Intangible Costs

Fuel Safety – Keep Your Team and Equipment Safe! This month, don’t lose your head over frightful safety issues that could befall your employees during fuel station trips. When you send your crews to gas stations to fuel up your equipment, a range of things can go wrong safety-wise. First and foremost, the simple act…

Fuel theft, the illegal siphoning of fuel from vehicles or storage tanks, costs businesses over $200 million annually. To prevent this, strategies include using fuel cards, mobile fuel delivery, tracking systems, and regular audits of fuel logs. Monitoring consumption patterns helps detect anomalies, and reporting suspicious activity aids prevention. Fuel Theft: The Bogeyman in the…

Intangible costs are difficult-to-measure, non-physical expenses, such as decreased employee morale, lower productivity, or damage to brand reputation. In fuel management, these costs arise when drivers spend time refueling at stations, reducing active working hours, potentially saving a ten-truck fleet ten delivery hours daily with mobile fueling. In 2024, the fuel tank market reached USD…