Fuel-Efficiency Program Helps Fleets Save Big
Cost cutting is an important task in any line of work. Managing expenses is a bit more difficult for trucking than it is for other industries, primarily due to the constant and unavoidable cost of fuel.
Initiatives have been launched for this cause for years in the freight industry, with one program for Class 8 trucks providing savings year-over-year for nearly a decade. In the ninth year of the Trucking Efficiency initiative, participating fleets saved almost half-a-billion.
While the numbers seem to show a minimal improvement in fuel economy with only a one percent change, one must consider that participating fleets have over 300,000 vehicles.
The North American Council for Freight Efficiency (NACFE) released the Trucking Efficiency Annual Fuel Study, detailing the collaborative initiative between the group and The Carbon War Room – an organization that aim to promote business solutions that advance a greener economy.
The Carbon War Room was founded by Richard Branson and a group of entrepreneurs who see the value in low-carbon technology. The global non-profit firm works with programs like Trucking Efficiency to break down barriers to entry and make it easier to implement environmentally friendly policies.
The study tracks not only the purchase made by trucking companies pursuing increased fuel efficiency, but also the practices which help promote these causes. Major fleets like Bison Transport, Challenge Motor Freight, Frito-Lay, US Xpress, and many others provided data for this year’s study.
The data reveals companies continue to pursue more fuel-efficient technology as they see their previous decisions paying off. These technologies include automated transmissions, predictive cruise control, and even tire-pressure systems. The combined benefits of multiple small changes has provided plenty of ROI for participating carriers, with an estimated $7,000 being saved per truck.
Though fuel economy did improve from 2015 to 2016, the change from the previous year was even more substantial. Participating carriers throughout 2014 saw a three percent increase in fuel efficiency.
The type of savings provided by this program are the kind carriers look for. They’re sustainable, economical, and beneficial to the business as a whole. With results like this, it is likely that more fleets will join up with the program in the future to reap similar rewards.