Resources such as delivery routing software will continue to be important tools for fleet owners, even as the U.S. aims to rely less on foreign imports for fuel.
Gasoline and diesel prices in the U.S. have been notoriously volatile, making it hard for commercial carriers and small transportation companies to have full control of their overhead spending. However, in the past decade, domestic manufacturers have started producing a high volume of energy products from natural gas and oil reserves found primarily in North Dakota and Texas. According to The Washington Post, these trends have played a major role in reducing the total number of fuel imports purchased in recent years. Many economic experts anticipate this growth in domestic production to eliminate the nation's long-standing trade deficit, which would kickstart the economy.
Others argue the effects of the U.S. oil and gas boom are only temporary. A recent report from the Council on Foreign Relations said reductions in the trade deficit may eventually be offset by imports of other products. This would ultimately have a minor effect on the domestic economy. As a result, fleet managers may still experience unpredictable overhead costs in the near future.
Using technology to boost fuel efficiency is a simple way for ground transportation businesses to take more control of their operational costs. For example, route optimization software eliminates the need to waste time driving back and forth between shipping destinations and warehouse depots for multiple trips. Instead, fleet owners can have their drivers be more strategic about completing a variety of assignments in one day. This comprehensive planning will make it possible to conserve fuel. Regardless of the impact domestic oil production trends have on the economy, reliable logistics software tools can help businesses experience real savings.