Running a successful fleet requires operators to manage the smallest of details to achieve minimum spend and maximum efficiency. Fleets need to be safe, secure, efficient, compliant, and sustainable to reduce costs and increase the bottom line. Fuel spend is one of the highest costs of keeping assets and vehicles on the road.
Standard Bank in South Africa has estimated that the cost of fuel per transaction has risen by 73% between January 2010 and April of this year. David Molapo, the Head of Standard Bank Fleet Management, has said that fleet fuel costs were the biggest single operating expense in fleet management and had contributed to pushing the average cost of running a vehicle to more than R4000 a month. In the USA, fuel spend is ranked at #2 after payroll costs, coming in at 32% of a fleet’s total budget. In the UK, fuel accounts for 20% of the total cost of fleet ownership. With fuel prices at their most volatile worldwide, managing and reducing fuel consumption is a top priority for all fleet operators.
In the UK, Wincanton plc has reported a 14% decrease in fuel consumption usage.
In Australia, British American Tobacco (BAT) achieved fuel savings of 2.05 ROI over an 18-month period.
To read more about how our global customers are saving more fuel and boosting their profits, you can download any of our case studies here. Please don’t forget to select the relevant region in the top righthand corner.
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