Fleets Save Time, Money With Technology-Enabled Services
This story appears in the February 6 print edition of iTECH, a supplement to Transport Topics.
Trucking companies today are doing much more with fuel cards than purchasing diesel. As card issuers deploy technology to connect new services to their cards, fleets are using them to better control fuel spending, gather data on their operations and even book hotel reservations.
Increasingly, fuel card services are accessible on mobile apps and limited only by a fleet’s needs and, to an extent, by its credit worthiness.
“I use my card for [International Fuel Tax Agreement] reporting and to see what my trucks are consuming weekly,” said Jaime Fernandez, director of operations at American Shield Transportation Inc., a small carrier based in West Covina, California.
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Fernandez said he also appreciates the fuel discounts negotiated by his card issuer.
“I get 10 to 12 cents a gallon cheaper than what’s out there. I can also get truck washes and cash with my card,” he said. “Fleets not using fuel cards are definitely missing out on a lot of services.”
Because fleets’ fueling and administrative needs vary widely depending on their size and operations, card providers regularly expand their services or offer new ones.
Wex Inc., provider of Fleet One and Electronic Funds Source fuel cards, introduced ClearView, a web-based fleet analytics tool, in late 2015.
“We found in our market survey that 45% of fleet managers were looking for tools to help them analyze and optimize their operations, and ClearView does that,” said Bernie Kavanagh, senior vice president at Wex. “It’s an easy-to-use tool that helps fleet managers uncover cost-saving opportunities, saving tens of thousands of dollars in some cases.”
|By Susan L. Hodges
© 2017, Transport Topics, American Trucking Associations Inc.
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