Southampton, UK. March 2, 2015 — An average heavy goods vehicle in the UK consumes £42,000 (€57,750) of fuel annually in the UK, and haulage companies operate on extremely tight margins, usually between 1-3%. This means fuel savings can have a huge effect on their profitability.
There are a number of products already on the market to improve the efficiency of haulage vehicles, writes Dr Angus Webb of Dynamon, a company spinning out of the University of Southampton. However, he reports that a lack of evidence of the fuel savings achieved has limited their uptake.
Now the start-up company Dynamon is combining ‘big data’ from vehicles with dynamic modelling and statistics to provide hauliers with tailored recommendations on the products that will help them make the greatest savings.
Dynamon has three products: Advanced Telematics, the Fuel Saving Platform, and the Fuel Saving Calculator. Advanced Telematics utilises in-vehicle electronics, mathematical modelling and big data statistical methods to provide a detailed breakdown of fuel consumption, in relation to a range of critical factors. It then identifies where the greatest efficiency improvements can be made.
The Fuel Saving Platform is an extension to Advanced Telematics, which recommends fuel saving products based on how a vehicle is consuming fuel and the likely return on investment for the haulier. The Fuel Saving Calculator is a web application for fuel saving product manufacturers to more accurately communicate potential fuel savings to customers.
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