Current R Stock Info

Ryder System Inc. will add 20 LNG trucks for Toyota’s largest U.S. manufacturing plant; Clean Energy will provide fueling station for the trucks

Ryder System Inc. (ticker: R) has awarded Clean Energy Fuels Corp. (ticker: CLNE) a four-year fueling contract. The contract is for a fleet of LNG heavy-duty trucks that move goods for Toyota Motor Manufacturing, Kentucky, Inc. (TMMK).

Toyota’s largest manufacturing facility in North America, TMMK, is located in Georgetown, Kentucky. Clean Energy will open a LNG station in Georgetown to fuel the trucks that are expected to consume approximately 380,000 gasoline gallon equivalents (GGEs) each year.

“At Ryder, we have the opportunity and ability to continually reduce the environmental impacts of our operations and those of the customers we serve,” said Ryder. “LNG as a transportation fuel helps us reduce our vehicle emissions, and we’re happy to partner with Clean Energy to continue our dedication to sustainability solutions.”

Ryder has been expanding its offering of advanced vehicle technologies. Toyota has also expanded into alternative fuels and has encouraged its third-party carriers to move its goods in a more sustainable way. According to Clean Energy, LNG produces less emissions than diesel.

“We are seeing a trend in shippers selecting carriers that demonstrate a commitment to the environment,” said Clean Energy VP Chad Lindholm. “Natural gas is a perfect fit for carriers because not only is it cleaner, it’s abundant, is available today, performs every bit as well as diesel, and makes sense economically.”

Clean Energy Fuel Station

USPS carriers fueling with Clean Energy increases

Clean Energy has signed multiple fueling agreements with United States Postal Service contract-carriers in Florida, New York, Oklahoma, and Texas, increasing the total number of USPS carriers fueling with Clean Energy now to 15 fleets.

“The United States Postal Service takes our sustainability goals very seriously. Our carriers live in the very same communities we serve, and we continue to look for ways to reduce our impact on the environment. Since 2005, we have increased the use of alternative fuels by 141%, and we are encouraged that our contract-carriers are using alternative fuels as well,” said USPS.

A new deal was signed with C. Blackburn Trucking Associates. C. Blackburn will fuel four Class-8 heavy-duty trucks at Clean Energy’s JFK International Airport station.

Thunder Ridge Transport will increase the number of trucks that use natural gas. Thunder Ridge will fuel 20 new CNG trucks out of Clean Energy’s Dallas-Fort Worth station. Postal Fleet Services, Inc. is also adding additional CNG trucks to its fleet, fueling in Texas and Florida.

Additionally, G&P Trucking will fuel at Clean Energy’s CNG fueling station at the Will Roger’s Airport in Oklahoma.

“Businesses that require goods to be transported, such as the USPS, continue to demand cleaner fleets in their supply-chain. And fleets realize that by reducing their greenhouse gas emissions as well as NOx by switching to natural gas, they not only help the environment, but they’re also winning more business,” said Clean Energy.


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