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

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: 26735
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

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

Blog Archives