FTA offer members fuel discount card
FTA members will be eligible for discounts of up to 10p per litre on fuel from March 1st, through an exclusive new joint fuel card from The Fuelcard Company.
Operating on the Keyfuels network which covers one in five of all UK fuel stations, the new RHA FTA fuel card can be used at over 1,600 sites nationwide. Many of these sites offer dedicated HGV fast flow pumps and a third have capacity for HGVs up to 44 tonnes. Members will receive a weekly fixed price based on the bulk fuel market, which could mean savings of over £50,000 per year on the national pump price.¹
Users will have access to The Fuelcard Company's online fuel management systems, allowing them to keep a careful eye on every penny of fuel spend. Administration is also significantly reduced, with all transactions listed on a single, VAT approved EU 6th Directive compliant e-invoice, meaning no more need for piles of receipts and cash claims.
To ensure that drivers can always find a participating station, the Fuelcard Company has released a smartphone app, in addition to an online site locator which gives the option to download fuel site info straight to your sat nav.
The RHA FTA fuel card means drivers don't need to carry cash - all cards are linked specifically to the company, driver or vehicle and zero liability protection is available as an optional extra, so there are none of the hidden costs usually associated with lost or stolen fuel cards.
Whilst the card is free for the first year, membership is £6 from next year onward.
FTA Chief Executive, Theo de Pencier said of the launch: "FTA realises how important it is to its members to reduce their fuel costs, and is delighted to be able to bring them the opportunity to do so with the help of the RHA FTA fuel card. Joining forces with RHA means that we can pool our resources and offer members excellent discounts and price reductions. Having worked together with FairFuelUK in a successful campaign to stop fuel duty hikes, we have gone one step further towards the solution to getting fixed weekly fuel prices for our members."
Lee Atkinson, The Fuelcard Company's Partnership Manager said: "The Fuelcard Company is committed to supporting the needs of the transport sector and through our partnership with the RHA and FTA, we are able to extend the benefits of a fuel card to their extensive member networks. A fuel card offers the tools to monitor fuel expenditure and usage; an indispensable resource in keeping track of every drop used."
1 Based against national average pump prices Jan–Dec 2012, with an average weekly volume of 30,000 litres.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany