Barely a week goes by now without news of yet another transport company being brought to its knees by rising fuel prices. The latest casualty is one of Britain's oldest haulage firms, Joseph Rice & Sons, who have ceased trading after 161 years.
As roadtransport.com reports the Gloucester-based hauliers said the "soaring cost of fuel" was the biggest reason for the collapse of the firm, which employed 33 staff.
The story highlights a couple of things. Firstly, it underlines the need for Government action to protect the transport industry from spiralling prices, which are likely to get even higher because of the political instability in the Middle East.
Last week the FairFuelUK campaign handed in a petition with more than 120,000 signatures to 10 Downing Street.
But the story is also a reminder of the important role telematics can play in helping companies control their fuel costs.
iBox technology's popular eco-mate tracking device is an invaluable asset for fleet managers looking to manage fuel and vehicle efficiency. The device combines a live, web-based Canbus interface with our Trac-mate technology and features an impressive range of functions which allow managers to monitor variables from fuel consumption to driving and braking habits, harsh acceleration and excessive idling.
"With so many companies struggling to cope with rising prices, fleet managers need every bit of help they can get in monitoring how much fuel their drivers are consuming. The eco-mate has been successful in helping some of our customers make significant savings in their fuel bills," said iBox director Steve Green.
"In a world where every penny counts, it can make the difference between survival and becoming yet another name in the list of failed transport companies."