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AFC Enterprises, Inc. Message Board

cancerdotcom 122 posts  |  Last Activity: May 1, 2015 9:20 PM Member since: Dec 28, 1999
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  • The value proposition

    After surging almost 17% yesterday on no major news, Westport’s shares currently trade hands for $5.32 each. At these levels, it’s easy to make the argument that they’re trading at less than the sum of all the assets on the balance sheet.

    Westport has a book value of US$237 million, including more than US$130 million in cash and nearly US$45 million in receivables. It also has some debt on the balance sheet, to the tune of US$55 million. The company’s book value works out to US$3.75 per share, or $4.68 in Canadian dollars.

    But is that book value telling the whole story? Normally, value investors will strip out goodwill and intangibles from a book value calculation, because they generally aren’t worth much if a company were to liquidate. With Westport, it’s easy to make the argument that the intangible assets are worth more than the $72 million that’s listed on the balance sheet. I’m not sure what they’re worth, but I’d take the over on that bet.

    Not only does the company have more than 400 patents and new technology on the way, but it also has partnerships with Cummins and Ford. Both of these partnerships are easily worth more than just the value on the balance sheet. And the company’s new technology is so promising that many customers delayed purchases for a few months until the new engines came out.

    Asia potential

    As Canadians, it’s easy to scoff at the Westport story. Outside of big trucks and busses, I don’t know anybody who drives a natural gas vehicle.

    In Asia, it’s a whole other story. Although natural gas in Asia is more expensive than what it is in North America — we’re essentially awash with the stuff, they’re not — it’s still cheaper than using gasoline or diesel. In South Korea, where I’ve spent the last few months, just about every truck, bus, or taxi runs on natural gas.

    Westport knows this as well as anyone, and has entered into a partnership with Weichai, one of China’s largest auto parts manufacturers.

  • UPS to build compressed natural gas fueling stations in Denver, other cities
    Apr 1, 2015, 2:46pm MDT

    United Parcel Service Inc. will build 15 compressed natural gas (CNG) fueling stations to support the purchase and planned deployment of 1,400 new CNG vehicles over the next year.

    Phil W. Hudson
    Staff Writer-
    Atlanta Business Chronicle

    United Parcel Service Inc. will build 15 compressed natural gas (CNG) fueling stations — one of them in Denver — to support the purchase and planned deployment of 1,400 new CNG vehicles over the next year.
    The Atlanta-based shipment and logistics company (NYSE: UPS) already has a total of eight CNG fueling stations in Colorado, California, Georgia and Oklahoma and operates CNG vehicles in Germany, the Netherlands and Thailand.
    “UPS’s investment in a large scale alternative energy fleet has enabled the company to avoid more than 34 million gallons of conventional fuels since 2000,” said Mitch Nichols, UPS senior vice president of transportation and engineering.

  • Raven Transport Adding 115 More LNG Trucks to Fleet

    by NGT News on Tuesday March 31, 2015 print the content itemShare on email

    Florida-based carrier Raven Transport is expanding its liquefied natural gas (LNG) truck fleet and again teaming up with Clean Energy Fuels Corp. for fueling.

    Raven Transport will deploy 115 new LNG-powered Peterbilt Model 579 trucks to haul products for an unidentified consumer packaged goods company. The new vehicles, equipped with sleepers and Cummins Westport ISX12 G engines, will add to Raven's 69 other LNG trucks.

  • cancerdotcom cancerdotcom Feb 23, 2015 8:18 PM Flag

    does that by any chance include cummins westport engines ?

  • Clean Energy to Open Four New Natural Gas Fueling Stations; Announces Multiple Fueling Agreements and Receives Industry Accolades

  • Reply to

    319 CNG Trucks for UPS...

    by jandskirch Apr 3, 2015 3:17 PM
    cancerdotcom cancerdotcom Apr 3, 2015 4:04 PM Flag

    Kristen Petrella, a UPS spokesperson, tells NGT News the major shipment and logistics company already operates more than 1,000 CNG vehicles across the country. All told, UPS has over 5,000 alternative fuel and advanced technology vehicles globally. In addition to CNG, the company has embraced liquefied natural gas (LNG), propane, all-electric, electric hybrid, hydraulic hybrid and biomethane vehicles.

