Measuring the trucking industry
Fleet Owner recently published “ Trucking by the Numbers 2015“, its annual report on the trucking industry. The report pulls together data from myriad sources and gives a great snapshot of the industry.
The figures are truly impressive. Below please see a selection, together with our thoughts of how GreenRoad can impact the industry:
A whopping 53.7 billion gallons of fuel was used for trucking in 2014, representing 39.3% of all gasoline consumed in the US.
That means that if just half of all drivers used GreenRoad to help them drive more smoothly and fuel efficiently, 2.69 billion gallons of fuel could be saved each year. Based on 10% reduction in fuel use, a figure which many GreenRoad customers realize, this represent almost 2% of total annual fuel consumption for the entire US.
Private fleets shipped $6.5 trillion worth of goods in 2012, up 31.3% from 2007. For-hire fleets carried shipments valued at $10.1 trillion in 2012, up 21.6% from 2007.
Preventing damage to cargo can save companies big. In fact, if smooth driving stops even 0.1% of the cargo that is shipped annually in the US from breakage or damage, savings will total over $16.5 billion.
Middle Market companies with fleet operations pinpointed fuel economy and maintenance expenses as the greatest opportunities for cost savings. Limiting maintenance costs and maintaining driver safety are top C-level objectives for fleet operations for the coming year.
GreenRoad has significant positive impact on all these areas – increasing fuel efficiency, reducing wear-and-tear and maintenance expenses, and of course, increasing driver safety.
An estimated 136.78 billion gallons of gasoline were consumed in the US in 2014 according to the US Energy Information Administration. EIA uses product supplied to represent approximate consumption of petroleum products. Product supplied measures the disappearance of these products from primary sources, such as refineries, natural gas processing plants, blending plants, pipelines, and bulk terminals. See: http://www.eia.gov/tools/faqs/faq.cfm?id=23&t=10
GE Capital Fleet Market Economic Outlook Survey