Truckers Tap into Gas Boom

October 30, 2013 Wall Street Journal on how truck fleets are rapidly adapting to the lower cost of natural gas.

By

Mike Ramsey              
Oct. 29, 2013 6:37 p.m. ET
Operators of some of the largest U.S. truck fleets, including Lowe’s,  Procter & Gamble Co. United Parcel Service Inc., 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.

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. 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 Westport Inc. natural gas engine went on sale in July. Next year,   Volvo AB, the Swedish heavy truck maker, will introduce a natural gas engine for its trucks.

Please see the full Wall Street Journal Article Here:

http://online.wsj.com/news/articles/SB10001424052702304200804579165780477330844

This entry was posted in Hoyt Royalty News by cberl. Bookmark the permalink.

About cberl

Chris Berl is President and CEO of Restroom Direct and Managing Director of Bavada.com. Both companies specialize in the sales of commercial restroom accessories and hand dryers. Chris is also a Director at Hoyt Royalty which is a family run enterprise managing mineral rights in the Marcellus Shale region of Pennsylvania.