    Petrella explains the new CNG vehicles will include approximately 800 tractors and 600 of the company's familiar, brown package-delivery vehicles.

    She says Kenworth will provide most of the tractors, which will feature Cummins Westport ISX12 G engines. Petrella adds the trucks will also be equipped with fuel systems from Agility Fuel Systems and Quantum Fuel Systems Technologies Worldwide Inc

  • Maruti Suzuki’s sales of CNG vehicles zoom 23 pct in 2014-15

    Maruti Suzuki had sold a total of 51,215 units of factory- fitted CNG vehicles in the previous fiscal. (Reuters)
    Car market leader Maruti Suzuki India (MSI) witnessed 23 per cent increase in sales of eco-friendly factory-fitted Compressed Natural Gas (CNG) vehicles in 2014-15 fiscal at 62,996 units.
    The company had sold a total of 51,215 units of factory- fitted CNG vehicles in the previous fiscal.
    “The contribution of CNG vehicles to total sales increased to 5.4 per cent from 4.9 per cent in FY 2013-14,” MSI said in a statement

    Peek Under the Hood of India’s Newest CNG Vehicle - You’ll Find Westport Inside
    Drivers in New Delhi or Mumbai who turn the key on a new compressed natural gas (CNG) Celerio Green, may be surprised to find out that if they look under the hood they will find components from Vancouver-based Westport and its subsidiaries.

    India’s Maruti Suzuki recently announced its Celerio is now available as a bi-fuel option: the Celerio Green. The five passenger, bi-fuel car runs on CNG and petrol (gasoline) and gets 31.79 km/kg when it’s in CNG mode.

    Westport is supplying the cylinder valve, low pressure filter and plastic venting hose for this recently announced addition to the Maruti Suzuki CNG car line up.

    “We have been partners with this Maruti Suzuki for CNG models since 2010,” says Stefano Paoli, EMER Overseas Operations Manager. “Since we are supplying them with common components, equipping the Celerio Green is a natural progression. We hope to see this market continue to grow.”

    Westport components are also under the hood of Maruti Suzuki’s WagonR, Eeco, and Ertiga CNG models, supplied through its subsidiary Emer, and Emer’s India-based joint venture, Minda Emer.

    Learn more about the Celerio Green, and Maruti Suzuki’s natural gas powered vehicles here:

  • A 50% drop in the price of crude oil since last summer hasn't slowed the move by companies with diesel-powered vehicles to shift their fleets to compressed natural gas.

    Fueling the change are station developers with ties to Wisconsin, which has become a national leader in the move to add compressed natural gas stations across the country.

    The drop in petroleum prices since last summer has caused some in the industry to pause their expansion plans, but not Appleton-based U.S. Gain, a division of privately held U.S. Venture Inc, said Bill Renz, general manager of U.S. Gain.

    "A lot of folks ask me, 'With oil dropping are you guys in trouble?' We've signed more deals in the last three months than in the prior four years," Renz said.

    But for a variety of reasons, from the federal stimulus package to the state's reliance on manufacturing to the numerous CNG-focused companies based here, Wisconsin has pushed this alternative fuel more than most states.

    Wisconsin has more CNG stations than all of four of its neighboring states combined, and more than all but three states in the country: Texas, Oklahoma and the national leader, California.

    But leaders in the expansion of stations across the country are watching closely the volatile price of oil and falling price of diesel.

    "What drives our market is the difference between diesel and the natural gas alternative, and that margin or spread has compressed quite a bit over the last six months," said William Zobel, vice president of market development and strategy at Trillium CNG, which has opened six CNG stations in Wisconsin and more than 50 overall. "That's a driver for us."

    Trillium has opened 52 stations nationwide, and remains committed to opening nearly 50 more by the end of next year.

    At U.S. Gain, Renz says the drop in crude oil prices coincided with a surge in contracts. Business prospects are so strong that U.S. Venture created U.S. Gain as a stand-alone business unit for its compressed natural gas division to

  • CUMMINS READY FOR RENTAL WITH SERVICE NETWORK EXPANDED TO 500 LOCATIONS ACROSS NORTH AMERICA
    23 February 2015
    Rental Fleet Support Initiatives Shaped By 4-Cylinder Engine Growth At Tier 4 Final
    NEW ORLEANS (Feb. 23, 2015) – Cummins Inc. (NYSE: CMI) announced today that the latest generation of 4-cylinder QSF2.8, QSF3.8 and QSB4.5 engines is set to drive a significant growth of Cummins-powered compact equipment with rental fleets moving forward to meet the U.S. Environmental Protection Agency (EPA) Tier 4 Final low-emissions regulations. Ahead of the anticipated population increase of QSF and QSB 4-cylinder engines, the Cummins service support network is expanding to around 500 distributor and dealer locations in North America by the end of 2015.

