As the owner of a vehicle fleet, you’ve got your work cut out for you. From keeping track of your trucks to ensuring deliveries are made on time, your job is ceaselessly demanding. If you’re noticing that the business isn’t running as smoothly as you’d like, or that things aren’t what they used to be, it may be time to make some changes. Here are four ways you can improve your fleet’s efficiency.
- Fuel Matters: Fuel is the largest expense for fleet owners, making it the main target for improvement. Though it may seem obvious to purchase fuel where it’s being sold for the cheapest pump price, you can actually end up losing hundreds or thousands of dollars by following this method. Because commercial vehicles pay taxes based on fuel used as they drive through provinces and states (rather than where it was purchased originally), buying pump prices includes hefty regional taxes; if you buy base fuel prices instead, you’ll be saving on those taxes — regardless of how cheap pump prices may seem.
- Charge The Right Rate: Finding the right rate to charge your clients is a balancing act between covering operating costs and providing a profit, and being affordable to customers. Your rate needs to be determined before you start calling shippers and making sales.
- Install GPS Fleet Tracking Hardware: GPS tracking systems can help your company in many ways, from managing idleness to tracking down stolen vehicles (considering the fact that a total of 126,603 vehicles were reported stolen between 2012 and 2014 because their keys were left in them, this is something you’d want to cover). Vehicle tracking system features include the ability to reduce travel distances, and allow you to see your entire operation at once.
- Improve Communication: Although vehicle tracking system features let you keep an eye on your drivers, it’s vital that you regularly share information with them as well, and vice versa. By ensuring a clear line of communication is always open, delays and updates can easily be sent back and forth.
The cost of an inefficient fleet is too much to risk: unnecessary idling can cost $780 dollars per year per truck, which can certainly add up if you’ve got a large number of vehicles at your disposal. Rather than suffer the costs — both financial and stress-related — that accompany inefficiency, commit to improving these factors. Buy the right fuel at the right price, know what you’re worth, take advantages of your vehicle tracking system features, and keep information constantly flowing between your drivers.