Closer to home, the effect of higher fuel prices caused an increase in operational costs in the transport sector. Due to competitive market conditions in the transport sectors, transporters could not increase their transport rates, which aggravated the impact on operational costs and ultimately cash flow.

Transporters had to absorb the continual increase in operating costs and the recent diesel price increases have become the final “nail in the coffin” for many operators, even well-established transporters had to bow the knee to these macroeconomic conditions. At this rate, uncontrolled fuel increases could be the catalyst to cause a collapse in the road freight sector.

This begs the question, how does the transport sector deal with or even overcome these challenges?

Enter the modern transporter, this individual explores innovative ways to manage their businesses. To adapt to the changing climate in the fuel industry we believe to work smarter while working hard. In supporting the modern transporter, TFN is driving towards excellence and committed to delivering innovative (smart) solutions to the transport and petroleum industry. One of those costsaving solutions is our industry-leading transaction protocol. Our customers explore the route planner to ensure they optimise their travelling time and take advantage of their best on-road fuel pricing. To ensure drivers refuel at the best-priced service point, the TFN ordering system will give the transport operator all the tools needed to capture the information needed to enforce the refuelling takes place at the right service point to the specified volume. This all gets managed by the trusted TFN-owned Point of Sale (POS).