Time Is UP! • Production growth will eventually stop and production will peak. • Production is already past its peak in 54 of the 65 largest oil-producing countries. • New oil takes more energy to produce and less comes from each well. • Replacing current infrastructure requires time, money and energy. • Oil contributes about 40% of global energy production, but over 95% of all transport fuel.
The Empty Miles Problem • Cost of fuel and truck operations are escalating. • Empty trucks consume time and fuel on return legs of freight lanes. • 28% of miles are empty per NPTC (National Private Truck Council). • Companies pay a freight premium to cover returning empty trucks. • Limited existing technology to identify opportunities for Back Hauling. • Focus on the environment and sustainability is increasing. • Emissions Reduction is a key plank in most companies’ strategies.
Type in here The Solution… • Low cost collaborative solution to provide visibility to Shippers and Carriers by identifying potential opportunities to reduce empty backhaul capacity. • A web based Serviceto match carrier availability (empty miles) with transportation demand (loads) delivered. • A toolset comprised of collaborative processes, cost and emissions savings Benefits calculator, negotiating checklists, legal agreement templates, and standard data definitions to use the service.
Savings and Benefits Are Real The National Retail Systems, Inc. Case Study
National Retail Savings Summary Matching just one empty lane* per week**Columbus, OH to North Bergen, NJ • Eliminates over 41 tons of CO2 per year • Saves over 3,700 gallons of diesel • The equivalent of nearly 20 barrels of crude oil • At $4.09 per gallon – that’s over $15,000 *Lane = origin / destination location pair** Based on the annual impact of a 500 mile lane run once per week. CO2 emissions are based on the EPA emissions calculator (22 lbs per gallon diesel)Fuel consumption based on equipment rated at 7mpgCrude oil consumption based on EPA analysis of average crude refinement
What’s New? • The NEW VICS Empty Miles: • New Members – New Loads • Easier and faster to use • LESS Sweat Equity