Businesses across industries today require logistics and transportation services to run their business efficiently. Whether it is a goods-producing company or service provider, they need a fleet of vehicles, large or small, depending on the scale of the business. As a result, logistics and transportation account for almost 40-50% of operating expenses for most companies. Fuel is the most significant logistics and transport operation component, accounting for 30-50% of the cost, depending on the industry. The rising cost of fuel has been hurting businesses for years and has become a significant pain point. Hence, it is the need of the hour for businesses to manage their fuel efficiency to bring down their operational expenses. This can be achieved using efficient fuel management systems and better fleet management.
Glossary > Vehicle Utilization
What is Vehicle Utilization ?