The Owner Operators’ Guide to Managing Fuel Costs: Part 1

Part 1 of our expert guide on managing troublesome fuel costs as an owner operator.

ID: 1535587
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(businesspress24) - As all owner operators will know, fuel costs are a constant concern als and offers. Today, I am going to give some advice on the different methods of buying diesel that are available to the smaller operators and explain the pros and cons of using these methods to get your vehicles out on the roads on haulage jobs.

To Bulk Buy or Not to Bulk Buy

Most big businesses bulk buy. This is the cheapest way of getting a product, as the more you purchase, the less it costs. Therefore, it can be tempting to install a bulk fuel tank in your operating centre to provide cheaper diesel for your trucks. However, for an owner operator, tying your money up in a tank could be a risky move for many reasons.

t not be worth it.


Other Options: Fuel Cards and Retail Fuel Cards

The alternative to a tank is that you top up your vehicles when they are out on haulage jobs. Itn.

Alternatively, use a fuel card. These cards can only purchase diesel or petrol (you can specify this yourself), and are consequently much safer than a credit card. They also help with administration, as you receive just one invoice per week with all your spending collated. This saves a lot of time and energy that

Still concerned about purchasing methods? In my next article, I will offer even more suggestions, helping you choose the option that is best for your business.



More information:
http://https://www.realwire.com/releases/DSA-Global-Summit-2018-how-to-realise-shared-spectrum-access https://www.haulageexchange.co.uk/haulage-work-and-haulage-jobs



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Norman Dulwich is a Correspondent for Haulage Exchange, the leading online trade network for the road transport industry. Connecting logistics professionals across the UK and Europe through their website, Haulage Exchange provides services for matching haulage jobs with available drivers. Over 5,000 member companies are networked together through the Exchange to fill empty capacity, get new clients and form long-lasting business relationships.

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Date: 05/03/2018 - 11:16
Language: English
News-ID 1535587
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