(Fleetownercom, 2015) Over the next decade, overall U.S. freight outlook tonnage will rise nearly 25% and revenues from that freight will surge above 70%, per the latest long-term freight forecast released by the American Trucking Association. Growth in overall freight volume is pegged at 2.8% per year from 2014 to 2019, then it tapers off to 1.0% during the next six years, through 2025, Trucking’s share of that increase will be from 69.1% in 2013 to 71.4% in 2025
The dynamics of the trucking industry are changing at an accelerating pace. (Monitordailycom, 2015) Technology, economic obsolescence, government regulations and the availability of Big Data are converging with more traditional indicators like current fleet age, and replacement and …show more content…
During that time trucking will increase its share of the freight pool because trucks dominate the transportation of general commodities, and those will continue to grow at a faster rate than bulk commodities. By revenue, food and food products, lumber or wood products, as well as petroleum or coal account for 34.8 percent of truck traffic. By volume, clay, glass, concrete and stone, farm products, as well as petroleum and coal account for 35.6 percent of truck traffic. Additionally, per the report, a resurgence in housing and construction from 2014 to 2016 will also help support freight tonnage growth of 16.6% from 2014 to …show more content…
Due to these older heavy trucks equipment has become environmentally obsolete. From 2000 until 2010, the federal government placed numerous mandates on OEMs to reduce harmful emissions including particulate matter (PM) and nitrogen oxides (NOx).In response, truck Manufacturers have been making significant investments in R&D in order to keep up with regulations and industry demands. Newer federal regulations require mandatory reductions in Carbon Dioxide (CO2) emissions by 2017. The new regulations to reduce CO2 emissions can only be accomplished by increasing a truck’s MPG. A 1 MPG improvement at 100,000 miles per year also saves about $1,000 per year, if you could upgrade a truck that is delivering 6.3 MPG to one that is delivering 6.8 MPG, at 100,000 miles per year, the savings are over $4,600 per year using the last 12 months’ rolling average of per gallon diesel cost. So the investments would provide greater productivity to fleet operators, as well as significant cost
The dynamics of the trucking industry are changing at an accelerating pace. (Monitordailycom, 2015) Technology, economic obsolescence, government regulations and the availability of Big Data are converging with more traditional indicators like current fleet age, and replacement and …show more content…
During that time trucking will increase its share of the freight pool because trucks dominate the transportation of general commodities, and those will continue to grow at a faster rate than bulk commodities. By revenue, food and food products, lumber or wood products, as well as petroleum or coal account for 34.8 percent of truck traffic. By volume, clay, glass, concrete and stone, farm products, as well as petroleum and coal account for 35.6 percent of truck traffic. Additionally, per the report, a resurgence in housing and construction from 2014 to 2016 will also help support freight tonnage growth of 16.6% from 2014 to …show more content…
Due to these older heavy trucks equipment has become environmentally obsolete. From 2000 until 2010, the federal government placed numerous mandates on OEMs to reduce harmful emissions including particulate matter (PM) and nitrogen oxides (NOx).In response, truck Manufacturers have been making significant investments in R&D in order to keep up with regulations and industry demands. Newer federal regulations require mandatory reductions in Carbon Dioxide (CO2) emissions by 2017. The new regulations to reduce CO2 emissions can only be accomplished by increasing a truck’s MPG. A 1 MPG improvement at 100,000 miles per year also saves about $1,000 per year, if you could upgrade a truck that is delivering 6.3 MPG to one that is delivering 6.8 MPG, at 100,000 miles per year, the savings are over $4,600 per year using the last 12 months’ rolling average of per gallon diesel cost. So the investments would provide greater productivity to fleet operators, as well as significant cost