYB!

  2. The most effective solution is. Put a GPS device on each company car. You can now monitor all your vehicles if they are used for official.

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