Why Business Vehicles Can Be Such A Hazard To Profits (And What To Do About It)

beggers March 13, 2019 0
Why Business Vehicles Can Be Such A Hazard To Profits (And What To Do About It)

It will come as no surprise to businesses who operate large fleets of vehicles that they represent a severe risk to profits. When things go wrong with the fleet, it can be costly and lead to repercussions that rumble on for years. It’s a necessary cost of doing business a lot of the time, but it sure would be nice to find ways to reduce the risks, wouldn’t it?

The good news is that there are many things that businesses can do to reduce the costs associated with running a fleet of vans or lorries. Check out these ideas.

Fit Driver Tracking

Driver tracking technologies allow you to monitor drivers remotely, wherever they happen to be. For instance, you can keep track of the location of all your drivers from your computer screen, without having to ring them up or trust them to tell you where they are.

Not only can driver tracking help to improve the efficiency of your business by discouraging workers in the field from taking unnecessary detours, but it can reduce the chances of an accident too. With driver tracking, you can make sure that they are obeying speed limits and obeying rules of the highway code.

Fit A Wheel Nut Indicator

A wheel nut indicator is a unique device that you can use to make sure that wheel nuts on your vehicle do no pose a hazard to your drivers or other road users. In the operation of any vehicle, there is a chance that wheel nuts will, at some point, come loose. When they do, they can fly off into the road, causing the wheel to detach from the vehicle. A wheel nut indicator is an inexpensive device which stops this from happening and can warn you if a nut is coming loose, providing you plenty of time to tighten it up again.

Insure Vehicles Under A Single Policy

Insurance companies often want as much business as possible. To get it, they will offer discounts on multiple business vehicles, even if they are of a different type. Check with your insurer to make sure that you are taking full advantage of group vehicle discounts.

Use High MPG Vehicles

The number of miles per gallon that a vehicle can achieve is important for all road users, but especially people in business who can do tens of thousands of miles each year. The more efficiently a vehicle can turn chemical energy in the tank into kinetic energy, the better.

Regular diesel vehicles used to be the gold standard in terms of range. However, there are now many hybrid options that could potentially bring your costs down a lot more if you do a lot of city driving.

Train Staff To Drive Fuel-Efficiently

Although arranging a training day might cost you a bit of money in the short term, doing so will pay off over a longer period of time as driver save money on fuel costs. Teach them about the importance of accelerating slowly and not taking corners too fast.


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