Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. Arriving at work, Fran Fleetkeeper scans a large board with dots on a map. Some of the dots are green. Some are red. Some are blinking. These are her company’s vehicles, and she notices some are missing while others are clustered too close for optimal efficiency. But Fran won’t be pinging her drivers. Instead, she taps her phone to implement “Driver Area Eight,” a navigation overlay that directs vehicles in that area to destinations that better serve her operation. On the right of that board might be a fuel fever chart, indicating the total fuel that will be consumed that day, based on the day’s routes and the navigational instructions Fran set to reach them. Maybe the fuel spend has a corresponding line chart that compares to the same day last year or last week, or against industry benchmarks for that vehicle, or against expense goals. When these charts hit red, reports are triggered pointing out to Fran the variables that could save fuel costs. Her phone buzzes. It’s an alert telling her Steve the driver is moving at 60 in a 45-mph zone. She texts him a pre-written alert to slow down. When his seat belt light pings her, it is his second violation in a day, which generates an email to HR for counseling. Meanwhile, the vehicles – some of them driverless -- navigate streets and soon automatically pull in for fuel – or an electric charge – at stations listed as the most price competitive based on real-time data, not published surveys. They drive away and head down the interstate, paying tolls and logging hours of service seamlessly, wirelessly, electronically. Then Fran notices new orders have come in. She panics. Can her own fleet deliver? She checks a ride-sharing service to see about subcontracting the work. She taps a button on her phone and commissions an instant delivery. Then a truck pulls up outside her door with an emergency fuel delivery for their bulk tanks, triggered automatically by a hurricane warning with the potential to shut down her company for weeks. Fran is living in a world run by data, but Fran is more important to the fleet than ever.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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