To ask the value of a minute is more than a philosophical exercise. For municipal waste haulers and private haulers alike, it’s a practical one — and there’s a definitive answer that can lead to important savings.
The cost to operate a waste collection vehicle in most of North America has been estimated at a minimum of $100 per hour, accounting for drivers, fuel, maintenance, and more. That’s about $1.67 per minute. On the surface, it’s a small number, but savings of just one minute per day, per truck add up quickly. Across a larger fleet, the fleet management cost savings are far too significant to be ignored.
Here’s a quick example: A fleet of 25 trucks operating six days a week for a year — each saving a minute a day — eventually recoups $13,000 in a year.
Try it for yourself below!
Waste Hauler ROI Calculator
Calculate your potential annual savings based on the number of trucks in your fleet and the minutes saved per truck each day.
Annual Savings:
The formula of fleet management costs
Here’s how to calculate the yearly savings for a waste management business by saving one minute per truck, per day:
Number of trucks x Number of operating days per week x 52 weeks in a year x $100 per hour / 60 minutes
Annual fleet management cost savings examples
Here are a few more examples of what annual savings could look like:
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- Five minutes: $65,000
25 trucks operating six days a week, saving five minutes per day, per truck
- Five minutes: $65,000
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- 10 minutes: $130,000
25 trucks operating six days a week, saving 10 minutes per day, per truck
- 10 minutes: $130,000
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- 15 minutes: $195,000
25 trucks operating six days a week, saving 15 minutes per day, per truck
- 15 minutes: $195,000
Fleet automation tools help haulers shave time off routes in a number of ways, while helping them capture additional revenue from logged service extras and other benefits. It improves efficiency, helping to make your current customers more profitable without putting extra work on you or your drivers.
The average Routeware customer using our fleet automation tools reports saving about 30 to 60 minutes per route per day: savings that cover the cost of going digital and make operations more streamlined and efficient at the same time. When you consider that figure, multiplied by the number of trucks in your fleet, it’s easy to see why more and more waste haulers are leveraging Routeware’s waste management technology.
Interested in learning more about what we can do for you? Get Started today with your initial quick and free consultation.
