UTK faculty member creates Fleet Sustainability Index
Now, he has a new start-up after licensing the technology through the UT Research Foundation.
Alex Scott, Associate Professor and Gerald T. Niedert Professor in the Haslam College of Business at the University of Tennessee (UT), Knoxville, spent nearly a decade working in the transportation sector and years researching supply chain policy and sustainability. Now, after creating something called the Fleet Sustainability IndexTM, he has licensed the technology through the UT Research Foundation and launched a new start-up named Sustainable Logistics.
It is a data services company providing sustainability insights in the truck transportation space. Specifically, Sustainable Logistics provides emissions factors for practically every trucking fleet (i.e., carrier) in the U.S. The emissions factors represent the output of CO2 per mile that a carrier emits based on the equipment used by the carrier. This enables users of the index, such as shippers, brokers, and third-party logistics providers, to: (1) estimate their past emissions, or a client’s past emissions, using easily accessible data such as the carrier used and miles; and (2) select and score carriers based on their emissions factors.
When shippers want to hire a carrier, they consider price and service offerings, but with Scott’s index, they now have the option to factor sustainability into their decision-making process.
The start-up and its technology were spotlighted in the latest edition of the UTRF Newsletter. To learn more, click here.