Fleet Advantage was founded in 2008 on a number of principles formulated around information technology. It was also founded upon the necessity to help organizations improve their tractor fleets’ productivity and to reduce operating costs by improving their fuel efficiency from 6.0 MPG to 10.0 MPG. One of the cornerstones was the Greenhouse Gas Mandate that took effect in 2011 with its requirement to reduce CO2 emissions, which can only be accomplished by improving fuel economy/MPG. The technology and supporting data analytics have arrived, and we are now seeing the results we knew were there - tracking a goal of 10.0 MPG.
A recent success program called “Run on Less”, organized by the Carbon War Room and the North American Council for Freight Efficiency, proved that 10 MPG is possible using technology that are available on the market today. The results exceeded the original 9 MPG goal set by CWR and NACFE.
This transition to new technology has come at a cost however. Our maintenance database clearly indicates that expenses for emissions systems and other new technologies are significantly incurring costs at or about 400,000 miles or 5 years.
To mitigate these rising costs, we knew that we needed to show the industry the solution and benefits to run equipment for a shorter period of time without incurring excess costs.
We introduced our short term flexible lease solution EXchangeIT®, which is typically a 5-year lease with a 1-4 year option to EXchange for new equipment. With our asset management solutions and offerings, we have been able to save our clients millions of dollars in addition to improving productivity and optimizing their fleet operation. We have gone from monitoring 263 trucks in 2009 to over 10,000 tractors, while monitoring over 23,000 tractors each month, in addition to trailers.
Our business model today has greater value than when it was first designed. We are confident that well-capitalized companies operating private fleets along with for-hire operators, will eventually all identify the benefits of cycling their trucks out every 4 years, reaping the benefits of fuel economy as well as safer and more driver-friendly equipment.
Below are some excerpts from the recent success of “Run On Less”: