Follow us on Twitter!
Blog Header Logo
DG&A's Transportation Consulting Blog
Subscribe to this list via RSS Blog posts tagged in Derek Singleton

As the cost of diesel fuel hovers around $4.00 a gallon in the United States and $1.30 a liter in Canada, trucking companies (and politicians) are again focusing on strategies to control energy costs that have risen forty percent since 2010.  President Barack Obama firmly defended his record on oil drilling last week and ordered the government to fast-track an Oklahoma pipeline while accusing Congress of playing politics with a larger Canada-to-Gulf Coast project.  Alberta, home to the world’s third largest pool of oil reserves, is working to increase capacity to transport crude amid opposition from environmental groups as companies such as Exxon Mobil Corp. and Suncor invest about C$20 billion annually in the oil sands. 

In addition to increasing supply, trucking companies are instituting measures to ensure these energy supplies are utilized as efficiently as possible.  Three such strategies were highlighted in a recent paper prepared by Derek Singleton, ERP Analyst at Software Advice.  Here are some excerpts from Derek’s paper and from other industry sources.

Careful planning and the use of predictive technologies–such as distribution business software–can minimize the impact fuel costs have on the bottom line. Companies that manage a fleet can cope with rising fuel costs using three general strategies:

  1. 1.Streamline fuel procurement;
  2. 2.Improve operations and fleet management; and,
  3. 3.Better plan delivery routes and shipment loads.
Streamline Fuel Procurement

Managing fuel costs isn’t just about taking steps to control the costs. According to David Zahn, VP of Marketing at FuelQuest, significant savings can be realized simply by building predictability into fuel procurement budgets. Gas prices typically swing five cents per gallon, up or down, on any given day. When purchasing thousands of gallons of gas, buying at the wrong time can be devastating to a company’s bottom line.

Technology solutions like FuelQuest give companies that store gas a way to forecast demand, monitor on-hand fuel, and procure at the best market price. Automating the fuel procurement process, says Zahn, typically saves companies four to six cents per gallon.

...
Hits: 26807
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

freight RFP Success routing guide Trucking natural disasters network optimization FCPC APL freight audit Stephen Harper Trade Vision economic forecasts for 2012 Otto transportation audit Omni Channel pipelines Ferromex Conway Freight Management drones 2015 Economic Forecast Amazon automation Scott Monty Canada U.S. trade peak season Driving for Profit Fire Phone LTL Reshoring Politics Blockchain Keystone Pipeline IANA fuel surcharge derailments driver NCC intermodal Colilers International home delivery driverless trucking company acquisitions CITA Shipper Pulse Survey Spanx transportation newspaper Freight Matching FMCSA Retail transportation Muhammad Ali Bobby Harris President Obama customer engagement CSA scores Business Strategy Canada's global strategy Freight contracts Distribution Adrian Gonzalez TMP Worldwide US Housing Market ELD 2014 freight volumes bulk shipping LCV's Tracy Matura Canadian truckers Freight Capacity Packaging Software Advice UP Retail Business skills Emergent Strategy Crude Oil by Rail FuelQuest truck drivers Horizontal Supply Chain Collaboration freight payment freight audit NMFC LinkedIn Leadership trade Education Freight David Tuttle Life Lessons small business Sales Management Carriers Transportation service Transportation Buying Trends Survey robotics Entrepreneur Freight Shuttle System freight costs Associates technology Transport Capital Partners (TCP) freight cost savings Outsourcing Sales broker security shipper-carrier collaboration shipping Social Media Canadian freight market Cleveland Cavaliers hiring process Harper Davos speech CN Rail Celadon CSX Derek Singleton energy efficiency Driver Shortage freight transportation conference Twitter Training Doug Nix transportation news JB Hunt freight forwarders mentoring USA Truck Swift supply chain management US Economy Blogging Canada-U.S. trade agreement YRC Freight Rates Transplace freight rate increases buying trucking companies TransForce freight payment 360ideaspace Consulting Werner EBOR $75000 bond Load broker Canada Job satisfaction professional drivers Dan Goodwill Broker TMS Grocery Toronto 3PLTL e-commerce CP Rail Management Transloading economy NAFTA Railway Association of Canada Career Advice Canadian Transportation & Logistics Whole Foods broker bonds ShipMax Deferred Packaging solutions provider Failure Facebook New York Times FCA Social Media in Transportation consumer centric carrier conference ProMiles shipper-carrier contracts online shopping Transcom Fleet Leasing 3PL Rotman School of Business Right Shoring cheap oil home delibery autonomous vehicles freight bid 2014 economic forecast freight transportation in 2011 Surety bond dynamic pricing the future of transportation 2014 freight forecast KCS Global experience dimensional pricing selling trucking companies Shipper Loblaw rail safety freight transportation Dedicated Trucking Dedicated Contract Carriage Rate per Mile freight broker University of Tennessee shipper-carrier roundtable CSA US Manufacturing Trump Hudsons Bay Company Crisis management Load Boards driver shortages Map-21 Transportation Finance and Transportation employee termination Accessorial Charges CN Training New Hires coaching Search engine optimization 2012 Transportation Business Strategies. Jugaad Inbound Transportation Masters in Logistics US Election Sales Training CRM Warehousing freight agreements RFP FMS last mile delivery Regina Freight Recession Yield Improvement Wal-Mart Freight Carriers Association of Canada Comey US Auto Sales Sales Doug Davis BlueGrace Logistics future of freight industry truck driver 2013 Economic Forecast capacity shortage business start-up NS Global Transportation Hub Success failure entrepreneur shipping wine MBA Rail Truckload Climate Change Donald Trump risk management Canadian economy Infrastructure marketing tanker cars financial management Schneider Logistics Microsoft Business Transformation Strategy MPG capacity shortages BNSF

Blog Archives