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Fleet execs * USA - Expect fuel to have bigger impact on operations in '08
Survey eyefortransport reveal that the majority of North American fleet executives expect fuel purchasing to become an even bigger challenge this year and are constantly adapting their fuel management decisions as a result
Orlando,FLA,USA -Today's Trucking (CAN) -17 Jan 2008: -- ... The Fuel Management for Fleets 2008 Report, conducted over two years with more than 300 North American fleet execs, was aimed at establishing the concerns and strategies of those in charge of fueling North America's fleets amidst concerns over the changing price of oil... With skyrocketing fuel prices, supply chain issues, new hardware specifications, environmental regulations and evolving technologies, the current climate can be daunting for fleet executives responsible for fueling their vehicles. With this in mind, eyefortransport asked survey respondents to pinpoint the areas that concern them the most, and their strategies for dealing with these challenges... The industry report showed that traditional fuel purchasing strategies are still the most popular, with 26 percent of respondents relying on negotiations with suppliers, 17 percent negotiating with fuel card companies and 14 percent creating and implementing a fuel-buying plan... One of the more sensitive areas covered by the report is customer surcharging... While the hope is that, via hybrids, aggressive fuel efficiency programs, bulk fuel purchases and alternative technology, fleets can limit surcharges in the future, currently 18 percent of respondents in 2007, rising to 28 percent in 2008, divulged that they offset all fuel price increases with customer surcharges. A further 39 percent in 2007 and 31 percent in 2008 said that they cover at least some of the price hikes through this kind of hedging. A nearly even 26 percent in 2007 and 27 percent in 2008 said they do not apply surcharges, but 7 percent each year said they were considering doing so as a way to hedge fuel increases in the future. By all accounts, there will be no great short-term reduction in surcharging practices... (Only 26 percent of fleet execs interviewed described their company's fuel management system as 'good')Labels: fuel costs troubles
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