    The foundation of the support network is based on 170 Cummins distributor locations providing expert technical, service and warranty support for rental companies. Specialist advice on maximizing fuel efficiency and best service practices for Cummins engines is readily available.

    Cummins distributors are leading a Tier 4 Final program focused on 4-cylinder engine support that will increase the number of certified dealer locations to around 330 this year. This increased geographic spread means that rental companies can expect Cummins support whenever and wherever they need it.

    “The expanded support capability we have established will ensure that rental fleets are able to achieve very high equipment utilization rates and maximum uptime availability with their Cummins-powered equipment, be it a small skid steer or a high-capacity crawler crane,” said Chris Uhlmansiek, Cummins Account Executive – Off-Highway Rental.

    “The simplified Tier 4 Final technology offered by our QSF and QSB 4-cylinder engines for compact construction, material handling and industrial equipment across 49 hp-to-173 hp (37-129 kW) range will also enhance the residual value of rental machines as they bri

  • Natural gas heavy duty trucking fleet could benefit US economy and security, but not necessarily climate
    Posted on February 20, 2015 at 6:49 am by Amy Myers Jaffe in General
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    The decision by the Organization of Petroleum Exporting Countries’ (OPEC) decision to favor a market-share approach rather than defend prices – and the subsequent fall in oil prices– has prompted a drop in drilling activity in the United States and layoffs in the oil and gas sector.

    While the U.S. economy benefits from falling oil and gas prices overall, policy makers might want to consider ways to shield the benefits of a healthy U.S. domestic natural gas sector from the negative fallout from the OPEC price war.

    One way to help U.S. natural gas producers beat OPEC would be to nurture natural gas as a fuel for the U.S. heavy-duty trucking fleet. While launching a national network for liquefied natural gas (LNG) fueled trucks might be difficult and expensive, an initial small-scale natural gas transportation network for heavy trucking could be launched in U.S. regions situated near high-volume travel corridors, according to a new UC Davis-Rice University study. Our research shows that California, the Great Lakes and mid-Atlantic areas as places that are well-positioned to launch a small, initial natural gas transportation network for heavy trucking due to their proximity to high-volume travel corridors.

    With the so-called “shale revolution,” the recent emergence of natural gas as an abundant, inexpensive fuel in the United States has raised the possibility of a larger shift in the level of natural gas used in transportation. The study examines the economic and environmental viability of such a shift, and whether it could enable a transition to lower carbon transport fuels.

    A shift to natural gas in transportation could provide several advantages. The shift could

  • cancerdotcom by cancerdotcom Mar 28, 2015 10:12 AM Flag

    The companies note that fleet owners in Georgia will soon be able to take advantage of tax credits provided by H.B.348, a law passed in 2014 by the Georgia state legislature. The bill takes effect in July and provides $12,000 to $20,000 per vehicle in tax credits for fleet owners converting medium- and heavy-duty vehicles to operate on natural gas and other alternative fuels.

    “It’s this type of progressive thinking by the Georgia legislature that will help push America to energy independence,” comments Charania. “We’re excited for how the tax credits will encourage fleet owners to make the conversion.”

  • Among the currently available natural gas Class offerings for over-the-road operations are the following:

