The short delivery schedule--30 deliveries in 2011, with the remainder by the end of 2012--leads to larger production volumes, which support cost savings. When Heckmann takes final delivery of these vehicles, the company will be operating the largest private fleet of LNG commercial vehicles to date, and it will be doing so with a greener image. Also, by utilizing a fuel that will be locally sourced, the company will support some of its own customers and further reduce transportation-related costs and emissions resulting from transporting fuel to the retail source.Overall, Heckmann deserves recognition for efforts to lead the way to a better, more stable future. Besides the reduction in CO2 emissions from these vehicles versus their diesel counterparts, Heckmann has set an example for other fleets in terms of reducing operating costs. The fuel cost advantage of these vehicles will lead to a sizable reduction in operating expenses. In today's market, oil price volatility has resulted in significant uncertainty for fleets when it comes to fuel cost calculations. As commercial vehicles consume a large percentage of the transportation fuel in North America, any efforts from commercial fleet operators to reduce gasoline or diesel demand is to be commended.
Frost & Sullivan Commends Heckmann Corporation For Its Strategic Decision To Invest In Alternative Fuel Vehicles
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.