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Significant progress towards reducing diesel engine fuel consumption and emissions is possible through the simultaneous Waste Heat Recovery (WHR) and Particulate Matter (PM) filtration in a novel device described here as a Diesel Particulate Filter Heat Exchanger (DPFHX). This original device concept is based on the shell-and-tube heat exchanger geometry, where enlarged tubes contain DPF cores, allowing waste heat recovery from engine exhaust and allowing further energy capture from the exothermic PM regeneration event. The heat transferred to the working fluid on the shell side of the DPFHX becomes available for use in a secondary power cycle, which is an increasingly attractive method of boosting powertrain efficiency due to fuel savings of around 10 to 15%. Moreover, these fuel savings are proportional to the associated emissions reduction after a short warm-up period, with startup emissions relatively unchanged when implementing a WHR system.