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News Archive - June 2011

Ryder Sees Increasing Demand for Natural Gas Trucks
June 28, 2011 - Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced it has already secured lease agreements for 87 heavy-duty natural gas trucks from customers looking to take advantage of the fuel cost savings and environmental benefits of alternative fuel powered vehicles – 65 of those vehicles are part of Ryder’s natural gas fleet in Southern California, made available through the Ryder/San Bernardino Associated Governments (SANBAG) Natural Gas Vehicle project. Due to the leadership Ryder has established with the SANBAG project, the Company has also been able to expand its alternative fuel program outside of California and has already secured a lease agreement with customer, Golden Eagle Distributors, Inc., for 22 natural gas vehicles in Arizona. click here  >

Ryder System Delivers Gas Trucks to Dean Foods
June 24, 2011 - Ryder System, Inc. announced delivery of five natural gas-fueled delivery vehicles to Dean Foods, Ryder’s first customer for natural gas commercial vehicles made available through Ryder’s agreement with the San Bernardino Associated Governments (SANBAG) in Southern California. The $38.7 million effort is part of a joint public/private partnership between the U.S. Department of Energy, the California Energy Commission, the Southern California Association of Governments Clean Cities Coalition, and Ryder System, Inc. The Ryder/SANBAG project includes 202 natural gas vehicles, upgrades to three maintenance facilities for the proper servicing of natural gas vehicles, and the construction of two fueling stations. click here  >

Dean Foods Alta Dena Dairy Expands Southern California Fleet with Five Ryder Natural Gas Trucks
June 23, 2011 - Ryder System, Inc. announced delivery of five natural gas-fueled delivery vehicles to Dean Foods, Ryder’s first customer for natural gas commercial vehicles made available through Ryder’s agreement with the San Bernardino Associated Governments (SANBAG) in Southern California. The $38.7 million effort is part of a joint public/private partnership between the U.S. Department of Energy, the California Energy Commission, the Southern California Association of Governments Clean Cities Coalition, and Ryder System, Inc. The Ryder/SANBAG project includes 202 natural gas vehicles, upgrades to three maintenance facilities for the proper servicing of natural gas vehicles, and the construction of two fueling stations. click here  >

Fair Oaks Dairy Affiliate to Add CNG Fueling Station in Indiana
June 21, 2011 - Renewable Dairy Fuels, an affiliate of major Indiana milk producer Fair Oaks Dairy, has contracted with Clean Energy Fuels Corp. to build and operate a new compressed natural gas (CNG) fueling station. The Fair Oaks Station will dispense CNG fuel to power the initial fleet of 42 CNG milk-hauling trucks that the dairy plans to deploy later this year. The Renewable Dairy Fuels CNG trucks will transport milk to processing plants owned by Kroger Co. in Indianapolis, Ind.; Murphysboro, Tenn; and Winchester, Ky. Set to open in the fall of 2011, the Fair Oaks Station will also offer public access and will be located near the dairy farm adjacent to Interstate 65 in Fair Oaks, Ind. -- about 70 miles south of Chicago. click here  >

Taxis to use Ford’s compressed natural gas cars
June 17, 2011 - Southern California residents and visitors will soon be able to hail a taxi that runs on environmentally friendly compressed natural gas, or CNG. Yellow Cab of Anaheim and Cabco Yellow Inc. of Orange County have ordered a combined 119 CNG-powered Ford Transit Connect Taxis, Ford Motor Co. said. Ford said it expects to deliver the first 50 cabs within the next two months, while the rest are scheduled to be delivered by the end of the year. click here  >

Clean Energy Opens Two New Public Access Compressed Natural Gas (CNG) Vehicle Fueling Stations in Downtown Chicago
June 16, 2011 - Clean Energy Fuels Corp., North America's leading supplier of natural gas fuel for transportation, hosted a ceremony today to mark the opening of two public access compressed natural gas (CNG) fueling stations in Chicago. Part of a planned Chicagoland network, the new natural gas stations will support growing fleets of taxis, paratransit vehicles, service vans, refuse trucks and shuttle buses powered by clean, green, domestic natural gas. click here  >

