Intangible Costs
From the Blog
Fuel Safety Tips – Keep Your Team and Equipment Safe!
What Is Fuel Safety? Fuel safety refers to the proper handling, storage, and transportation of flammable fuels such as gasoline and diesel. It focuses on preventing fires, explosions, and chemical exposure by using approved containers, eliminating ignition sources, refueling safely, and ensuring fuel is stored in cool, ventilated areas away from people and equipment. Fuel…
Fuel Theft: The Bogeyman in Fuel Management
Fuel theft is the illegal extraction or diversion of gasoline, diesel, or other fuels from vehicles, storage tanks, or distribution systems. It can occur through siphoning, card fraud, or organized crime networks, causing major financial losses and safety risks for transportation, construction, and logistics industries. Fuel Theft: The Bogeyman in the Fuel Management Industry No-one…
Intangible Costs: What Are Those Missing Hours REALLY Costing?
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…