Are you having trouble managing your trucking company?
Worry not! Select the best softwares and tools and manage your business efficiently! Know about the experiences of people and then find the one you want to buy.
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Let us understand why a transportation company needs software.
A transportation management system contains many tools and softwares that help people keep records like delivery details, loading time, number of shipments, and work done by an employee. This maintains clarity in business and allows you to maintain clear records. Keeping records is the first part of doing business. Records help owners to make essential business decisions and understand the need of the market.
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Read all about the software you want to buy. Know all its pros and cons and see if it fits in your budget or not? See the past experiences of people using it and find if it will provide your total value for your money.
Our website selects the best reviews and helps you know about people’s real-life experiences using these softwares. You will find all information about the software you want to buy. Know which software or tool has the happiest customers and which one has the most unsatisfied ones.
Know
about customer experiences
knowing about the customer experience of these softwares and tools allows you to decide if you want to opt for software or not. It will help you understand the needs of the market and if buying these softwares will help you in your business.
Educate
yourself on working on software
before opting for a system, you know about its working. Know if the software allows multiple people to work in it ance and if it is user-friendly or not. Must trucking companies buy complicated softwares which is complex to understand? This leads to wastage of money and does not fulfill the purpose of purchasing that software.
New software reviews
Read the latest customer varies and social media postings. Know if the software you want to buy will fulfill all your work needs.
How having a vehicle management tool or software helps your business?
Transportation companies need to keep records and have all information at their fingertips. Using technology in the freight business helps you to deliver goods on time and create a supply chain for the economy. Having software comes in handy when
You need to add speed to your process: Technology helps companies deliver their shipments on time by providing details of dispatch and delivery to the customers and owners
Keeping employee records and knowing driver schedules: A transportation company needs to maintain all its workers’ documents and know its drivers' work schedules in advance to make successful business strategies
Know your drivers’ and company vehicles’ location: Knowing the vehicles’ and drivers’ location ensures their safety and saves them from thefts. It also lets you know if your employees are doing their work or sitting
Softwares help companies manage their work and keep records of deliveries, payments, business transactions, and delivery trips.
*Read the latest software review and know which software is right for your business. Do not lose time; register yourself now!
The International Fuel Tax Agreement is a mutual agreement between the 48 lower states of the United States of America and the 10 Canadian provinces. The agreement is related to fuel consumption and tax payments for commercial vehicles. Without the IFTA regulations, the truck drivers need to pay the fuel taxes for each state separately.
Step by step guide on the traditional method of calculating your IFTA tax
Drivers needed to go to the centers for fuel tax permits and get the fuel tax permit each time they enter a new state. This whole process was very time consuming and wasted too much time. But IFTA regulation has changed everything and has streamlined the whole fuel tax procedure. Now, the vehicle with IFTA credentials can pass through any IFTA regulated state without having to purchase the fuel tax permit.
Taxation is the price which civilized communities pay for the opportunity of remaining civilized. – Albert Bushnell Hart
Calculating the fuel tax for interstate travel appears to be a very difficult task but with the help of electronic logging devices and fleet management softwares, this calculation becomes an easy affair.
Calculation of IFTA taxes
Before going for the calculation of IFTA taxes, first you need to understand who needs to get the IFTA license. Any commercial vehicle that travels through multiple jurisdictions and has two or more axles and registered weight of 26000 pounds or more falls under the IFTA regulations. These types of vehicle owners have to get their vehicle registered under IFTA regulations and receive their IFTA credentials or permit.
Now to calculate your IFTA tax for each and every state, you have to follow a few simple steps.
Track the number of miles travelled in each state
The most important thing in the calculations of fuel tax calculator is the number of miles travelled in each state for the quarter. Drivers used to keep a record of miles travelled in every state by manually noting down the odometer readings at the entry of each state and the exit point. It was a very tedious task and there was a huge chance of human error involved in it.
But with the help of electronic logging devices and the fleet management, drivers don’t need to pay attention to the entry or exit point of the states. All the required readings are done by the ELD and fleet management which are saved digitally. ELD and fleet management softwares create an easy to read report for the truck operators. At the end of the quarter, you can get a comprehensive report about the number of miles driven in each state during that period of time.
Save all the fuel receipts
Commercial vehicle drivers need to save all the fuel purchase receipts and keep a safe record of them. This will help him find out the fuel consumption state wise.
ELD and fleet management makes it simple for the driver to record his fuel receipts. He can scan or manually enter the fuel purchase receipts in the electronic logging device or fleet management system.
Calculations of fuel consumption state wise
To calculate the fuel consumption per state, you need to have the fuel mileage of the vehicle first. To get the fuel mileage you can use the following formula.
Fuel mileage = total miles driven in a quarter/ total gallons of fuel consumed
Now you can easily obtain the fuel purchases in each state by using the following formula.