    The Freightliner Cascadia 113 tractor incorporates the Cummins Westport ISX12 G heavy-duty natural gas engine and is offered with a variety of CNG and LNG fuel tank options. The factory-installed ISX12 G engine is compatible with either compressed natural gas (CNG) or liquefied natural gas (LNG). A number of vendor-installed fuel tank options range up to a 190 diesel gallon equivalent (DGE) CNG capacity, and up to a 300 gallon (168 DGE) LNG capacity.
    The International TranStar CNG featuring the Cummins Westport ISL G spark-ignited, turbocharged compressed natural gas engine offers 320 HP and 1,000 ft./lbs. of torque. Fuel capacity options include 75 diesel gallon equivalent tanks mounted under the cab on 4×2 models and at the back of the cab on 6×4 versions of the tractor.
    The Kenworth T680 in day cab and 52-in. mid-roof and 76-in. sleeper configurations is offered in a natural gas option. The models are available with the factory-installed Cummins Westport ISX12 G natural gas engines rated up to 400 HP and 1,450 ft./lbs. of torque. The ISX12 G engine can run on either CNG or LNG.
    The Mack Pinnacle powered by natural gas, available in axle back or axle forward configurations, is fitted with a Cummins Westport engine capable of operating on compressed or liquid natural gas and even landfill gas (LFG) or hydrogen compressed natural gas (HCNG) that meets Cummins minimum fuel quality specifications. The 12-liter engine has a peak rating of 400 HP and 1,450 ft./lbs. of torque.
    Compressed-NG-Volvo-VNLThe Peterbilt 579 in a compressed natural gas configuration has the Cummins Westport ISX12 G engine available with ratings of 320 to 400 HP and 1,150 to 1,450 ft./lbs. of torque.
    Volvo VNM 200 and VNL 300 natural gas spark ignition powered trucks feature Cummins ISL G and ISX12 G compressed natural gas and liquefied natural gas powered engines.

  • The results of a CalHEAT initial investigation were integrated into application-based pathways that included long haul operations, as well as local and regional delivery, refuse and transit fleets.

    Key findings included that the market for heavy-duty natural gas trucks in the Southern California Gas Co. service territory may grow four-fold by 2020 and ten-fold by 2030.

    Regional/local delivery and linehaul applications are forecasted by CalHEAT to be growth markets as well. Additionally, new federal fuel economy and greenhouse gas regulations for trucks that will be enacted for 2019 and beyond will drive technology development of advanced drivetrains, seen by CalHEAT as a positive impact for natural gas.

  • cancerdotcom cancerdotcom Apr 2, 2015 11:12 PM Flag

    UPS Doubles Down on CNG with New Vehicles, Stations

    by Joseph Bebon on Thursday April 02, 2015

    In the ever-growing natural gas vehicle (NGV) industry, when a fleet operator deploys any number of NGVs, two or 200, it is certainly noteworthy. Well, UPS just announced plans to purchase and deploy 1,400 new compressed natural gas (CNG) vehicles over the next year, more than doubling its current CNG fleet in the U.S. Wow!

    Kristen Petrella, a UPS spokesperson, tells NGT News the major shipment and logistics company already operates more than 1,000 CNG vehicles across the country. All told, UPS has over 5,000 alternative fuel and advanced technology vehicles globally. In addition to CNG, the company has embraced liquefied natural gas (LNG), propane, all-electric, electric hybrid, hydraulic hybrid and biomethane vehicles.

    Petrella explains the new CNG vehicles will include approximately 800 tractors and 600 of the company's familiar, brown package-delivery vehicles.

    She says Kenworth will provide most of the tractors, which will feature Cummins Westport ISX12 G engines. Petrella adds the trucks will also be equipped with fuel systems from Agility Fuel Systems and Quantum Fuel Systems Technologies Worldwide Inc.

  • NEW DELHI: Thirteen years after Supreme Court banned commercial vehicles not destined for Delhi from entering the city, thousands of trucks and buses running on diesel continue to pass through. Of the more than five hundred thousand vehicles that enter Delhi every day, 50,000-75,000 are trucks and 2,500 state transport buses running on diesel. Supreme Court had strictly barred diesel public transport vehicles while ordering a switch to CNG.

  • Oklahoma boasts 36 locally operated transit operations. Five are classified urban and small urban (Oklahoma City, Tulsa, Edmond, Norman, Lawton); 20 as rural (serving less than 50,000 population), and 11 are tribal systems.

    In transit vernacular, “bus” is synonymous with any fleet vehicle including the prototypical city bus, shuttles, mini-vans and trolleys. There are an estimated 1,250 transit vehicles rolling and serving Oklahomans.

    A switch to CNG vehicles is gaining momentum as transit systems support the goals of Gov. Mary Fallin’s “Oklahoma First Energy” plan. At OSU Transit, the entire fleet will run on CNG by this summer. Seventy percent of Tulsa Transit’s 105 vehicles are CNG powered. With vehicles now on order, one-third of all transit systems will have at least one CNG vehicle.

