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: 26776
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

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

Blog Archives