Business and Marketing Assignment: Peregrine Trucking Co

Peregrine Trucking Co
[Student’s name]
[Course name and number][Instructor’s name][Date submitted]
Reducing Fuel Cost for Peregrine Trucking Co
Introduction
In the modern automotive industry, use of different forms fuel is guided by the efficiency of both automotive systems and the nature of fuel used. In the year 2016, global primary fuel consumption increased by 1% in comparison with the previous year (Smartway, 2017). This upsurge was attributed to increase in demand for fuel across the globe due to high number of automobiles and diversification of ways in which fuel is consumed. There need for adoption energy efficient systems is growing every day. This discussion aims at evaluating both human and machine intervention mechanisms to reduce fuel cost in Peregrine Trucking Company. The intervention mechanisms are grounded on five processes (recommendations) based on the truck equipment efficiency, professional driving practices, use of up-to-date fuel management systems, purchase or acquisition of modern automobiles and application of best human interventions.
There is compelling evidence that the demand for fuel is still on the rise judging from increased production of vehicles by different automobile manufacturers. Preference of motorized means of transport by many companies has also contributed in the increase of fuel consumption. Global prices are bound to vary regularly due to the prevailing conditions of each nation as well as the various trade agreements or concessions made. Due to fluctuation of global fuel prices and unpredictable inflation rates, many transport companies have adjusted their operations to minimize fuel cost while enhancing their operating efficiency. Even as the fuel demand and cost continue to rise, energy experts and transport analysts are convinced that there is still much more that can be done in the engineering realms to reduce fuel cost. Choices of engine types, fuel combustion modes and energy transmission conduits have a direct influence on fuel cost.
Five Processes (Recommendations) to Reduce Fuel Cost In Peregrine Trucking Co
Use of efficient engine and other equipment
Peregrine Trucking Company is transport enterprise that relies mainly on trucks to offer transport services. One of the ways that the company can reduce surging fuel cost is by use of fuel efficient engines and other truck parts. Such engines are usually designed and calibrated in such a way that they only consume up to a maximum limited or controlled amount during performance. Light truck parts are important due to the fact that they don’t bear a heavy load on the engine, therefore, the forces needed to move them are much lower as compared to heavier parts. This effectively ensures that the engine utilizes less thrust, therefore, less power and hence less fuel consumption. Peregrine Trucking Company can use Low Rolling Resistance (LRR) tires to reduce motion resistance and energy consumption (Smartway, 2017).
Low Rolling Resistance tires are designed to ensure minimal energy loss while in motion. This manufacturing feature enables the tires to achieve efficient rolling effect which in turn improves truck’s fuel efficiency. Reducing rolling resistance by using LLR tires c...