Studies show an interesting picture in the field of cargo transportation. It turns out that in the UNITED STATES, a transport company spends 95.2 cents out of one earned dollar to operate a truck. Net profit is 4.8 cents.
Therefore, fleets have to save on everything. One of the important components of the costs of cargo carriers is diesel fuel.
Trucking companies are trying to use fuel cards as efficiently as possible in order to save money. So how do fuel card programs work? In this article we will answer the main questions regarding this topic.
Basically, fuel cards are purchased by trucking companies. This most often happens in the parking lots of class 7 and 8 trucks. The size of the carrier does not matter. Customers of fuel companies that buy cards are:
The distribution of fuel cards is not a charity event. Both the seller and the buyer benefit from this. Fuel companies for small discounts attract more customers, and carriers receive discounts of 2-3% per gallon of diesel.
To attract even more customers, gas stations sometimes offer exclusive discounts that exceed the usual percentages. Fuel card programs bring fleets thousands of dollars saved.
The discount policy is stipulated by two parties: fuel and transport companies. There are usually two models:
Sometimes fuel companies give fleets a “better” option. In these cases, customers don’t have to guess which of the two cards to choose.
A number of companies charge a commission for each purchase of diesel fuel using the card. Depending on the place of refuelling or the type of card, your money will come to you immediately or at the end of the month.
Some companies prefer to make discounts at the point of calculation. The carrier pays a low price to the fuel company, which pays a reduced rate to the seller.
There are also fuel sellers who send the saved funds to the fleet at the end of each month. Such a system sometimes causes misunderstanding among drivers for the reason that when refuelling they draw the full cost.
Fuel cards are also useful in other ways, namely:
Saving money on fuel is the main task of the card. But it can also be used for discounts on maintenance of equipment, repair work, tire replacement, preparation of documents, accommodation, etc.
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