For most businesses, fuel spend often accounts for the largest portion of their fleet’s operating costs and in 2018, volatility reigned supreme at the pump. Through much of the year, gasoline and diesel fuel prices steadily increased and many fleets saw this gradual climb push their overall operating costs significantly higher. While fuel price volatility has stabilized in recent weeks, there’s still an opportunity to explore strategies to better control this top driver of operating costs.
In part two of Automotive Fleet’s annual operating cost survey, ARI’s Andy Hall offered his perspective on how rising fuel costs throughout 2018 impacted fleet operators. Hall also provides several strategies for organizations to consider as they look to reduce their overall fuel spend. In the article, Hall stresses the importance of a comprehensive, well-communicated fuel management policy and also highlights the role telematics can play in helping to reduce fuel consumption.
“The real-time optics telematics delivers can transform performance and benefit most organizations across virtually all areas of fleet. Specific to fuel costs, telematics can help fleet operators monitor driver behavior to ensure they adhere to eco-friendly driving habits, measure vehicle idling in an effort to combat excessive idling and the associated fuel consumption, and provide dynamic routing to optimize productivity and fuel efficiency,” said Hall.