Fuel Card Discounts
Fuel card programs are a great way to save money and improve your bottom line, and we all know that in trucking every cent counts, that’s why at Little Mountain Logistics we offer a fuel card program for our clients that allows them to benefit from significant discounts within the largest network of cost-plus type discount locations in the US, and on this month’s blog post we’re going to take a closer look at fuel card programs and their benefits.
Fuel cards are designed to help carriers of all sizes obtain significant discounts on diesel, as well as savings on other services. They are essentially a partnership between the fuel card provider and the fuel merchants which are typically truck stops. Certain truck stops will offer a discounted price for the fuel card holders and the fuel card provider will in turn inform its card holders of the discounts to drive more volume to these truck stops, everybody benefits. These discounts are usually different at each fueling location and can change daily.
How are fuel card discounts calculated?
Retail-minus: which basically means that a certain amount of cents per gallon will be discounted from the retail price, so for example lets say you have a $0.14 discount for all truck stops of a certain brand and the retail price (the price you see at the pump) is $2.50 per gallon, then you would effectively pay $2.36 per each gallon.
Cost-plus: this is a little more complicated to explain but it essentially means that the price you’ll pay for fuel is the truck stop’s cost plus some fees. With our fuel card program you’ll be able to see the prices updated in real time on your mobile app so you’ll always know what you’re going to pay and can plan ahead. At some locations you’ll find that the cost-plus type discounts offer significant savings, we’ve seen discounts of over $0.50 at some locations, yikes! Take a peek at some of the today’s discounts in Florida in the table below (The first price is the price at the pump and the second price is the price you would pay with your Little Mountain Logistics Fuel Card, the last column shows the discount in $ per gallon of diesel)
Our fuel card program offers the best of both worlds, you’ll have a network of retail-minus locations, typically the big name truck stops and then you’ll have the largest network in the country of cost-plus locations, and this is where we believe the enterprising trucker will get the greatest advantage, with just a little planning with the help of our mobile app you can save real money on your fuel purchases, boosting the amount of money you ultimately take home.
