How many trucks do you run?
Fuel prices soar leaving hauliers fearful for 2011
With VAT rising from 17.5% to 20% as of the 4th January 2011, fuel prices have once again rocketed in the UK. Add to that the government fuel duty of another 0.76p on both petrol and diesel, and around an extra 4p has been added onto petrol and diesel prices.
The average price of unleaded currently stands at £1.24 per litre, and diesel at £1.28 per litre. In some areas of rural Scotland, fuel prices areas high as £1.45 or more!
The increased prices are felt by motorists nationwide, but the implications for haulage companies are particularly worrying. The price rises are expected to add £3,800 to run just one articulated truck, costing the industry as a whole a further estimated £95 million. There is no doubt that the latest fuel prices are a significant threat to many haulage businesses and 2011 could be nervous times for the industry.
Never before has it been so important for hauliers to reduce costs wherever possible in order to survive in the current economic climate. Telford based haulage insurance broker Truckquote are doing all they can to help hauliers through the current climate, constantly trying to reduce their clients costs, with a strong emphasis on reducing accident rates through various risk management techniques.
The use of forward facing cameras are helping fight against a rising number of fraudulent claims, helping improve claims experience and lower premiums. Driver training is also having an impact, whilst bringing the added benefits of lowering fuel consumption and minimising vehicle wear. Combine this with regular claims review meetings, and TruckQuote have seen accident rates fall significantly amongst their clients.
TruckQuote have also launched their revolutionary pay-as-you-drive product Azudrive, which could not have come at a better time. It may prove to be a saving grace for many hauliers, potentially reducing insurance premiums by anything up to 50% for operators doing less than the average mileage (below around 70,000km).