Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
3/1/2013 3:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Clean Energy’s Natural Gas Deliveries Rose 25% Last Year


Clean Energy Fuels Corp.

Clean Energy Fuels Corp. said its natural-gas deliveries rose 25% to 195 million gallons last year, although the company reported a fourth-quarter loss.

Clean Energy, which is developing what it calls “America’s Natural Gas Highway,” a nationwide network of liquefied natural gas stations for heavy-duty trucks, defines gallons delivered as LNG, compressed natural gas and renewable natural gas.

Clean Energy announced a joint project with YRC Freight this week, in which YRC will run four LNG-fueled trucks out of the busy Port of Long Beach, Calif.

The company reported a fourth-quarter loss of $41.7 million, or 23 cents a share, compared with a loss of $21 million, or 21 cents, a year ago. Revenue for the quarter rose 15% to $99.1 million.

For the full year, it lost $101 million, or 75 cents a share, compared with a loss of $47 million, or 47 cents, a year ago. Revenue rose 14.4% to $334 million. 

“I am particularly proud that we accomplished our goal of building the first 70 LNG fueling stations along America’s Natural Gas Highway,” Andrew Littlefair, Clean Energy’s president, said in a statement.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement