Peregrine Trucking Co Research Paper Example | Topics and Well Written Essays - 1250 words

Peregrine Trucking Co - seek Paper ExampleIn 2008, a total of 758 companies in the trucking business enterprise went out of business because of rising provide prices. This shows how crucial this issue is in any trucking high society. With the uncertainty in the prices, companies retreat a lot of money when there is a spike. This is why it is important to reduce the costs as much as possible. This document tries to evaluate available methods of reducing fuel costs in the company by using equipment that is the most efficient and socially conscious. It also looks at other ways that tinge to rules and softw atomic number 18 which the company can employ. It also considers efficient operating methods that can help achieve this saving. Finally, it looks at the results the company can expect from employing the different methods. Body looking for at Peregrine Trucking Company, the fuel price is one of the highest direct costs it incurs in its operations. This is because it is in the tr ansportation industry. These costs affect the process of the company in terms of profits where an increase in costs leads to a decrease in the profits (Taylor & Weerapana, 2009). This is the reason why it is important to evaluate the potential of reducing fuel cost to advance a competitive advantage. ... Another rule is for employees to ensure that the mile-per-gallon is as high as possible. To ensure that they last out by this rule, the company can motivate employees by providing incentive plans in form of rewards for providing the best records over a period of time. Employees also need proper driving skills through training as near may be forceful when hitting the brakes, while others may tend to drive fast more or less corners, which results to an increase in fuel consumption. Training also helps reduce the period that the trucks idle as employees allow for learn to appreciate the effects of doing this. It is important for drivers to be informed of the importance of turnin g off the locomotive engine when the truck is not moving, in order to avoid burning up fuel unnecessarily (United States, 2008). Drivers are also required to be skilful on avoiding shifting too many gears and try to keep an eye on the vehicles continuously moving instead of stopping and then starting again. They also need to be trained on the importance of avoiding overspeeding and the use of natural speed instead of the accelerator when going up and take hills. All these will help to reduce fuel consumption. Training results in better drivers and efficient working. Looking at the equipment, the company can adapt, first and foremost, the use of speed governor. It may seem as be increasing the expenses of the company however, the long term benefits are visible. Speed governor reduces the maximum speed in trucks, thus preventing drivers from overspeeding. An extra mile or two per hour that can be saved as a result of using the speed governor can save fuel, which, in turn, reduces t he costs incurred by the company. The company can also adapt