With the cost of gas and oil making up approximately one-third of a trucking company’s expenses, owners naturally reduce spending wherever they can. Fortunately, drivers can take several actions that reduce fuel costs for their employer. Here are how other trucking companies have reduced the cost of fuel and ultimately made more money:
- Never overfill the gas tank. The driver is much more likely to experience an overflow of fuel when he or she makes a habit of overfilling.
- Drivers should always have a big-picture view of what’s in front of them. This can help them cut down on gear changes that use up a lot of fuel.
- Turn the air conditioner off if weather permits.
- Choosing synthetic oil helps to save fuel because it doesn’t become as thick during cooler weather. This allows a driver to travel more miles before requiring an oil change.
- Drivers should always follow the speed limit. Not only is this safer, it helps to conserve fuel as well.
- Check tire pressure frequently since improper tire pressure can cause the truck to use more gas.
- Truckers should avoid idling as much as possible since this can cause the vehicle to go through gas in a hurry.
Consider Freight Invoice Factoring to Stay on Top of Expenses
Although fuel is a big expense for trucking companies, it’s far from the only one. Between payroll, training, purchasing fleets, and other common costs, it can be challenging to pay bills on time and still grow the company. Freight invoice factoring, a special service only available to trucking companies, provides quick access to cash by selling accounts receivable invoices. To learn more about this and other financing options for your trucking business, please contact Elevation Financial to request an appointment today. We look forward to helping your trucking company grow.
