Click to Enlarge Infographic1. REDUCING VEHICLE SIZE AND WEIGHT
2. USE INNOVATIVE VEHICLE TECHNOLOGIES: HYBRIDS, CLEANER DIESEL ENGINES, GPS FLEET MANAGEMENT SOLUTIONS
3. MODIFY DRIVER BEHAVIOR: REDUCE HARD ACCELERATION, IDLING, INCONSISTENT SPEEDS, EXCESS USE OF AIR CONDITIONING AND HARD BRAKING
Click to View Larger PDFYour fleet is one of your company’s largest cost centers. But within that fleet are a myriad of opportunities for cost savings. To find those opportunities and act on them, you’ll need increased visibility and access to better business intelligence. The right telematics system can connect you to the data you need to drive operational efficiencies and reduce costs. Fuel Costs = 30% of Fleet Operating Expenses
Click to View Larger Image1. TIRES – Tire prices are rising
2. DRIVER WAGES – Driver shortage has led average pay to increase 15% since 2013.
3. FUEL COSTS – Fuel costs are highly volatile and rising.
4. ASSET LEASE OR PURCHASES – Truck and trailer payments rose by about 10% in 2016 alone.
5. REPAIR & MAINTENANCE – Maintenance costs rose 38% from 2008-2016 and are still rising.
6. DRIVER BENEFITS – Costs associated with benefits rose 15%.
7. TRUCK INSURANCE PREMIUMS – Insurance costs rose 29% in 2016 alone.
The largest operating expense in trucking is diesel fuel, but do you really know the true cost of your fuel? What if you could get true costs and not just averages? How much would that improve your forecasting and bottom line?
Cash is king, as the old saying goes, and getting paid faster is the goal of nearly every company. New technologies can help your company accomplish this goal and get your payments in faster than ever before.
How much money are you wasting backfilling driver positions and training new hires? Learn how you can improve your driver retention rates from an expert. In this informative program on what causes drivers to leave and how to retain them, Kelly Anderson, President of Impact Training Solutions, will share his experiences as the “undercover trucker,” where he is hired by fleets to go through their entire Recruiting, Orientation, and On-boarding process as a driver. Kelly’s experiences will shock you, entertain you, educate you, and arm you with information that will improve your recruiting and retention efforts. He will also answer your tough questions.
Work Smart. Make Money.
Arrive Logistics and FMSCA & DOT compliance expert, John Seidl of Reliance Partners, provide actionable tips on how you can maximize carrier efficiencies and increase carrier profit. The goal is to increase revenue while controlling four major expenses: Insurance, payroll, fuel and vehicle maintenance.
https://www.arrivelogistics.com/work-smart-make-money-webinar-files/
Fleet Management: How to Reduce Your Cost Per Mile/Hour
How to marry fleet maintenance best practices and the capabilities of Infor EAM to reduce fleets cost per mile/hour. Proper fleet lifecycle management combined with integrations to your fuel management system, SCADA and financials improves overall visibility, efficiency, lowers cost of operation and positively impacts the bottom line. Whether you have 1 or 100,000 fleet vehicles, this on demand webinar will be beneficial for your organization’s balance sheet.
Reducing Costs as a Shipper of Choice
This webinar offers shippers information on how to reduce freight costs by becoming a preferred shipper. Subject matter expert Brian Reed has spent the last 18 years serving freight providers and shippers around the globe by developing innovative and modern solutions to supply chain challenges. See his data-driven insights here.
https://www.youtube.com/watch?v=huxXSN-p2tw&feature=youtu.be
How To Position Your Company For A Successful Insurance Relationship
Learn how to:
https://register.gotowebinar.com/register/355723188052806915
Sources for Infographic:
http://www.trucking.org/article/new-survey-data-reveals-increases-in-driver-compensation
http://www.ttnews.com/articles/reining-rising-maintenance-costs
http://atri-online.org/atri-research/operational-costs-of-trucking/
40 Ways to Reduce Truck Fleet Costs
https://www.worktruckonline.com/145641/40-ways-to-reduce-truck-fleet-costs
Includes key topics:
Cost-Reduction Strategies that Go Beyond the Asset
https://www.worktruckonline.com/157408/cost-reduction-strategies-that-go-beyond-the-asset
If you want to save “dollars” instead of “pennies,” the best way to achieve additional cost reduction is by modifying driver behavior. The way employees drive company trucks and vans can improve (or decrease) fuel economy; extend (or decrease) the life of wear items, such as tires, brakes, etc.; decrease (or increase) preventable accidents; and maintain (or degrade) the overall condition of a vehicle, which, ultimately, has a direct influence on resale value. Learn more now.
4 Ways to Reduce Truck Fleet Costs
http://www.empire-tnt.com/Company/News/4_Ways_to_Reduce_Truck_Fleet_Costs/
Finding ways to reduce truck fleet costs is part of every economical fleet management plan. Each reduction method has to be weighed with the overall value to your company. Some cost reductions may pay off in savings, and others might work against you — they can actually cost you money rather than save it. See these 4 methods, with multiple tips in each section, to learn more.
Using Performance-Based Incentives to Optimize the Cost-Effectiveness of Fleet Operations
Half of today’s fleet managers receive performance-based compensation incentives. For the other 50% of companies that do not incentivize their fleet managers with performance-based compensation, now is the time to start thinking outside of the box. Here’s how.
27 Ways to Reduce Fleet Costs
https://www.shipleyenergy.com/energy-101-guides/guide/2017/05/08/ways-to-reduce-fleet-costs
The best way to maximize profits is through a competent set of management strategies that can help you reduce fleet fuel costs and also take into account vehicle upkeep and fleet consolidation. The 27 steps in this article are among the most effective ways to reduce fleet costs.
Fleet Policy Is a Crucial Component of a Successful Cost-Control Strategy: 10 Suggestions
A common problem in fleet management is the fleet manager communicates policy to the drivers’ managers, but the word doesn’t get down to the individual drivers. How do you increase driver compliance with fleet policy? See these 10 suggestions.
