Fleet Tracking System

Fedex & Fuel Consumption

Fedex CEO Talks GPS Tracking

GPS Tracking Fedex Trucks

Federal Express (FedEx) has built a reputation as the shipping provider that both large and small businesses call upon as their source for freighting and shipping needs. Establishing a large and loyal customer base that spans across the globe, Fedex is now one of the most recognized companies and brands in the world. Through the continuous creation and development of innovative ideas and strategies designed to offer small businesses practical solutions, Fedex continues to elevate the bar of what is quality customer and delivery service. Even though Fedex is a company that generates over one billion dollars in revenue¬†annually, the shipping specialist still faces a number of difficult business challenges, especially with the increase in fuel costs. In an effort to both reduce fuel consumption and operating costs, Fedex Chief Executive Officer (CEO) Frederick Smith discusses the potential and benefits of introducing light-duty vehicles that operate off electric power, but could GPS tracking systems offer a short-term solution to the shipping carrier’s vehicle and fleet management needs?

During an exclusive interview at the WIRED Business Conference, Smith stated that Fedex could be on track to have 20% of its vehicle fleet utilizing electric power within seven years. Clearly, a company that has tens of thousands of company vehicles in operation all across the world must analyze and evaluate the different ways to reduce the business expenses associated with fuel consumption. Smith explained that they must be alert to the changes in technology to help their business become the most efficient and productive as possible to keep costs for customers low. Although the departure from trucks that use gasoline will likely be the only solution to combat surging gas prices in the future, business GPS tracking systems may help bridge the gap from gas to electric.

Fedex Vehicle Management

Rising fuel costs are impacting everyone from the average person who commutes back and forth to work on a daily basis to the business with mobile assets performing in the field. However, the spike in fuel costs has definitely been a serious concern for companies such as Fedex who depend heavily upon light duty service vehicles that are crucial to the delivery process.

“We speak with numerous companies who contact us looking for a functional way to increase the efficiency of operations while eliminating unnecessary or wasteful fuel consumption”, explained a vehicle tracking expert for Tracking System Direct. “Our vehicle management systems such as the GPS Tracking Key and SilverCloud tracker have been instrumental in helping companies eliminate excessive vehicle idling, unauthorized stops, excessive speeding violations, fuel consumption, and inefficient company drivers.”

Although the application of GPS vehicle management devices can be an effective way of boosting adeptness for almost any company, the most powerful method of reducing business fuel costs is through the process of transitioning from vehicles that operate off petrol to those that operate off alternative fuel sources such as electricity. However, with the cost of electric vehicles being substantially high at this moment in time, among other factors, GPS systems can help businesses such as Fedex with the transitional process while providing a way to manage and oversee company driver activity.