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Auto Fleet - November 2005
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In this Issue
Sky-High Fuel Prices Spike Fleet Operating Costs in 2005
Fuel prices hit a record nationwide average of $2.91 per gallon in October 2005. Fuel costs have increased 43 percent since January. In addition, labor rates and part prices are up. Tire manufacturers also raised rates.
Using Fuel Management Reports to Reduce Cost
More and more, companies are turning to fuel card programs for their fleet fueling needs. The data that such programs produce can be mined, and significant savings can follow, if you know what to look for.
What’s Happening at Today’s Auctions?
Auctions are now big business, run by large companies and grossing more than $82 billion in volume. Buyers and sellers are savvier, and the Internet has brought speed and reach to this remarketing channel.
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