New Fuel Economy Rules for Big Rigs
Long overdue the new fuel economy rules for tractor-trailers was announced today in Washington DC. The new standards were authorized under a bill signed into law by Pres. George W. Bush way back in 2007. It is taken until today to develop the standards, which have been described, as fairly complex.
While the new rules are going to cover new trucks in the year 2018 and designed to save 20% in fuel efficiency the standards are long overdue. On balance, trucking companies will see the price of the new truck increase, which will be offset in no time by reduced fuel consumption, which is the major expenditure for trucking companies.
The net effect for commercial carriers will be increase profit from the new standards. There will be some who criticize the move toward more fuel-efficient vehicles but there is no doubt that the new regulations will increase profit for trucking companies and small owner operators.
Generally the larger the truck the more savings for the trucking company under the new rules. Not only will profits for trucking companies be increased but we will be that much less dependent upon foreign oil to meet our needs.
The technology exists to have rapid and substantial increases in miles per gallon for almost all vehicles on the roadway. Heavy resistance from both consumers and manufacturers has slowed the progress toward more fuel-efficient vehicles. No credible expert has opined that the new standards will do anything but increase profits for small businesses and trucking companies.
The less it costs you to haul your goods the better your bottom line.
