December 12, 2019

The festive season is an excellent time for thrifty business owners to go through their balance sheets with a fine-tooth comb in order to economize for the year ahead.

And every penny counts – whether it’s finally implementing that move to a paperless office or switching your corporate caterer.

But if you and your staff have to travel regularly to meetings or if transportation is the core of your business, finding ways to minimize the associated costs could unlock thousands of dollars in savings.

Whether you’re spending on planes, trains, trucks or automobiles in 2020, here’s how to save a considerable amount of cash.

1. Fuel cards

Gas costs a lot of cash – there’s simply no getting around it. And if you operate a fleet, you’ll know exactly how exorbitant keeping it running can be.

However, registering for a wex fleet card allows you to save up to 15% on fuel management costs at 90% of fuel outlets across the nation, view fuel spending in real time and via monthly summarized reports, pay bills and set purchase controls – what’s not to love?

2. Driver scoring

Monitoring your drivers so that they drive more efficiently keeps them safe, reduces insurance costs and even saves fuel, yet it’s amazing that so many businesses still aren’t switched on to this moneysaving strategy.

The Driver Scoring SDK app from Sygic.com can be easily downloaded on a driver’s smartphone and boasts fantastic features like automatic trip recognition and recording and real-time driver behavior alerts and coaching – worth consideration.

3. Corporate vehicle hire

Costs can still mount if you and your employees regularly have to hire vehicles rather than purchasing them outright – and the best known hire companies are not always the cheapest or most reliable.

However, browsing comparison site Rentalcars.com allows you to find the best deals from over 900 providers in 160 countries, from well-known names like Alamo, Avis, Budget and Dollar to lesser known competitors who punch above their weight in certain towns and cities.

4. Business class flights

Traveling in coach class is perfectly acceptable when you’re skipping from city to city, but if you can afford it, treating yourself or loyal staff to business class tickets for a longer flight is the right thing to do – it means arriving refreshed and ready to meet, mingle, impress and strike superb deals.

Some carriers have business class tickets that are cheaper than others, such as Aer Lingus, Turkish Airlines and Aero Mexico, so shop around online for a bargain.

5. Airport car hire

When employees are traveling to the airport in their own rides or company vehicles to catch a corporate flight, finding parking on the day can be prohibitively expensive.

However, checking Looking4.com allows you to find the best airport parking deals across the US for park and fly and valet services – it’s a stitch in time that’ll save plenty of expenditure.

So ends our list, but please share your own company transport cash-saving tips in the comments section!