Fuel Costs

Unlocking the Future of Fuel: Changing Variable Costs into Fixed Costs

Risk transfer. When those words are heard it is usually in the form of covering a potential loss utilizing insurance. A business provides funds in the form of a premium in exchange for insurance to cover the potential financial consequences of a hazard risk. However, there are alternative ways to transfer risk. One of those ways is known as hedging.

 

Fuel Cost Control Strategies for Budgeting and Savings

For companies with trucks on the road today, one of the greatest risks is fuel pricing. Fuel costs make up approximately 39% of a motor carrier’s operational costs, making it the single highest cost center...even more costly than driver wages and benefits combined. A budget item of this size has got to be strategically managed.