A new research report published by Carbon War Room and Trimble, “Road Transport: Unlocking Fuel-Saving Technologies in Trucking and Fleets” released today (November 27 2012) finds that significant savings, both in fuel costs and greenhouse gas emissions (GHGs), are possible today with existing technologies.
Results indicate that if just Class 8 truck operators were to adopt seven simple efficiency technologies, the trucking sector would save 624 million tonnes of CO2 emissions by 2022 – equivalent to the annual emissions of the nations of Spain and Thailand combined. In addition, reducing GHG emissions with efficient technologies can be profitable for the industry. The report finds that Class 8 truck operators would enjoy a fuel-savings of $26,400 per truck, and a payback time of less than 18 months**.
The report finds that the adoption of fuel efficiency technologies represents a profitable investment opportunity that does not depend on any new policies in order to be successful.
“We were delighted to work with the Carbon War Room on this report and believe we can help the market address the potential for technological solutions in transport inefficiencies. By offering insight as to the benefits of deploying these technologies on both fuel and cost savings, we hope businesses will take advantage of the available opportunities and accelerate adoption” said Mark Forrest, general manager of Trimble’s Field Services Division.
Hilary McMahon, Director of Research at the Carbon War Room commented, ”The opportunities that exist today to reduce fuel costs and GHG emissions for trucks and fleets are very exciting, and this report demonstrates the scale of these savings. The technologies to tap into these savings are at our disposal, so what we need now is the widespread dissemination of these technologies in the transport industry.”
Currently, road freight, or the commercial operation of road vehicles, produces 1.6 billion metric tons of CO2e per year, making the sector responsible for 5.75 percent of total worldwide greenhouse gases (GHGs). With trucking predicted to grow by 2 percent or more each year, achieving emissions reductions in this sector is critical if we are to meet key climate stabilization targets. Further, fuel prices are rising.
The adoption of five physical technologies and two information and communication technologies (ICT)-based efficiency solutions by the Class 8 commercial vehicle fleet in the U.S. can prevent the emission of 624 million tons of CO2 by 2022 under predicted industry growth rates.
This suite of seven technologies represents average fuel savings of $26,400 per truck, with a payback period of just 18 months**.
The U.S. is a key location for such savings, as the operation of heavy-duty vehicles consumed 50 billion gallons of fuel in 2010.
As a result of its research, the Carbon War Room is now investigating how to play a wider role in the trucking sector to address market barriers and will be announcing the outcome of a scoping study in 2013.
For the full set of findings and to read the full report, please visit www.trimble.com/