Green Fleet – The New Trucking Industry Opportunity
The trucking industry has been hardest hit over the past two decades by the rising cost of fuel. This applies to privately owned trucking companies as well as corporate trucking businesses. The number of expenses involved in the trucking business can seem overwhelming. This is one reason commercial vehicle owners always seek new way to reduce the burden of these costs. Formerly, there was limited choice in fuels for commercial vehicles.
In a September 2015 annual report by the American Transportation Research Institute, (ref: http://atri-online.org/wp-content/uploads/2015/09/ATRI-Operational-Costs-of-Trucking-2015-FINAL-09-2015.pdf), statistics showed that in 2014 commercial vehicle owners “experienced the highest on-highway diesel prices when it reached $4.02 a gallon” in March. It fell steadily “to $3.21 a gallon” for the remainder of the year.” Today, commercial vehicle owners are looking to Green Fleet as the answer to reduction in operational costs. This is in response to the latest developments in alternative fuel for commercial vehicles now in production.
Alternative Fuel Commercial Vehicles in Production
Already in production by Dodge RAM, Nissan, Ford and GM are alternative fuel vehicles. These include a wide range of pickup trucks and commercial vans. The big news is that these vehicle ownerships are aided by the U.S. Dept. of Energy (DOE) with incentive programs. The DOE allows commercial vehicle owners “search its database of federal and state laws and incentive programs related to alternative-fuel vehicles. (Ref. www.afdc.energy.gov/laws/).
The Benefits of Alternative Fuel Commercial Vehicles for Businesses
There are many benefits to commercial vehicle business owners to consider a Green Fleet and alternative fuel. The most important for fleet managers is cost of ownership. The cost of alternative fuel vehicles may be highest at time of purchase. However, these are offset by lower costs of alternative fuels and also the reduction in risk of higher fuel costs in the future.