Knowledge about the tyre to road friction is central to many vehicle functions as well as the overall performance of the vehicle. In this paper, a new real-time algorithm is presented for estimating the coefficient of friction using available on-board sensor information. A computationally efficient algorithm is presented, that reduces resources usage compared to previously published approaches. Issues connected to heavy vehicles and friction estimation is addressed, such as wind up of hub assembly and vehicle speed sensing. The performance of the algorithm is illustrated on data sets acquired from the test track recordings in winter conditions.