Despite the recent dip in price, the upward trend of fuel costs is a constant burden to logistics and transport managers. Any way of saving money is not only helping your business get to the bottom line faster, but also allowing you to improve areas under your responsibilities through reallocating the budget.
With this in mind, here’s 5 simple steps you can take to reduce your HGV fuel costs…
Reduce HGV fuel costs
1 – Check your vehicles
Inspecting your existing stock is a great place to start to save fuel. Checking tyres are in good condition and at the correct tyre pressure can save more fuel than you think.
It has been estimated that 5 million gallons of fuel per day is wasted in the UK due to vehicles having low tyres pressures.
Also check that fuel tanks aren’t being overfilled, the load is correctly positioned and the vehicle has an air deflector for improved aerodynamics.
2 – Reduce your fuel costs
Choosing whether to go down the contract or spot purchases route is a stick or twist scenario – but a mixture of the two strategies may be worth considering whilst prices are still falling.
Using online services available to pick out the cheapest suppliers and communicating these to your drivers is another way to reduce fuel costs. Fuel cards are also another avenue which you may look to research to see if a saving can be made.
3 – Monitor fuel usage
Monitoring fuel usage alongside the vehicle odometer reading can give you invaluable analysis. Cross referencing against vehicles and drivers may give you an indication of where the problem lies if the fleet is underperforming.
4 – Planning your journeys better
Traffic, weather conditions and the landscape are three things you can’t control, but you can avoid them in the quest to save fuel.
Planning routes by avoiding steep and congested roads can make a big impact to the fuel the HGV uses. It may also be worth looking at combining two loads if the vehicle has the capacity to do so.
5 – Train your drivers
According to the FTA, fuel efficient drivers has been proved to reduce consumption by 15%. To achieve this, you must look towards giving your drivers the correct training.
Knowing to keep the revs in the green band, using cruise control and completing driver walk around checks can all help to improve efficiency.
Budget restraints biting?
Budget restraints from head offices around the UK are contributing to stressful transport managers trying to cut their operating costs where they can.
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