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

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

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

Blog Archives