One of the most significant responsibilities of fleet operators is budgeting fuel expenses. Since several trucks operate within one fleet, the operators must effectively manage all the fuel purchases from any driver in the fleet to stay on budget. That is where the commercial fueling network fuel card comes into play.
CFN fuel cards let fleet operators manage all fuel expenses and purchasing activities using one card program. Most importantly, joining the CFN fuel card program gives you access to bulk fuel pricing so your fleet can purchase fuel at lower rates than the current retail market price. Your drivers must visit one of over 30 million eligible locations that accept CFN fuel cards and offer discounted bulk fuel pricing.
Here are five reasons why this is a game-changer for fleets.
1) Enjoy Bulk Fuel Prices Across Your Fleet
The CFN program is a global network with numerous locations in the United States and abroad. Your commercial fleet doesn’t need to be in one area because it can enjoy bulk fuel prices wherever your trucks are located. All they need to do is visit one of the eligible fueling locations to receive the bulk fuel discount price.
2) Easily Manage the Bulk Purchases
Fleet operators no longer need to stress themselves out over managing the bulk fuel purchasing for their fleet.
The CFN program significantly reduces the administrative hassle of managing fleet fuel purchases by automatically tracking, invoicing, and reporting on fuel purchases within the fleet. It can even offer financial forecasting so that you can predict how much fuel you will need to purchase for your fleet in the future.
3) Customizable Security Controls
It is not uncommon for fleets to experience fraudulent or unauthorized fuel purchases when there is no tracking or security in place. Fleet operators cannot prevent this unless they have customizable security controls in place, such as the ones offered by the CFN program.
The CFN program lets fleet operators restrict fuel types, set purchase limits, and monitor real-time fuel transactions for each driver. So, there is virtually no chance of unauthorized bulk fuel purchasing from any of your drivers.
4) Good CFN Locations
Your fleet’s drivers won’t have to go out of their way to find CFN locations for bulk fuel price rates. The eligible CFN locations are positioned near major transportation routes, such as highways and other commercial zones where truck drivers usually go. That way, your drivers can make short trips to the fuel stations without consuming too much fuel getting to them.
5) Competitive Advantage
Not all businesses use CFN fuel cards for their fleets. That gives your business a competitive advantage because you can significantly reduce fuel expenses and operational costs to improve profitability. Then, you can reinvest the extra money saved toward enhancing or expanding your business operations.
Learn More
Are you interested in joining the CFN fuel card program and enjoying the cost savings associated with bulk fuel pricing for commercial fleets? Call 1-888-FUELLOC or email info@fuelloc.com for more information today.
