Seven readily available yet underutilized technologies could help fleet owner-operators worldwide save tens of thousands of dollars on fuel costs annually according to a report published by Carbon War Room and Trimble.
The report, “Road Transport: Unlocking Fuel-Savings Technologies in Trucking and Fleets” uncovered substantial monetary savings and savings in greenhouse gas emissions through the implementation of these technologies.
The study further suggests that the trucking industry could save nearly 624 million metric tons of CO2e by 2022 with successful implementation.
The seven areas identified were improvements in aerodynamics, anti-idle devices, tires and rolling resistance, advanced cruise control, GPS assisted routing and deadhaul logistics management.
The report concluded that fully investing in and implementing all the suggested upgrades would cost approximately $30,000 per truck. However, fuel cost savings were estimated to be $26,400 annually per truck.
“For a truck adopting all five of the physical retrofit technologies alone, the present value of the savings could be up to $167,000 for a tractor-trailer over a ten-year period, assuming fuel prices rise about 4% each year,” the report’s author stated. “And although there may be a large upfront cost, the payback period of these technologies is 12-24 months for a heavy-duty truck owner, which is considerably less than the 19-year average lifetime of a Class 8 truck.”
The full 28 page report can be found here.