Thursday, July 16, 1998 Bloomfield, CT - July 16, 1998 -- "Fuel optimization programs are excellent tools for reducing fleet operating costs", states Charles Campbell, President of North American Technology in Birmingham, Alabama and a veteran fuel consultant for the transportation industry.
Now for the first time ever, fuel optimization software has been developed that allows even small fleets to cut their fuel costs by 5 to 8 cents per gallon. FuelLogic™ is the latest software product for the trucking industry developed by Prophesy Transportation Software, Inc. Prophesy software is used by over 17,500 trucking and transportation firms.
FuelLogic calculates fuel costs using wholesale and retail price data, downloaded daily from the OPIS (Oil Price Information Service) Internet site. FuelLogic determines the best practical driving route and then calculates the most economical fuel stops along that route. The route and fuel stop information is then given or electronically transmitted to the driver.
Campbell sees a great value in computerized fuel optimization programs for small fleets. He notes, "We have found that the economic benefit measured on a per gallon basis is greater for smaller fleets because they usually don't have the (buying) power to negotiate high volume discounts."
While smaller fleets will greatly benefit from FuelLogic, any size fleet can reap the rewards of a computerized fuel optimization program. Prophesy President and CEO Edward Forman said, "A typical mid-sized trucking company could save $30,000 to $100,000 a year by using FuelLogic. A firm with as few as 15 trucks that purchases 50% of its fuel over the road and has a driver compliance rate of 55% will realize a dramatic savings." Savings are in order for the large trucking company as well. According to Forman, for a fleet with 100 over-the-road vehicles, a conservative estimate of savings would be $200,000 per year.
"The savings from reducing out-of-route miles can be as great or even greater than the savings from the reduction in lower fuel costs. By tying fuel purchasing to routing, FuelLogic can greatly improve routing compliance," Campbell stated. "It's impossible to achieve the lowest average fuel purchase costs possible by either guessing or filling up at truck-stops out of habit." Campbell also said, "Given the large number of factors involved in routing and fuel purchase decision making, computerized fuel optimization programs are excellent tools for controlling operating costs."
Starting as low as $3,000, FuelLogic has broken the price barrier for top quality computerized fuel optimization systems. Forman estimates that "FuelLogic will pay for itself in as little as four months." Unlike previous software designed for large trucking companies, FuelLogic was developed as a tool that is affordable to the entire industry.
Founded in 1984, Prophesy Transportation Software, Inc. (formerly known as Information Software, Inc.) is a leading publisher and provider of Windows-based solutions for the transportation and distribution industries. Thousands of carriers, shippers, brokers and third party logistics firms use its mileage, routing and logistics systems.
For more information on FuelLogic, call Prophesy toll free at 1-800-776-6706. You can also visit the Prophesy web site at www.mile.com.
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