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

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: 26730
Continue reading 0 Comments

Most Recent Posts


Tag Cloud

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

Blog Archives