How New Technology Can Help Reduce Transport Costs
Technology in the transport industry has increased dramatically in recent years. Technology comes in many forms but typically there is a capital cost up-front to implement it.
A recent article from Fleet Maintenance refers to new technologies that can be implemented to reduce fuel costs. For example improving aerodynamics of the vehicles, low rolling resistance tyres, speed limiters and optimising engine parameters for fuel efficiency. Read the article in full here.
I was recently talking to a trucker from the US who mentioned technology in the trucks that helps the driver use the most efficient route, provides recommendations on the best time of day to travel to avoid congestion to ensure their trip is completed in the shortest time possible with the least delays in traffic to minimise fuel consumption.
There are three areas to consider when reducing transport costs:
Understanding what technology is available and how it will help to reduce costs.
Working through the financial analysis to create a business case for each change in technology. By doing this you will know exactly how much money you need to spend up-front and how long it will take to recoup that cost in cost-savings before increasing profits.
Calculating the carbon emissions of the existing use and calculating the impact of new technologies. This will clearly define the reduction in carbon footprint.
Historically, business decisions have been made largely based on financial considerations. Implementing change was predicated on reducing costs and increasing profits. However, with the requirements for carbon emissions reporting and reduction and sustainability high on the agenda, decisions now need to be made taking into account the carbon footprint data.
Reducing transport costs by implementing new technology will ensure the long-term sustainability of the business both financially and environmentally.
We are proud to advise that this article was written by the team and not produced by AI.