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Canada Energy Industry Overview

With the potential impact of the new Alberta Provincial Royalty Review on the horizon, many energy producers and service companies involved in Alberta exploration and production are reviewing 2008 budgets and are planning for further belt tightening. PHH Canada has noticed a recent trend: Supply chain and operations groups are reviewing current contracts and looking for advice and guidance on cost reduction in 2008 and beyond. Overhead costs are now coming under scrutiny, and fleet costs are no exception.

PHH Canada shares industry information with our clients and prospects for planning budgets and optimizing the performance of their fleets. Among companies that are focusing major attention on fleet for the first time due to spiraling fuel costs, we find that, until a full analysis of fleet costs is conducted, the true cost of supporting field and production operations is not really known, but only estimated based on partial fleet cost information.

Opportunities for fleet managers to help their companies be more successful:

• Optimizing fleet resources

  • Enforcing fleet policy compliance

  • Benchmarking similar fleets in your industry

  • Learning more about green initiatives

• Integrating new technology for increased safety and productivity

  • Creating a culture of safety to effectively reduce collision rates

  • Dashboard reports on fleet performance trends and transactions

• Greater focus on "the right tool for the right job"

  • Focus on right-sizing fleet

  • Optimal routing

  • Correct weight for trucks

• Leveraging economies of scale for fleet management

  • Outsourcing more functions

  • Consolidation of supplier relationships

• Utilizing technology for internal communication

  • Greater use of custom reporting and data access for field personnel

• Re-positioning fleet vehicles as retention and recruitment option

  • Providing additional driver-paid options

  • Looking at personal use charge-backs

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