Every April, drivers experience road conditions related to the cliché weather pattern of, “April showers bring May flowers.” People might not know that April is Distracted Driving Awareness Month and according to the National Safety Council (NSC), the main reason for distracted driving is the use of cell phones while behind the wheel. Nationwide nearly 1.6 million crashes each year can be attributed to cell phone use while driving. In 2017, the NSC reported that for the 2nd consecutive year motor vehicle deaths surpassed 40,000. Although advanced technologies have made cars safer than ever in recent years, unfortunately the number of vehicle crashes and fatalities are still on the rise. Read More
A little over two years ago, the sales and supply team here at Guttman Energy began writing blogs about the energy markets and the fuel industry. Over that time, the blogs have contained a plethora of useful knowledge and industry buzzwords. We are here to help you navigate the world of energy lingo and provide definitions of what we would consider “buzz” words of the industry.
The demands of operating a trucking company can sometimes be overwhelming. Navigating the various laws and compliance rules can be onerous and time consuming, in addition to the fact that many trucking company owners are not well-versed in the tax laws surrounding the transportation industry. In conversations I’ve had with owners of small to medium size fleets, one thing that has stood out as a blind spot to these businesses is their ability to file for a refund on the diesel fuel purchased for use in their refrigerated units. Additionally, any fuel that you purchase for the vehicle that is not used to propel said vehicle is eligible for this tax refund, such as fuel for an off-road vehicle or other auxiliary engine.
In the age of credit cards and pay at the pump technologies, criminals have found ways to take advantage of unsuspecting hard working motorists. Sir Isaac Newton famously said, “For every action, there is an equal and opposite reaction”. We certainly feel the effects of this relationship in our daily lives. Modern day criminals invented rudimentary skimmers, which is a small device installed directly on the credit card machine or pump. The balance.com, a website devoted to the world of banking explains, “When a credit or debit card is swiped through a skimmer, the device captures and stores all the details stored in the card’s magnetic stripe. The stripe contains the credit card number, expiration date and the credit card holder’s full name. Thieves use the stolen data to make fraudulent charges either online or with a counterfeit credit card.”
When selecting a fuel card for your trucking fleet there are many different variables worth considering. The one we hear most often from our prospective new customers is, “How is my price calculated?” To answer that question we have to look at the two industry standards for fleet card pricing, they are “retail minus” and “cost plus” pricing.
Safety is a critical concern when fueling at service stations. The NFPA did a study from 2004- 2008 of incidents that were reported from structure and vehicle fires. There were an estimated 5,000 fires reported per year with majority being vehicle fires. Though fuel pump accidents are rare, it is important to be informed of the inherent dangers of filling your tank.
There are some big risks when it comes to operating tractor trailers in the winter months. On average there were around 6,300 fatalities due to weather related vehicle accidents over the past 10 years. Over 1.3 million vehicle crashes in that same 10 year period were caused by inclement weather, such as rain, snow, sleet, fog and high winds. Here at Guttman Energy, we implement the Smith System® of safe driving. The Smith System® is used by major corporations such as Bell South, Exxon Mobil, General Electric and Johnson & Johnson.
It teaches 5 keys to safe driving:
Technological advancements have forced their way into all facets of our lives. We have smart phones, smart watches, and now smart commercial vehicles. The Electronic Logging Device (ELD) rule has begun to impact many fleets associated with Guttman Energy, specifically its Fleet Card Division. The first question you might ask yourself is, what is the ELD rule? According to the Federal Motor Carrier Safety Administration the ELD rule states the following:
The market has remained relatively flat early this morning, still trying to seek a direction after yesterday’s DOE stats. Yesterday, the market closed up $0.0175 to $1.6588 on front month Heating Oil, down $0.0165 to $1.6448 on front month RBOB, and up $0.43 to $49.59/bbl on WTI Crude.