๐Ÿ’ฐ Can Your Fleet Afford the 1B Electric Switch?

๐Ÿ’ฐ Can Your Fleet Afford the 1B Electric Switch?

Insiders, let's chat about the road ahead, where sustainability isn't just riding shotgun; it's driving the whole fleet industry.

From the push for greener operations to the EPA's bold new emission goals, it seems like change is the only constant. But here's the kicker: achieving this green dream without throwing operations into the red is the real challenge. How, you ask? Well, it's all about those small yet impactful adjustments โ€“ think route optimization and smarter vehicle use. Today's feature story has more.

Then there's the elephant in the room โ€“ the hefty price tag on switching to electric vehicles. A cool trillion (no, not a typo) dollars, according to the Clean Freight Coalition. And with the EPA setting the stage for a drastic cut in emissions, it looks like we're gearing up for an electrifying decade ahead.

Inside today's newsletter
๐Ÿš€ Fleet managers, feeling the raise! 81% got a pay bump in 2023
๐Ÿ’ธ Electric truck switch? It will cost $1 trillion says a new report
๐ŸŒ EPA's aiming for greener vehicles with strict new standards
๐Ÿ›‘ Speed limiters? Not everyone's on board
๐Ÿ”Œ Best spots for EV charging? The report spills

All this and more in the Friday edition of The Inside Lane.
Buckle up and let's get to it!
Bianca

How can fleets balance sustainability and operations?

Sustainability is at the top of public and political agenda, and the transition to cleaner transportation affects fleets of all sizes. Achieving those goals requires a careful balancing act with other operational requirements - so how can operators manage this in 2024?

Awareness is everything. Measuring your environmental impact is a good step towards understanding where you need to improve. Good data is the foundations of a tailored strategy - and selling it to management - plus it can help highlight achievements along the way.

Small changes, big impact. Thereโ€™s no need to uproot everything in the pursuit of a more sustainable operation. Optimizing your routes, loads, and maintenance profiles can all make a big difference - as can targeted training to ensure drivers are getting the most out of their vehicles. It all adds up.

Read more in CCJ Digital

๐Ÿ™‚ GOOD DAY:

In 2023, 81% of fleet managers saw their salaries increase, with most earning at least 7% more than the year before, as reported by Automotive Fleet. Despite a third of these managers working independently, often leading new technology initiatives, over half of the survey participants reported annual earnings above $100,000, and 10% exceeded $150,000.

Automotive Fleet

๐Ÿ™ BAD DAY:

Switching the US trucking sector to electric vehicles will cost $1 trillion, a new report commissioned by the Clean Freight Coalition has warned - with fleets and charger operators expected to make the bulk of the investment. The group wants a technology-agnostic approach to decarbonizing freight, instead of a single-minded pursuit of electric vehicles.

Trucking Dive

EPA sets ambitious vehicle emission goals

The Environmental Protection Agency has published new fuel economy standards for light and medium duty vehicles, targeting a 50% and 44% reduction in fleet-average greenhouse gas emissions between 2026 and 2032.

Although the rules do not extend to large trucks, they do include Class 2b and Class 3 vehicles with a gross weight between 8,501lbs and 14,000lbs. The EPA claims manufacturers could meet the new requirements by selling 56% battery-electric and 13% plug-in hybrid vehicles by 2032.

Transport Topics


Yellow Corp's fall drives down truck, trailer prices

The ripples of Yellow Corpโ€™s collapse are continuing to impact trucking, with auction prices for trucks and trailers slumping in March following the large-scale liquidation of the bankrupt carrierโ€™s assets at the start of the month.

According to J.D. Power Valuation Services, the weaker market follows a challenging February for Class 8 auction prices - down 16% for day cabs and 21% for sleeper tractors compared to the same month in 2023. If youโ€™re considering buying new vehicles, now looks like a good time to invest.

Freight Waves


Uber Freight expands trailer-sharing nationwide

Uber Freight is extending its drop-and-hook trailer-sharing solution nationally, after reporting a 43% volume increase during 2023.

Powerloop launched in Texas in 2018, aiming to provide more stable income for truck fleets and now works with 10,000 carriers handling 220,000 loads. Recent enhancements include telematics-equipped trailers for real-time visibility, AI-powered bundling for better efficiency, and improvements to its dedicated carrier solution for smaller fleets.

Trucking Info

Quote of the Day:

โ€œThis mad dash to zero exposes the supply chain to a $1 trillion unfunded mandate. This is not included in the latest Infrastructure Investment and Jobs Act.โ€

Chris Spear, President and CEO, American Trucking Associations


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