  • Fleets of all sizes are expanding their use of natural gas as a transportation fuel, led by United Parcel Service (UPS). The company plans to add 1,400 compressed natural gas (CNG) trucks and 12 fueling stations to its operations.

    UPS is planning a nearly 30% boost in its already precedent-setting fleet of more than 5,000 alternative fuel and advanced technology vehicles. It will add up to 800 mostly Kenworth tractor trucks and 600 Freightliner (Morgan Olson custom chassis) package cars during the next year, all operating on CNG.

    In a similar move, California-based Clean Energy Fuels Corp. said longtime customer Raven Transport is adding 115 liquefied natural gas (LNG) trucks to its fleet of tractor trucks. These will be LNG-fueled Peterbilt Model 579 sleeper tractors to haul goods for what Raven called "a leading consumer packaged goods company."

    On a smaller but more glitzy scale, Las Vegas, NV-based hotel/casino operator MGM Resorts plans to roll out the nation's first fleet of CNG-fueled Cadillac XTS stretch limousines. The 22-foot luxury vehicles are the third generation of CNG-fueled limos and other vehicles in MGM's fleet.

    In California on Wednesday, the California Energy Commission (CEC) approved plans for its 2015-2016 investment plan for its Alternative and Renewable Fuel and Vehicle Technology Program, which has disbursed several hundred million dollars over recent years. In its integrated energy policy report, the CEC earlier this year called for accelerating efforts to transform the state's transportation system to zero- and near-zero-emission technologies (see Daily GPI, March 2).

  • Mack Defense Nets GSA Contract to Deliver CNG, LNG Trucks
    April 13, 2015By: Trucking News StaffTags: Fleet Management, News, TechnologyNo Comments
    Mack Defense Nets GSA Contracted to Deliver CNG, LNG Trucks
    Mack Defense has been awarded an indefinite delivery and indefinite quantity contract from the General Services Administration (GSA) to supply Mack Pinnacle, Mack Granite and Mack TerraPro models from now until the initial contract ends Oct. 31, 2015. GSA has the option to extend the contract for an additional year through Oct. 31, 2016.
    The GSA contract also includes natural gas-powered vehicles from Mack. Mack offers the natural gas-powered Pinnacle highway model, which runs on either compressed natural gas (CNG) or liquefied natural gas (LNG).
    “We look forward to working with the GSA to fulfill our contract with natural gas-powered and diesel-powered Mack vehicles,” said Ryan Werling, president of Mack Defense. “We are excited to offer natural gas-powered solutions for our government customers looking for alternative-fuel vehicles. We are pleased that Mack is the only OEM under the contract to offer heavy-duty natural gas vehicles.”
    Mack Defense is part of the Volvo Group, a global manufacturer of trucks, buses, construction equipment and marine and industrial engines.

  • Posted on April 16, 2015 by Admin in Leading News

    UPS has announced that it will expand its fleet of vehicles fueled by natural gas by adding 1,400 CNG tractors and package delivery vans. The Atlanta-based package delivery juggernaut already operates one of the largest fleets of NGVs in North America; The new CNG tractors and vans will be delivered and enter service over the coming year and by the end of this year, UPS expects to have about 4,400 natural gas fueled trucks and vans in operation.

    Snapshot of UPS 1,400 CNG Truck and Van Order
    1,400 CNG Vehicles: 800 CNG Tractors and 600 CNG Package Delivery Vans
    12 CNG Stations to be Built & 3 CNG stations to be upgraded
    1,400 CNG Tractors and Package Vans to be deployed in 15 cities
    1,400 CNG Vehicles expected to displace 54 million gallons of conventional diesel and gasoline annually.
    All Heavy-Duty tractors ordered by UPS in past two years have been NatGas
    UPS Goal is aggregate 1 billion miles logged by Alt Fueled and Alternative Technology Vehicles by end of 2017

  • Reply to

    City trying to sell $350,000 "paperweight"

    by cancerdotcom Feb 10, 2015 7:54 PM
    cancerdotcom cancerdotcom Feb 10, 2015 10:09 PM Flag

    okulawd • 43 minutes ago Flag

    And your point is......?

    no real point...just thought it was funny
    there are plenty of municipalities that have effectively switched to cng for refuse that would take this truck

AFCE
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