For most of us, the price of gas only impacts us when we’re actually at the pump, and we complain, and try to cut down, but we have to commute. For commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
Progressive auto insurance company conducted a survey recently, and discovered that 69% of commercial truck drivers said that the cost of fuel is their most significant business expense. The survey also cited several things truckers have done, in attempts to offset their rising fuel costs. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
16% of the respondents to the survey said they’d downsized their staff, 12% are working longer hours, and 8% are using less vacation time, but an astounding 41% of the truck drivers surveyed said they were doing nothing, just dealing with the cost. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
While truckers are far more limited than the average driver when it comes to changing their driving habits, there are two things they can do to help reduce costs in other areas, since they have no choice about the fuel they must purchase. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
One is to be extremely scrupulous about maintenance on their vehicles. Tires are especially important when it comes to reducing fuel use on trucks, just as they are one of the most significant factors on regular cars. Keeping tire pressure correct, and making sure all tires are in good condition can help save a lot of money. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
Another thing commercial drivers need to do is update their insurance annually. As the industry evolves, there may be new discounts, credit for staying with the same company, or special small business deals that can help reduce that expense, and offset the price of gas. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.
Policies that should be reviewed are their actual vehicle insurance, as well as any liability insurance, and business insurance they carry. commercial truckers, a five-cent-per-gallon increase in gas prices can mean their bottom line, however.