Fuel consumed in a particular state = total miles driven in that state / fuel mileage
There are so many fleet management softwares in the market that very efficiently keep a record of fuel consumption. There are some electronic logging devices that come with multiple features that makes calculating fuel consumption easier.
Tax owed to each state or province
Fuel tax rates are different for each state and province, therefore you have to calculate the tax amount individually for each state and province.
IFTA tax for particular state = tax rate of the state multiply the fuel consumed in the particular state for a quarter
With IFTA mileage tracker way you can find the amount of tax you have to pay to a state. But, you might have already paid some taxes while purchasing the fuel therefore to find the exact amount of tax you owed to a state, you have to subtract the fuel tax paid from the amount of tax you have to pay to a state.
Fuel tax owed = fuel tax required to be paid – fuel tax paid already
All these calculations are made easier with the help of the latest electronic logging devices and the fleet management softwares. ELD and fleet management softwares use GPS to track the miles driven in each state and keep the record digitally available for the fleet managers. By entering the fuel purchased receipts in the fleet management software, you are able to do the calculations digitally. These softwares provide you the exact amount of tax needed to be paid to each and every state.
The oil and gas industry is facing a lot of challenges these days. These challenges range from unconnected business environments to instant maintenance issues in the operational processes. As compared to various other industries, the oil and gas industry has made a very few investments in artificial intelligence and other machine-abled technologies in the process. But, from the time the O&G sector has observed how AI technology has assisted it to cut the operating costs and has enhanced the efficiency, the O&G companies have too started their path to exhibit artificial intelligence. Read More
AI is a diversified field. In the O&G sector, there exists two fundamental in-built applications, one is machine based learning and the other one is data mining. Machine based learning is changing the manner in which the O&G industry is designed and developed, which allows the companies to accumulate large volumes of data instantly and transform it into useful business insights. The AI used in axon oil program has made it possible to help make the complicated data used in the process of oil exploration more simpler which helps the companies to make the best use of the current infrastructural facilities. The Current Scenario:
O&G businesses have integrated AI into their current digital technologies to enhance the profitability and proficiency of O&G exploration activities. Using AI has helped the companies to improve their operations as it has helped to cut down the operational costs upto $55 billion in the oil & gas operations. Recently, AI technology has taken over the energy sector as well. It has helped a lot to solve a lot of problems such as inventory, fuel management, energy utilization and predictive maintenance. The technology helps to save the data related to geology, reservoir and project details to identify efficient workflows. Oil and gas software AI robots in ocean exploration aim to provide the capabilities to detect the natural oil. Artificial intelligence can also be used to screen the geological data so as to identify the newer prospects for oil exploration and lessen the time period to acquire O&G licenses required in the field of O&G exploration and production.
The Future:
Artificial Intelligence systems can systemize and automate the various stages involved in the O&G exploration and production cycle. The stages of such a life cycle includes drilling, reservoir and oil production. AI possesses tremendous potential to minimise risks, enhance profitability and reduce the operational costs. Accurate targeting of software logistics and the efficiency to identify the correct drilling locations will help you to maximise your rate of investment on any kind of drilling operation. The need for artificial intelligence within the O&G industry will continue to increase in the future years as well. Artificial Intelligence possesses multiple web-based applications for streamlining the O&G industry. It includes product optimization to examine and evaluate seismic and surface data faster. It helps in reducing the potential of oil corrosion risks which further reduce the maintenance costs. AI can also be used to determine the type of rock formation and geological attributes present beneath the surface which can help in the exploration of hydrocarbons such as oil and natural gas in lesser time and with much more efficiency. O&G companies can surely gain future insights to improve their business outcomes with the installation of an AI software. This process involves transferring the important data into the software to create structured documents and files which can be saved digitally for future retrieval. As the AI technology in the coming years will become a necessity for the oil and gas sector, it’s impact has recently been identified by the oil and gas business managers. However, the early adopters of this technology will have a competitive edge over the others. The investors also like to put their money into a business which is more inclined towards adopting technologies. There are various other tools which have already revolutionised the oil and gas market.
One of them is sensor oil fields. They have proven their worth in the oil and gas industry by their ability to provide the data engines for the managers to analyze. The oilfield workers are becoming more and more technological-friendly as they no longer resist to adopt newer ways of doing things. They have acknowledged the fact that if they do not adapt to the newer means like transportation management software then they will surely be out of race, sooner or later.
Moreover, adopting new technologies only going to benefit them in the longer run. Hence, integrating technologies to the existing business operations will prove a big win for any oil and gas company which is looking for the way to move forward. The kind of revolution that AI has brought to the oil and gas industry only proves that its importance can not be ignored. The sooner you accept it, the more are your chances to stay in the business.
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