As the owner of an SME using a fleet, a fleet manager, or a position where you manage a fleet and their expenses, you know that this means of transporting goods is far from a small, easy to manage system. Even though you may feel as though you’ve got a grip on the industry and what your fleet is spending on a regular basis, the industry is likely much larger than you ever imagined. Dive into today’s blog for a few of the amazing numbers associated with trucking fuel.
Gas prices fluctuate, and even when you’re filling up your vehicle, it hurts to see those prices rise. However, when you’re filling up a semi, you are spending hundreds of dollars each time they stop. In 2016, a little over $154 billion worth of fuel was tracked by trucks in the USA.
Now, that number is high, but it only accounts for money spent on gas. When it comes to diesel, a little over $122 billion worth of fuel was spent in the year. That totals to roughly $276 billion of fuel in one year — that’s no small number.
Fuel Up Stops
In order for your trucks to make it to their final destination, there’s no doubt that they’ll be making a few stops along the way. Over the years, more and more truck stops have popped up, providing drivers with a place to not only fuel up but grab a bite to eat and take a quick shower. At this point, over 9,500 truck stops exist within the US. The average time spent filling up a class 8 truck is 12 minutes, though of course, this varies on the overall size of the fuel tank.
The average size fuel tank on a class 8 truck is 150 gallons, while the largest tank is twice that and can hold up to 300 gallons of fuel. Even so, these trucks will usually need to make stops before they can deliver their cargo to its final destination. On a monthly basis of driving in a fleet, a truck driver will spend roughly $8,200 filling up their truck. Which is exactly why fuel cards are the most common way of tracking fuel-ups.
These cards make it easy for fleet managers to ensure that the trucks are being filled with the right type of fuel, get an idea of where the fleet is stopping and if they’re on schedule. Believe it or not, but 35 percent of what a fleet company makes goes right back towards the gas that the trucks use. Aside from that, these fuel cards make it so that the drivers don’t have to worry about any expenses that come up along the way.
Reeder Distributors Inc. can Help
Reeder Distributors Inc. knows that the trucking industry is bigger than we realize and that as a fleet manager you need all of the tools available to ensure that you’re organized and on top of your fleet. Our fleet readers make it easy to ensure that your fleet is taken care of and that all of your finances are in line.
For questions or inquiries regarding our fleet readers, contact our team, and we would be happy to help.