Fri, Jul 25, 2014, 12:38 AM EDT - U.S. Markets open in 8 hrs 52 mins

Recent

% | $
Click the to save as a favorite.

Clean Energy Fuels Corp. Message Board

  • dlm2013a dlm2013a Oct 30, 2013 12:47 AM Flag

    clne and wprt wsj

    Truckers Tap Into Gas Boom
    Operators of U.S. Truck Fleets Are Accelerating a Shift to Natural Gas Fueled Vehicles
    By
    Mike Ramsey

    Oct. 29, 2013 6:37 p.m. ET

    Operators of some of the largest U.S. truck fleets, including Lowe's LOW +1.00% Cos., Procter & Gamble Co. PG +1.43% and United Parcel Service Inc., UPS +0.55% are accelerating a shift to natural gas fueled trucks, betting on new engine technology that promises to drop the cost of shifting from diesel fuel.
    Enlarge Image

    Home-improvement retailer Lowe's wants its delivery company to shift all of its several hundred trucks to natural gas by 2017. P&G already has 7% of its trucks on gas and could reach as much as 20% within two years. UPS says it plans to buy 1,000 natural gas trucks by the end of next year. FedEx Corp. FDX +0.46% plans to shift 30% of its long-distance trucks to natural gas over the next decade.

    The nation's supply of relatively cheap natural gas is helping spur this shift. So are new natural gas engines that can power heavy-duty trucks that weigh up to 80,000 pounds. The first, a 12-liter Cummins CMI -5.20% Westport Inc. natural gas engine went on sale in July. Next year, Volvo AB, VOLV-B.SK +0.71% the Swedish heavy truck maker, will introduce a natural gas engine for its trucks.

    Long-distance trucking companies, like Con-way Inc., CNW -0.13% Schneider National Inc., Swift Transportation Corp. SWFT +1.62% and Werner Enterprises Inc. WERN +0.26% are testing compressed natural gas and liquefied natural gas powered trucks as they awaiting more powerful engines and a nationwide fueling and repair infrastructure. Higher initial cost for vehicles, scant natural-gas vehicle suppliers and fuel availability have been impediments.

    The take up is just starting: About 5% of all heavy duty trucks sold next year will run on natural gas, up from around 1% this year, according to industry projections.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • more of same story....

      The average heavy truck consumes as much fuel as 40 sedans in a year. Such vehicles make up just 1% of the U.S. vehicle fleet, but consume 20% of the fuel, according to Jim Arthurs, the president of Cummins Westport, a joint-venture of engine makers Cummins Inc. and Westport Innovations Inc. Diesel-engine trucks get between 5 miles a gallon and 7 mpg and average 100,000 miles a year.

      “Within five years, 30% of our fleet could be natural gas,” said Ike Brown, president of logistics and trucking company, NFI Intermodal, which provides deliveries to Lowe’s in Texas and has some 2,200-trucks in its fleet.

      “It’s cleaner than the average truck running today,” said Steve Palmer, vice president of transportation for the Mooresville, N.C.-based Lowe’s. “It’s a long-term play that could save a lot of money.” The retailer plans to have 100% of its fleet on natural gas by 2017. “And I do believe the 12-liter engine was the inflection point,” Mr. Palmer said.

      Some other classes of commercial trucks have made rapid shifts to natural gas. This year about 60% of all new garbage trucks purchased use natural gas. Those trucks mostly use a smaller 8.9-liter engine that has been available for several years.

      Waste Management Inc., the largest garbage company in the U.S., has converted about 15% of its 22,000-truck fleet to natural gas. About 90% of its future purchases will be natural gas fueled, helping it save between $15,000 and $20,000 a year per vehicle, a two-year payoff for the more expensive truck.

      Sentiment: Buy

    • Tell the bozo at Piper not all trucks will be CNG.

      "Westport Innovations receives order for 900 Ice Pack LNG Tank Systems"

      Nice order..............

 
CLNE
10.40-0.03(-0.29%)Jul 24 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.