Cheap Natural Gas Sells Cleaner Trucks, but Not the Big Rigs Yet
June 14, 2011 - A sharp $2 per gallon price advantage over diesel is finally doing what years of hard-core advocacy from financier T. Boone Pickens and the natural gas lobby couldn’t — put thousands of clean-burning trucks and buses on the road. Even in the absence of industry-friendly legislation that would provide tax credits worth as much as $64,000 per truck, cheaper fuel costs can justify the purchase price premium in just a couple of years. With little fanfare, natural gas has captured 20 percent of the new bus and garbage truck markets. There’s a good reason for that: a gallon equivalent of compressed natural gas (CNG) is approximately $1.30, and liquefied natural gas (LNG) something like $1.90. click here  >

6 Stocks T. Boone Pickens Just Can't Get Enough Of
June 13, 2011 - We looked under the hood of energy investing guru T. Boone Pickens' portfolio. Here's some commentary on his newest buys from the reporting period ending 3/31/11. As always, use the list below as a starting point for your own due diligence. click here  >

Waste Management Opens CNG Filling Station to the Public
June 13, 2011 - Waste Management of New Jersey has opened its first public-access compressed natural gas (CNG) fuelling station in Camden, New Jersey, and plans to convert its regional fleet to the clean-burning fuel. The new 'Clean N' Green Fuel' public fuelling station, to be operated by Washington based fuel distributor, PetroCard, is the first such facility in Camden County and will sell CNG to commercial fleets as well as individuals with CNG-equipped vehicles. click here  >

Future bright for cleaner-burning natural gas
June 9, 2011 - For natural gas, the stars are aligned for it to play a far more substantial role in the world energy mix, according to a pair of reports this week. The Massachusetts Institute of Technology today published its report on natural gas, which it characterized as an abundant and reasonably priced resource able to act as a bridge to a low-carbon future. The International Energy Agency released its own study (PDF) Monday, where it said natural gas is poised to enter a "golden age." click here  >

U.S. Spent $41.7 Billion on Foreign Oil in Month of May
June 8, 2011 - In his monthly update on the level of foreign oil imports in the U.S., energy expert T. Boone Pickens said that based on the latest figures from the Federal Reserve Economic Database, the U.S. imported 62 percent of its oil, or 362 million barrels in May 2011, sending approximately $41.7 billion, or $934,357.63 per minute, to foreign countries. “The oil import numbers continue to be astronomical and our country continues to suffer as a result,” said Pickens. “In a time of great economic turmoil, our crippling dependence on OPEC oil represents the height of fiscal irresponsibility – particularly when we have the ability to use our own vast domestic natural gas resources.” click here  >

Public access natural gas fueling station opens near McCarran
June 2, 2011 - Clean Energy Fuels Corp., the compressed natural gas fueling company developed by T. Boone Pickens in 1997, opened a public access station near McCarran International Airport today, generating hope that it will lead a transition of Southern Nevada’s fleet transportation companies away from gasoline-powered vehicles. Representatives of the state, Clark County, Henderson, Las Vegas, Sen. Harry Reid and Reps. Shelley Berkley and Joe Heck attended the kickoff of the station on the east side of Paradise Road, south of Tropicana Avenue. click here  >

Encana opens CNG service station in Fort Lupton
June 1, 2011 - Taking a step toward Weld County's aspirations of consuming more of the natural gas produced there, Encana Natural Gas Inc. opened its first natural gas fleet fueling station in Colorado. The station, along County Road 22 in Fort Lupton, serves the fueling needs of Encana’s U.S. subsidiary’s DJ Basin natural gas fleet. Encana Natural Gas Inc. will own the station that will fuel the local fleet of field vehicles. The station is at the Kerr-McGee Platt Valley Plant, which is owned by a subsidiary of Anadarko Petroleum Corp. click here  >

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