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Liquefied Natural Gas as a Cleaner Freight Energy Source

Posted by Genie Wood on Thu, Sep 19, 2013 @ 03:44 PM

Thus far in September, the trucking industry has made shifts towards using liquefied natural gas (LNG) alongside diesel as a more environmentally-sound source of energy. On Wednesday at the Great Lakes Trucking Expo held in Cleveland, Tom O’Brien, CEO of Travel Centers of America LLC, spoke about recent progress in developing profitable ways to use LNG in the trucking industry. O’Brien cited the “shale revolution” as enabling the exploitation of liquefied natural gas in an economically advantageous way.

Across the United States, oil companies have been exploring shale exposures for natural gas with success. The discovery of natural gas gives the United States a newfound advantage in energy industries. O’Brien believes that the discovery of liquefied natural gas in shale exposures “could be the largest single advantage that the U.S. has enjoyed in the last century.”

Recently, Willow Run Foods signed a lease with Ryder Systems, Inc. for fifteen heavy duty compressed natural gas vehicles. The partnership between Willow Run Foods and Ryder Systems, Inc. marks tangible evidence of the shift towards using LNG that O’Brien spoke of on Wednesday. The vehicles were made available to Willow Run Foods through funding by the New York State Energy Research and Development Authority (NYSERDA). The project is expected to reduce greenhouse gas emissions by 500 tons.

New fuel options for truckers often comes with significant financial benefits. Unfortunately, many truckers still find themselves facing significant cash flow issues. If you are experiencing financial problems because of unpaid invoices, TBS Factoring Service can help. Contact us today at 800-207-7661 to find out more about what we can do for you. 

Tags: fuel, TBS Factoring Service, natural gas, freight factoring