Fleetowner 2656 Truck Trends

Fleets eyeing more alternative acquisitions

March 6, 2012

INDIANAPOLIS. A long awaited “restocking” of the commercial vehicle population is expected to continue at a slow yet steady pace through 2016, according to data tracked by the National Truck Equipment Assn.(NTEA). However, more and more of the new vehicles added to the fleet population – especially in the Class 3-8 segments – are expected to be powered by a range of alternative fuels, the group noted.

“We don’t have a lot of empirical data yet, but we’re seeing some interesting trends for green trucks developing,” said Doyle Sumrall, NTEA’s senior director of business development, during a speech (pictured) here at the group’s 2012 convention.

“The number of trucks powered by natural gas and propane are expanding nicely, and we project a greater increase in their numbers in 2013,” he noted. “Hybrid truck sales, by contrast, are a little off but there’s still high interest out there. Those trends are heartening but [alternative fuels] remain a complex issue as there’s a need to work more closely to optimize equipment for particular operations.”

Sumrall said as of this year, the overall population of commercial Class 3-8 trucks is down by about 500,000 units largely as fleets are removing older equipment from service. According to NTEA surveys, interest is not only high now for new trucks but also ones powered by alternative fuels, versus a more concentrated focus on the used truck market over the past few years.

“The major trends we see developing now are government and industry aligning themselves more as partners; green strategies, including but not limited to using alternative fuels, becoming more mainstream; and a greater focus on lifecycle cost, as achieving payback for new vehicle investment is now the critical part,” Sumrall noted.

In terms of green strategies, he noted that fleets surveyed by NTEA are investing in oil analysis programs, replacing air with nitrogen in tires to make them last longer, while moving to smaller engines and chassis.

“While there’s a lot more interest and demand for natural gas powered trucks, we’re seeing fleets taking more broad-based efforts to boost fuel efficiency and [vehicle] productivity,” Sumrall said. “Overwhelmingly, lifecycle costs advantages are going to push all of this forward.”

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...