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Frost & Sullivan Commends Heckmann Corporation For Its Strategic Decision To Invest In Alternative Fuel Vehicles

Stocks in this article: HEK

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.

"In diversifying its fuel supply, Heckmann is driving the American push toward reduced dependence on foreign oil, and it may help lead to lower diesel prices and lower oil prices by displacing some of the current demand, which has been the cause of steady price increases," concluded Kar.

Based on these factors, Frost & Sullivan is proud to present the 2011 Green Excellence Award in the North American Private Commercial Fleet Industry to Heckmann Corporation.  Each year, Frost & Sullivan presents this award to the company whose commercial fleet program has expanded considerably to include significant levels of alternative fuel and other fuel economy-enhancing powertrains that provide positive contributions to the "greening" of associated industries and overall environmental sustainability.

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