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: 26791
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

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

Blog Archives