Office: (404) 975-4800

Maintenance & Repair

Top 6 Ways for Fleet Owners to Conserve Fuel

 

While you may find the picture above amusing, there’s nothing amusing about spending more money for fuel than you need. Your fuel prices are high enough without them receiving any extra help. While many ways exist for you to lower your fleet’s fuel costs, let’s look at six of them right now. Here are the top ways for fleet owners to start conserving fuel.

1. Regular Preventive Maintenance

The number one and most impactful method for reducing fuel costs is implementing an effective regular preventive maintenance (PM) program. Regularly scheduled PM, which can improve a truck’s fuel economy by up to 40 percent, includes maintaining engines and related components as well tires.

 

  • Regular engine oil changes are a must for your trucks because they’re one of the biggest components to PM. The United States Department of Energy states you can increase per-truck fuel economy by as much as two percent by using manufacturers’ recommended engine oil grades. Additionally, look for engine oil labeled as “energy conserving”; it contains friction-reducing additives that help increase fuel economy. Less friction means oil will circulate more easily through the powertrain, which helps improve fuel economy.

 

  • During each of your trucks’ PMs, remove and clean the battery, its connectors, and cables, then load test each one. Something may fail under load, but better in your shop than on the road. Buy your mechanics a battery tester and ensure they know how to use it.

 

  • Trucks’ coolant systems and pressure test caps must be checked during each PM. You don’t want coolant to boil, possibly leading to more costly repairs because of a faulty cap. By caring for your trucks’ cooling systems, you can prevent about 50 percent of potentially major engine failures.

 

  • Don’t forget antifreeze. By “don’t forget,” we mean pay attention to the antifreeze you use prior to adding it to a truck’s cooling system. Newer engines contain metals such as aluminum that don’t play well with some of the chemicals added to engine coolants. Ensure your technicians understand which trucks require which coolants, and ensure they monitor the coolant condition of each truck.

 

  • Lubricate, lubricate, lubricate – and not just engines. Kingpins and universal joints are two major weak points, so take care of them. Although some universal joints have been designed to run hundreds of thousands of miles without trouble, many eventually will require a normal lubricant regimen.

 

  • Let’s talk a little bit about your truck’s tires. The United States Department of Energy maintains that for every one PSI drop in tire pressure, gas mileage will decrease by 0.4 percent. Also, ensure trucks maintain proper wheel alignment, as improper alignment can negatively affect fuel efficiency by up to 10 percent. Needless to say, keep your truck’s tires inflated to the proper pressure and check your wheel alignment.

2. Reshape Your Driving Behavior

The second way to conserve fuel is by addressing driving behavior. The United States Department of Energy has found aggressive drivers can reduce highway fuel efficiency by up to 33 percent and city fuel efficiency by up to five percent.

How can fleet owners shape driver behavior? One way may be to deploy in-cab tools such as coaching apps. Here are three in-cab driver coaching apps that can help increase your fleet’s fuel efficiency. Although they all differ from one another in particular respects, they share several commonalities:

  • They draw their truck data directly from the engine control module through a truck’s data port.
  • They all provide drivers with indicators regarding their driving performances.
  • They all provide driver feedback and score them based upon driving technique, without relying upon fuel consumption data.

Deploying apps like these and having your drivers accept them will work best when you and your company trust your drivers. If you trust them, they’ll trust you and be more likely to accept new technology. Your drivers may even use apps like this to create friendly rivalries to determine who is the most fuel-efficient driver. You could even create company-sanctioned competitions complete with rewards for drivers and driver teams.

3. Fuel-Saving Technologies

Third, evaluate fuel-saving technologies you could implement in your fleet. If you haven’t yet, evaluate telemetry, automated manual transmissions, low-rolling-resistance tires, anti-idling devices, synthetic lubricants, automatic tire inflation systems, adaptive loading axles, full-tractor aerodynamic packages, and aerodynamic skirting for trailers. These are some of the low-hanging fruits you could grab.

4. Consider Truck Replacement

You might consider replacing older trucks with new trucks, even if you might be retrofitting older trucks with fuel-saving specs. Fleets can save $6,048 per truck in the first year of fuel expenditures when replacing a 2015 MY sleeper. That’s a 12 percent increase in fuel economy!

5. Analyze Your Truck Data

Perform some old-fashioned data analysis. How do patterns of fuel usage compare among your drivers on the same or similar routes? Who uses the most fuel, all things being equal? Which trucks present the lowest MPG? Could design or mechanical issues cause any discovered fuel efficiency issues? Maybe the route itself creates a fuel efficiency issue, which leads to the sixth and final top way for fleet owners to conserve fuel.

