The abundance of shale fields in the United States has prompted companies to practice hydraulic fracturing as a means to extract and use natural gas. The price of natural gas is cheaper than diesel fuel, which has made natural gas an affordable fuel source for trucking companies. The Energy Information Administration projects that the trucking industry's usage of natural gas will grow at a rate of 11.9% annually for the next 30 years.
Power Solutions International and General Motors have teamed up to provide natural gas engines for trucking companies. The natural gas engines help freight and trucking companies save money while emitting less carbon into the atmosphere.
Despite the growing demand for natural gas in the trucking industry, general car-makers have not yet negotiated a way to use and sell natural gas engines to non-commercial drivers.
The popularization of natural gas within the trucking industry will continue to save companies money, and TBS Factoring Service provides trucking companies with additional financial assistance when needed. To learn more about the services that we provide, contact us at (800) 207-7661.