Transportation Tuesday Tip #11: Choose the right fuel card to better manage fleet costs

In our Transportation Tuesday series, we’re partnering with industry leaders to share tips on how you can improve your business success and growth. This week’s tip is brought to you by Comdata. 

Fuel has one of the largest impacts on a trucking company’s profitability. Prices fluctuate and affordable gas prices can be few and far between on any lane.

While you may already have — or offer your drivers — fuel cards, card programs aren’t created equal. Many can have hidden costs that eat into already slim margins or offer benefits that don’t apply or are difficult to use.

To help your business better manage costs for sustainable growth, look for these must-haves or perks when choosing your fuel card program.

What to look for in a fleet fuel card

Fuel cards are an easy way for you to manage your fleet’s costs while your trucks are on the road. Like personal credit cards, you need to partner with a fuel card program provider that fits your needs.

Look for a fuel card program that:

  • Has zero (or extremely low) transaction fees. High transaction fees will cut into your operating costs.
  • Has a widely accepted network. Your business takes you everywhere. There’s no point having a card that isn’t accepted at most gas stations.
  • Low monthly fees. Similarly to transaction fees, monthly fees add overhead.
  • Fuel discounts. Cash price plus additional fuel savings at preferred gas stations can help you save even more.

You can further narrow your list of preferred fuel card providers by looking at other card benefits. Some providers also offer:

  • Security tools, including spend monitoring, real-time fraud alerts and controls to prevent misuse
  • Simple fleet management and reporting tools to optimize fuel spend, driver performance, and expense reporting
  • Additional discounts, including lodging, truck maintenance, permitting services, parking, drug prescriptions, load board services, and more

Have a tip to share or want some advice?

If you want to share your own insight and be featured in our next Transportation Tuesday Tip or if you want us to dive deeper into a challenge you’re facing, email us at [email protected].  

About Comdata

Comdata is a leader and innovator in fleet payment solutions that allow owner-operators and smaller fleets to save more and spend less. Comdata is the most widely recognized and accepted fuel card nationwide and offers fuel and other discounts, fleet management reporting tools, and tools to combat fraud.

Learn more about how the Comdata Fleet Card can best serve your fleet.