Any Truckers here know the industry average for Miles traveled per year for over the road trucks and what the average fuel economy is? Try to extrapolate some data as far as revenue per truck sold per year for CLNE. For example if you figured the average truck travel 100k miles per year and used 14,285 gallons per year that would be $25-$30k per truck sold that CLNE would make in revenue if you assume $2 ish NG prices and that CLNE would be getting 100% of the refueling. Thinking more of their fleet agreements with on site fueling than the public stations scattered across the country.
Not sure if those "Guesses" are anywhere near accurate or not. However I would assume the the LNG trucks that are switching are running more miles than "average" as the payback is much better the more you use it. If you had a part time truck it would not make sense to invest in the upfront money.
I drove truck for 24 yrs... What's more important is how robust these engines are...Diesel engines last and put out power otherwise you would see them using cheaper gasoline engines... The more important question is ..How robust are the engines and will the maintenance go up? I searched for some answers ,but found little info... Since Waste Management has been using these engines for longer than most I would watch and see what their move would be.... I searched Westport's site and found no relevant info on this and believe if they are not touting it then it would as I thought..There is more than likely an increase in maintenance costs associated with Nat Gas engines and they probably wear down faster than a diesel engine would.... Still, the cost savings in fuel might be worth the switch ... Like I said.. I could not find any info that was relevant to this... Anyone else have information?
yup I drove trucks for the last 8 years.
Average truck miles per year for over the road would be somewhere around 100k-120k miles per year and average fuel economy would be right around 6.5 miles/gallon. (by the way this number is how the fuel surcharges are figured)
It's about right. I drove 750,000 miles the last 5 years and averaged 7 1/2 MPG. But I was running a little light (+-40,000 pounds). 20,000 gallons is about right. We stop at truck stops like Pilot; not fuel stops.
Sentiment: Strong Buy