How Fuel Analytics Can Save Your Fleet Thousand$ Annually

Novil Fuelwatch Dashboard

In the trucking industry, fuel is the largest operating expense, often accounting for up to 30% of a fleet's total costs. With rising fuel prices and increasing concerns over fuel theft, managing your fuel spend effectively is more critical than ever. That's where innovative fuel analytics solutions like Novil Fuelwatch come into play.

What is Novil Fuelwatch?

Novil Fuelwatch is an advanced fuel data analytics software designed to help fleet managers control and reduce fuel expenses. By integrating with all major fuel cards and telematics platforms, Fuelwatch provides dynamic dashboards that reveal fuel-saving opportunities in three key areas:

1. Monitoring Fuel Usage to Prevent Fraud and Theft

- Fuelwatch acts as a "security camera" for your fuel spend. It monitors the amount of fuel purchased versus consumed by each vehicle in your fleet. This helps you identify and eliminate fraudulent activities, ensuring that every drop of fuel purchased is indeed used.

2. Improving Driver Efficiency

- The software provides fleet managers and drivers with critical insights into fuel efficiency. By understanding leading indicators, drivers can be held accountable and coached to improve their fuel consumption, ultimately reducing costs.

3. Finding the Lowest Fuel Prices Along Your Routes

- Fuelwatch identifies the optimal fueling locations along your routes, taking into account the International Fuel Tax Agreement (IFTA). This feature helps you secure the lowest net fuel prices, contributing to significant savings.

Real-World Results

Novil Fuelwatch has already made a substantial impact on fleets across the country. For example, a 68-truck fleet in Hidalgo, TX, achieved the following results within just three months:

- Fuel Theft Control: Identified and mitigated fuel theft activities.

- Reduced Net PPG: Lowered net price per gallon (PPG) by 11 cents by avoiding expensive fuel stops.

- Improved Fuel Efficiency: Enhanced fleet efficiency from 6.72 to 6.90 miles per gallon (mpg) by working with drivers on key performance indicators.

These changes resulted in fuel savings of $56,533 in the first three months alone.

The Potential Savings for Your Fleet

Let's crunch some numbers for an 80-truck fleet:

- Fuel Theft and Fraud: Even a 1% reduction in fuel theft could save you $47,520 annually.

- Driver Efficiency: Improving efficiency by just 0.25 mpg could save $163,574 per year.

- Fuel Price Optimization: A $0.10 improvement in net fuel prices could save $144,000 annually.

In total, these strategies could lead to $355,094 in annual savings for an 80-truck fleet.

Take Action: Optimize Your Fuel Spend Today

Reducing your fleet’s fuel expenses isn't just about cutting costs—it's about maximizing profitability. With Novil Fuelwatch, you can ensure that every dollar spent on fuel contributes to your bottom line.

Book a Demo today to see how Novil Fuelwatch can transform your fleet's fuel management and start saving your business thousands of dollars each month.