Bay & Bay
By implementing an automated fuel optimization solution for TL carriers, the company recognized $70,000 in savings in one quarter and 100% compliance with fueling in the yard.
Part of the Bay & Bay Transportation mission is to attract and retain customers by providing safe, consistent and quality transportation solutions. But when diesel fuel prices soared to $4 per gallon for the first time ever, how those costs were derailing the mission and hurting the bottom line was not lost on company leadership. Even with fuel discounts in place the daily, weekly and monthly fuel bills increased exponentially. To keep 450 power units and 150 reefers operating profitably, containing fuel costs emerged as the Number 1 issue facing the dry van, refrigerated & bulk tank carrier.
Bay & Bay Transportation needed automation to devise the best routes and buying options. Enter TMW's industry-leading fuel purchase optimization system for TL carriers. It integrates with existing dispatch and mobile communications systems to reduce fuel expenses by using access to data feeds to generate fuel purchase and route plans at time of dispatch. Following implementation, Bay & Bay documents a $70,000 savings in one quarter alone.
The company indicates 100% compliance with fueling in the yard. Bay & Bay takes advantage of its software to automatically generate fuel purchase and route plans at the time of each dispatch and transmits them to drivers through mobile communications systems without staff intervention.
Fueling plans calculate all essential factors in real-time, in a matter of seconds. The best route and buying options are dynamically evaluated taking into account 10 variables:
- Current fuel prices
- Fuel level
- Vehicle fuel consumption
- State tax implications
- Fuel network implications
- Out-of-route miles
- Route policies
- Terminal Fueling policies
- Tank fill policies
- Driver amenities
With TMW, the company has a firm handle on controlling fuel expenses today and is always prepared for more fuel pricing volatility.