Many fleets, small and large, look to discover the secret formula to improving fuel economy and their bottom line. But what exactly is fuel economy? Read on to find out.
Fuel Economy Defined
Fuel economy is the connection between distance travelled and the amount of fuel consumed for any given vehicle. Typically measured in miles per gallon (MPG), fuel economy can differ greatly depending on the make and model of a vehicle. For example, a small car is likely to have a greater fuel economy (more MPG) than a heavy-duty truck. Though each vehicle has an estimated fuel economy, there are many different ways to improve it.
Benefits of Improving Your Fleet’s Fuel Economy
Today, we have been hit with ever-increasing fuel prices and the pressure to go green is now driven by the need to reduce costs, as well as corporate sustainability targets.
For most businesses, the number one area targeted for reducing costs and improving their bottom line is fuel. As fuel is generally one of the biggest operating costs for fleets, investing in this area can have a great impact. An overall green fleet program targets the improvement of fuel economy by using innovative fleet management technologies like telematics. Also, more and more businesses are turning to hybrid and electric vehicle purchases to help build green fleets.
Using Telematics to Make Your Fleet More Efficient
One method that helps drive fuel savings is to implement a telematics solution. When using telematics, you can reduce fuel consumption by:
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Improving driver productivity by reducing vehicle idling time, speeding and harsh acceleration
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Finding shorter routes to reduce total miles driven
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Detecting engine issues that could be contributing to high fuel spending
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Analyzing your miles per gallon (MPG) reports to pinpoint your most fuel efficient vehicles
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Understanding the impact of out-of route refueling time on your business
How We Can Help
Armed with information, business owners can start to build plans that tackle fuel economy goals and objectives. Advantage Asset Tracking can help you address your needs and provide opportunities to achieve a positive ROI. For more information on how Geotab can assist you with your fuel economy needs, request a demo with us today.
