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Impact of vehicle telematics on company-wide fuel expenditure
Cybit, one of the UK's leading Telematics Service Provider, has launched a new White Paper, which demonstrates, from a customer's perspective, the impact vehicle telematics can have in reducing total fuel expenditure and mitigating these increases.
The price of fuel is continuing its long-term increase, caused by April's re-introduction of the fuel escalator tax, the Chancellor's increase in fuel duty by 2p per litre (Budget 2009) a forecasted 2 percent rise in oil prices this year; and a further 1p per litre annual levy. Businesses can turn to fleet telematics to mitigate these cost increases.
The white paper is available from Cybit's website and details how fuel costs can be reduced by utilising vehicle telematics to manage routing and scheduling; operational control; speed management; driver behaviour and vehicle performance. Real-life practical examples of how telematics is used to reduce cost are provided throughout.
John Wisdom, Cybit's Sales and Marketing Director, says that the impact of long-term fuel cost increases and short-term price fluctuations can be mitigated through Fleet telematics: "An extra 24-miles a week in a 40 tonne GWV will cost a business £42 in fuel, running costs, labour and other fixed costs. When these costs are extrapolated over a fleet of 50 or 100 vehicles working 48 weeks a year, the case for deploying telematics to assist pull-back mileage becomes compelling.
"Companies that have recently benefited from the strategic analysis of fleet fuel costs include distribution companies RCS Logistics, Abel & Cole and infrastructure and facilities management companies May Gurney, Axis and Enterprise PLC.
"With the availability of Cybit's published White Papers, we wish to move the tracking debate forward. The benefits of telematics are now much broader than stand-alone vehicle tracking. Increasingly, telematics is touching all areas of a business.
"Despite short-term falls in bulk prices, the re-introduction of the fuel escalator is in line with the government's long-term policy of reducing vehicle emissions by increasing cost of vehicle operation. The technology we provide enables cost savings, and also has the capability of monitoring the emissions that a vehicle produces, which was a key feature in the Chancellor's Budget."
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