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Real Life Examples of How to Reduce Fuel Costs
Let’s face it, the cost of fuel isn’t something fleets can hide from any longer. We all know it’s going to continue to rise and there’s nothing we can do about it. What you CAN do, however, is be proactive in keeping your fuel costs down. A GPS fleet tracking solution is the ideal tool to keep your fuel costs under control. Here are a few real life examples demonstrating how GPS Insight has done just that.
Idle Time Reduction
Ahern Rentals, a large equipment rental company, stated that they “want to save $100,000 on fuel” in the upcoming month. In order to accomplish this, GPS Insight implemented driver-centric alerts, wherein an alert stating “Turn your truck off” was sent via SMS and/or email to the driver of a respective vehicle after 7 minutes of idle time, and every 2 minutes thereafter until the vehicle was turned off. After 15 minutes of idle time the message was also sent via SMS to their Supervisor. In the first full month after implementation, this customer saved over $100,000 in fuel, reducing their total fuel consumption by nearly 28,000 gallons. These cost savings alone nearly tripled the amount of the total monthly spend on GPS Insight.
Speed Monitoring
Complete Vacuum & Rental, a large oilfield service and rental company, has seen substantial fleet-wide fuel savings. Complete Vacuum & Rental has experienced a 15-20% decrease in speeding incidents since deploying GPS Insight in July of 2008.
According to www.fueleconomy.gov, “Speeding can lower gas mileage by 33% at highway speeds and by 5% around town.” Furthermore, research indicates that you can assume that for each 5 mph that is driven in excess of 60 mph you will pay an additional $0.24 per gallon for fuel.
Utilizing GPS Insight’s speeding alerts, they were able to curb speeding by setting a threshold that instantly alerts management via SMS or email when that threshold is exceeded. Complete Vacuum has realized approximately $1,100 in monthly fuel savings due to proactive speed monitoring.
Optimized Routes
Comverge Energy, a large energy corporation, decided to implement GPS Insight’s Garmin integration at their Arizona location in order to efficiently dispatch and communicate with their technicians and provide turnby-turn directions. GPS Insight’s Garmin functionality optimizes their routes and sends them out wirelessly to each vehicle’s Garmin, leading to significantly fewer miles driven. Comverge reduced their fuel consumption by approximately 560 gallons in the first month the system was deployed, equivalent to approximately $2,250 in fuel savings with gas at $4 per gallon. Comverge AZ reports that they are currently saving almost $200 a month PER VEHICLE by effectively utilizing Garmin integration. With Garmin integration alone, they’re saving 5 times more than the monthly cost of GPS Insight’s service.
GPS fleet tracking will help you save on fuel costs, which you otherwise wouldn’t be able to control. In addition to cutting idle time, monitoring speeding, and optimizing routes, you can also keep fuel costs down by monitoring unauthorized usage, fuel card fraud, and maintenance.
To learn more about how the GPS Insight Fleet Tracking Solution will help reduce your fuel costs, schedule a demonstration with an Account Manager today!
PDF:
GPSI_Real_Life_Examples_of_How_to_Reduce_Fuel_Costs.pdf
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