Vehicle tracking systems can help create savings of up to 40% on fleet fuel costs, according to Ram Tracking.
The company is warning that while the economy is improving, businesses could be losing out unless they monitor and manage fuel use with vehicle tracking systems.
It says the top causes of excessive fuel use - speeding, ineffective route planning, unnecessary idling, unauthorised private use and poor driving habits - can be eliminated with telematics products.
David Jeffrey, owner of David Jeffrey Gas Services and a RAM customer, said: "We noticed our fuel costs seemed to be escalating and suspected this was mostly due to unauthorised out of hour’s vehicle use by our engineers. As well as the obvious costs to the business in both fuel and wear and tear, this also represented a significant health and safety concern, particularly when vans were being driven around late at night and in the early hours of the morning.
"Since installing the tracking we’ve reduced fuel spend by almost 50% which has had a huge impact on the profitability of our jobs by dramatically reducing travel costs."
"Every fleet, big or small, relies on fuel to keep it moving; the challenge is to consume it effectively,” explains Chris McClellan, Director of RAM Tracking. “And, with the UK currently having the third highest diesel pump price in the world, it’s imperative fleets are able to see exactly how the fuel they’ve paid for is being put to use.
"Proactively managing your company’s fuel expenditure can decrease costs and increase profits without increasing fleet size or hiring more drivers. And as the improving national economy puts increased demands on vehicle fleets, then it is essential that companies act now so they get the maximum benefit."
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