6. Optimize Your Route Plans

Don’t just rely solely on routing software; perform a route analysis the old-fashioned way. Road quality, traffic conditions, and speed limits influence a truck’s MPG. The shortest distance from one point to another may not always be the most cost-effective. Analyze idling time vs. driving time and design routes to minimize idling as much as possible. Also, look at the terrain your trucks travel on. The EPA’s fuel estimates assume operation on flat surfaces, so if your routes traverse hilly or bumpy roads, your vehicle’s MPG will be lower than the EPA’s ratings for your vehicles.

What Are Your Options To Cover the Cost of Semi Truck Repair?

If you’re a veteran of the open road, you probably know as an owner-operator just how expensive it is to maintain a semi truck. But how exactly does that cost break down? It’s no secret that truck driving can be a lucrative career. But how do the costs of repair maintenance compare to average income, and what are your options to cover repairs if you don’t have the cash up front?

Today, a successful commercial truck driver according to CNN can make a median annual wage of $73,000 working for a privately owned fleet (such as Wal Mart). According to the Labor Department, the median salary for all truck drivers is around $40,000 a year. However, trucker wages have been steadily increasing alongside a national shortage of commercial vehicle drivers. The demand for more drivers has influenced private fleet owners in particular to offer more enticing benefits and gains. Truck driving is also a sustainable career, with the median age for drivers landing at 49 years old, slightly higher than the median age for all American workers (42).

With all the financial opportunities and benefits that lie in the commercial transportation  industry, the costs of operation can still add up. Operating a commercial vehicle is expensive, and can cost up to $180,000 on a yearly basis by some estimates. Diesel fuel alone is one of the largest expenses, with semi trucks requiring up to 20,500 gallons a year in standard use. This equates to $70,000 of diesel fuel per year! This is 39% of total operating cost, or $0.54 per mile. If you operate a small fleet as a business owner, you’re especially attuned to these costs.  

Most importantly, year truck maintenance and repairs are estimated to cost around $15,000 annually. Common issues include air/line hoses, alternators, wiring, and brake repairs. Additionally, annual tire expenses can run around $4,000 a year to replace 16 out of 18 tires on an 18 wheeler. So what happens when you run into trouble and need cash to finance inevitable semi truck repairs or maintenance? Commercial vehicle lenders provide a range of financing options.

1. Commercial Vehicle Title Loans

Commercial vehicle title loans can function as a means toward cash for repairs. You can utilize commercial lending for title loans when you own your semi truck and want to use that capital for a loan to cover the expense of repairs. When you take out a title loan, the lender holds your title as collateral for your loan. You make payments to buy your title back and regain ownership. The terms of your loan may depend on the value of your truck as well as your overall credit. You may also be able to approximately determine the your monthly payments and down payment using a loan calculator, or even a commercial loan calculator. While these tools are not definitive, they could help put your finances in perspective. As you consider your options, note that many commercial vehicle financing companies offer commercial truck title loans as well.

2. Refinancing

If you already have a commercial vehicle loan but need fast cash for repairs, you may consider refinancing your loan. If you’re refinancing, you’re already familiar with commercial truck financing, but you may not realize that refinancing could help reduce your monthly payments and save you money. You can use the money you save monthly towards the repairs your semi truck needs. Refinancing can help you direct money toward the demands of your business including tires, regular maintenance and repairs.

3. Personal Loans

It might be tempting to pursue a personal loan when your truck needs repairs and you’re short on funds. However, commercial vehicle loans for bad credit are readily available. Commercial vehicle loan rates can be slightly higher, but are usually more flexible on issues like bad credit or child support issues. Factors like established credit, collateral, a history of payments on a semi truck or home, and a clean record of bankruptcy or repossession will improve your rates on a semi truck repair loan. If you decide to pursue a personal loan, know that a credit check will be a part of that process. Personal collateral as well as business collateral can be useful when you’re trying to obtain any type of loan.

4. Commercial Vehicle Repair Loan

Many lenders offer loans tailored to your truck repair needs. Repairs on one semi truck can frequently run between $10,000 and $20,000. When you work in the commercial transportation industry, you know that every day you’re off the road is a day of revenue or income lost. Many lenders have flexible requirements to qualify for a truck repair loan, and offer loans for less experienced drivers or drivers with bad credit.

If you’ve run into some trouble with your semi truck and need options fast, don’t hesitate. You can finance your repairs to get back on the road and continue earning your living. Consider refinancing, a title loan, a commercial vehicle repair loan, or a personal loan when you’re at a crossroads.

Archives

Sign Me Up!

Stay up to date with the latest news in the commercial trucking industry.

Contact Us
close slider