Fleet Management News

FieldLogix is a top news source for fleet management news. We are constantly evaluating the market for top fleet management trends and report our findings to you. We are the go-to source for many fleet managers and analysts that cover the fleet management industry. Our extensive knowledge of the market ensures that we are capable of supplying fleet management news that is credible, timely, and informative.

Gas Prices Expected to Drop up to 50 Cents a Gallon

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Gas prices are expected to drop at least 10 – 15 cents in the upcoming weeks, and may drop by 40 – 50 cents a gallon after Labor Day.

Oil prices tanked last week because the US and 27 other members of the International Energy Administration (IEA) agreed to release 60 million barrels of oil reserves into the global market over the next 30 days. Many Americans are hoping that a reduction in gas prices will boost the economy.

The recent increases in gas prices are a big contributor to Americans’ lack of confidence in the U.S. economy. In a recent Wall Street Journal/NBC News poll, 45% of those surveyed said the recent increase in gas prices has affected them “a great deal,” outranking concerns over food prices, the drop in home prices or even the unemployment rate.

US Taps Domestic Oil Reserves, Gas Prices Expected to Drop

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Oil prices sharply declined to their lowest level in four months after the United States and 27 allies announced that they are planning to release 60 million barrels of crude oil from reserves. Increasing the nation’s oil supply could lower gas prices as much as 50 cents a gallon, but relief at the pump is still several weeks away.

The purpose of tapping the oil reserves is to boost the global economy. The US is hoping to avoid another recession, as recent sky-high oil and gas prices have been contributing to the slow economy.

Gas prices have skyrocketed in recent months, surpassing the $4-a-gallon mark in May. Though gas prices have decreased since their recent peak, today’s national average price for regular unleaded is still over $3.61 a gallon, which is more than 87 cents above gas prices one year ago, according to the AAA Fuel gauge Report.

High Gas Prices Cause IRS to Increase Mileage Deduction Rates

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Gas prices have caused the IRS to make an unusual mid-year hike to the standard mileage rate used to deduct the cost of business-related driving. The mileage hike, linked to rising fuel prices, will begin July 1 and increases to 55.5 cents a mile. The current reimbursement rate is 51 cents a mile.

“This year’s increased gas prices are having a major impact on individual Americans. The IRS is adjusting the standard mileage rates to better reflect the recent increase in gas prices,” said IRS Commissioner Doug Shulman in a press release. “We are taking this step so the reimbursement rate will be fair to taxpayers.”

The standard mileage deduction is limited to companies using four or fewer vehicles. For larger companies ineligible to take the deduction, the IRS standard mileage figure is widely used as a benchmark in setting reimbursement rates for employees’ driving expenses.

Gas Prices Expected to Continue Decreasing

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Gas prices have continued to decrease this week. Many experts are expecting prices to continue fluctuating with an overall downward trend.

Drivers and businesses affected by gas prices have been pleasantly surprised because gas prices typically rise during the month of May. The current peak national average price for this year was $3.98 on May 5th, 2011.

In mid-May, Neil Gamson, an analyst for the Energy Information Administration, said “It is possible we have reached our peak.” However, that could change if the violence in the Middle East gets worse or if there is a bad hurricane season.

Currently the average price for a gallon of regular unleaded is $3.78, down 3 cents from last week and 18 cents from one month ago according to the AAA Fuel Gauge Report. Although this month’s decreases are good news, prices are still up over $1.00 from one year ago. Diesel fuel is currently averaging $4.00 per gallon, down 16 cents from one month ago.

DHL Launches Green Fleet Vehicles in Manhattan

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Last month DHL, one of the world’s largest logistics companies, launched a fleet of environmentally-friendly delivery trucks in Manhattan. Launching the new fleet of vehicles is an integral part of the DHL’s global Go Green strategy. DHL’s all-new Green Fleet is an important part of the company’s overall mission to reduce their environmental impact.

DHL’s goal is to improve the company’s carbon efficiency worldwide by 30 percent by 2020, compared to 2007 base levels. In addition to developing a greener fleet, the key components of DHL’s Go Green program includes the improvement of the energy efficiency in buildings, the implementation of innovative technologies, the mobilization of employees and the involvement of subcontractors and customers.

The company’s Green Fleet Initiative was launched in New York by Frank Appel, CEO of Deutsche Post DHL. According to Appel, “ Customers worldwide are increasingly demanding greener logistics, sustainable business procedures and initiatives like the one we are launching today will – at the same time – also enhance the profitability of our business. Sustainability, especially the reduction of carbon emissions, is a central aspect of our business and an integral part of our corporate strategy. As the global leader in logistics we are ideally positioned to foster climate protection in order to save our environment for future generations.”

Electric Vehicles Drive Green Fleet Growth By 2015

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Managing a fleet used to be much more simple. Nobody bothered much about carbon emissions or the environment, or even fuel efficiency or leasing costs. It was all about status or, at best, about getting the job done, rather than any consideration for the environment.

Fast forward to 2011 and things have definitely changed. Environmental considerations are now at the top of the agenda for any corporate or government fleet manager. Creating a green fleet is not only good for the environment, but it is good fro the bottom line as well. Reducing fleet emissions typically means burning less fuel and running the most efficient fleet possible.

Traditionally hybrid electric vehicles have played an important role in creating a greener fleet. But more and more fleet managers are turning to plug-in electric vehicles (PEVs) as a solution. A recent report from Pike Research titled “Hybrid Electric Vehicles for Fleet Markets” forecasts that between 2010 and 2015, more than 1.3 million PEVs will be purchased for use in fleet operations, with nearly 400,000 vehicles being sold annually by the end of the forecast period.

AT&T Launches New Fleet Tracking Solutions To Help With CSA Compliance

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AT&T (NYSE: T) recently announced the launch of three new dispatch management and mobile transportation applications from Complete Innovations and Xata Corporation (NASDAQ: XATA). Designed to streamline operations, optimize fleet and mobile workforce performance and facilitate fleet manager’s adherence with the CSA 2010 initiative, these new features will enhance AT&T’s portfolio of fleet tracking solutions.

Businesses that use these new fleet tracking features can get valuable insight into fuel consumption, vehicle maintenance needs, asset location and more, while drivers can find destinations more easily to deliver products on time. Over the last several years, the number of companies using fleet management solutions has grown substantially, fueled by advanced technologies such as powerful smartphones, GPS location services and machine-to-machine solutions. Frost & Sullivan industry analysts noted in a 2010 report that the subscriber base for Field Asset Management has increased from 1.4 million subscribers in 2008 to 2.4 million in 2010.

Xata Turnpike from AT&T helps private and for-hire fleets and owner-operators to comply with CSA 2010, a Federal Motor Carrier Safety Administration (FMCSA) initiative intended to reduce commercial motor vehicle-related accidents. Xata Turnpike makes it easy for businesses to abide by hours of service (HOS) and International Fuel Tax (IFTA) reporting requirements, while simultaneously helping them to optimize their fleets’ performances. Users can install Xata Turnpike from AT&T in just minutes and then run the application on their existing mobile devices.

Gas Prices Continue to Decline

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Gas prices are currently averaging $3.78 per gallon of regular unleaded fuel in the US, according to the AAA Fuel Gauge Report. One week ago, gasoline prices were averaging 4 cents more than today at $3.82 a gallon.

Gas prices in Los Angeles County continued to decline over the Memorial Day weekend, decreasing a half-cent Monday to $4.06 per gallon. The average price, which has fallen nearly 23 cents since the streak of decreases began May 7, is 7.2 cents less than it was last week and nearly 20 cents lower than it was last month; however, it’s still $1.042 higher than it was last year at this time, according to the AAA and Oil Price Information Service. Before the 24-day streak of decreases, the average price rose 43 times in 45 days.

Most analysts are saying that the recent decreases in gas prices are due to two reasons. First, gas prices are tied to oil prices which have been declining over the past several weeks. A barrel of benchmark West Texas Intermediate crude on the New York Mercantile Exchange has fallen 11.7 percent to $100.59 from its two-year high of $113.93 on April 29.

GPS Fleet Tracking Lowers Fuel Costs By 20% Says Network Fleet

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Network Fleet, a leading GPS fleet tracking system, recently published a paper titled, “Don’t Sit Idle While Fuel Costs Rise,” that shows how fleets can use GPS fleet tracking and engine diagnostics to lower fuel costs by as much as 20%.

The Network Fleet paper offers specific actions managers can take to analyze fleet operations and reduce costs. Fleets that begin using a GPS fleet tracking system report a quick, positive ROI primarily due to significant savings in fuel and other operating costs.

The paper uses several different fleets as an example, such as the Eastern Municipal Water District of Riverside, CA. Using the Network Fleet GPS fleet tracking system, the water district managed to reduce fuel costs by $79,000 in the first six months.

Fleet Tracking System Saves Company Hundreds Each Month

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One of the UK’s largest providers of port-a-potties, Toilets+, recently installed a GPS-based fleet tracking system in all 32 of the company’s vehicles. The real-time fleet tracking system is saving Toilets+ as much as £400 ($650 USD) per month in fuel costs, cutting engine-idling times throughout its entire fleet.

According to Toilets+ managing director, Mick Bowman, “Through the fleet tracking system, we discovered some staff were reaching a site and leaving their vehicle’s engine running, often for very long periods. Now drivers are required to switch off and remove the ignition key on arrival….We also use the fleet tracking service to check drivers’ start and finish times to aid the monthly payroll.”