The U.S. economy relies heavily on the shipping of goods. It is considered fast, cheap and reliable, but it comes with a high environmental cost. Rail and freight trucks consume an average of 45 billion gallons of diesel fuel each year, adding up to 450 million metric tons of CO2 – a 25 percent increase from 2004. Heavy duty trucking (Class 8) represents a major component of many companies’ supply chain, and accounts for 17 percent of transportation fuel use, and 12 percent of all US oil consumption.
Soon after the President’s July 2011 announcement of fuel-economy rules for cars and light trucks, the Obama administration (along with the Environmental Protection Agency and the Department of Transportation) announced regulations to improve tractor-trailer fuel economy by 20 percent by 2018, equating to savings of $50 billion in fuel costs over 5 years, and ensuring long-term savings for vehicle owners and operators above initial upfront costs.
Join us May 3rd, as we take a deeper look at these regulations for Class 8 long haul trucks by the EPA SmartWay program – a public-private partnership for creating incentives to improve supply chain fuel efficiency.
*All numbers quoted by EPA SmartWay program.
How does the SmartWay program address this new regulation? How does it increase efficiency in the global supply chain?
How does this new regulation applyto the Cap and Trade program?
What effect, if any, will the SmartWay program have on operating costs associated with delivering freight?
How can early adopters of the SmartWay program give freight carrying stakeholders competitive advantage in the global supply chain market?
How can SmartWay assist freight sustainability efforts of all stakeholders: freight shippers, logistics companies, trucking companies, rail carriers, and truck stops?
In addition to climate change concerns, how does SmartWay address concerns about energy security and economic vitality?