Saving Fuel by the Dollar and by the Minute
The latest development with fuel-card programs is the option to access them with cardless technology. Likewise, pre-existing cardlock systems that enable drivers to quickly purchase fuel at unattended fuel islands may now be accessed without an actual card. The enabling technology is radio frequency identification (RFID). Photo: Comdata
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The latest development with fuel-card programs is the option to access them with cardless technology. Likewise, pre-existing cardlock systems that enable drivers to quickly purchase fuel at unattended fuel islands may now be accessed without an actual card. The enabling technology is radio frequency identification (RFID). Photo: Comdata
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There’s more to saving fuel than just not burning it. It’s called buying it for less. One of the surest ways to do that is to leverage high-tech solutions that take the guesswork and the data-crunching out of where to buy fuel at the best price on the road.
From various fuel-card options to analytical software tools and fueling apps for drivers, there’s a basketful of ways to save money on the fuel spend for any size fleet, often coming with the bonus of making fueling easier and faster for drivers.
An example of how fuel-payment technology has expanded well beyond using cards instead of cash is the relationship that Cherry Hill, New Jersey-based fleet NFI has established with EFS, a Wex company. NFI’s fleet operations recently moved its fuel-payments business to EFS because it was impressed by its technology and approach to partnering with fleets, according to Ike Brown, NFI vice chairman and president.
“With a dedicated fleet of more than 2,200 tractors across North America, ultimately we wanted a strategic partner with the highest level of customer service,” Brown says — a partnership that would go well beyond just how best to buy fuel on the road. “EFS’ unique integration approach and real-time reporting helped us identify efficiencies in our network.” NFI is using the EFS fuel card, which Brown says allows for integration into its existing transportation-management system. The fleet has also signed on for EFS’ fuel tax solution, fuel management, purchasing control and terminal fuel solutions.
On the card
For many fleets, fuel cards represent …Read the rest of this story
