FinancialContent is the trusted provider of stock market information to the media industry
PLS Logistics Services Liquefied Natural Gas (LNG) Carrier Survey: High Level of Awareness, but Obstacles to LNG use in Industrial Trucking Remain
Posted on April 27, 2012 at 03:00 AM EDT
(PRLEAP.COM) PLS Logistics Services, a leading provider of transportation management, technology and brokerage solutions for industrial shippers announced the results of its recently completed survey of industrial freight carriers on the use of liquefied natural gas powered trucks.

The United States is currently producing natural gas at record rates, with production from shale alone expected to increase 41% by 2020. As a result of increased supply and lower prices, there has been an increase in trucking industry interest in the feasibility of natural gas vehicles (NGVs) for transporting freight.

To determine the potential of LNG vehicle use for industrial freight, PLS Logistics Services surveyed senior executives at 100 large industrial freight carriers. PLS survey respondents are key decision makers at some of the largest industrial trucking companies in the U.S.

Highlights from the Survey:

  • The majority of survey respondents (76.1%) were either aware of LNG technology or were actively analyzing its use.

  • The majority of respondents (53.5%) believe LNG has potential in limited applications.

  • A smaller group of respondents (22.5%) believe LNG is a viable alternative for current diesel engines.

  • A small minority of survey respondents (2.9%) reported that shippers were actively promoting adoption of LNG by their trucking companies.

  • When respondents were queried about the barriers to use of LNG from diesel, LNG refueling infrastructure (53.6%) was cited as the largest barrier, followed by the higher cost of LNG vehicles (23.6%).


  • Commenting on the survey results, PLS Logistics Services’ Chairman and CEO Greg Burns noted: "The survey results appear to be a mixed bag for natural gas supporters. On the one hand, LNG is clearly on the radar and is being actively evaluated by some of the largest trucking companies in the industrial sector. On the other hand, less than 10% of senior executives currently believe LNG will be widely adopted of over-the-road trucking. PLS believes LNG has an important role to play as a U.S. energy source, and our future surveys will track adoption rates and attitudes towards this alternative fuel in the future. "

    More detailed survey results are available via PLS’ website:
    http://www.plslogistics.com/whitepapers/PLS_LNG_Study.pdf


    About PLS Logistics Services
    PLS Logistics Services is a leading provider of logistics management, brokerage and technology services for industrial shippers. PLS handles over one million loads annually across all major freight modes: flatbed, van, LTL, rail & barge, air & ocean. The PLS network consists of over 22,000+ trucking companies along with Class-1 railroads and major barge companies.

    GET IN TOUCH
    Jeff Vandergrift
    PLS Logistics Services
    724.814.5099
    http://www.plslogistics.com

    PLS Logistics Services Liquefied Natural Gas (LNG) Carrier Survey: High Level of Awareness, but Obstacles to LNG use in Industrial Trucking Remain

    This social media press release was distributed by prleap.com

    Related Stocks:
    Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
    Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
    Markets are closed on certain holidays. Stock Market Holiday List
    By accessing this page, you agree to the following
    Privacy Policy and Terms and Conditions.
    Press Release Service provided by PRConnect.
    Stock quotes supplied by Telekurs USA
    Postage Rates Bots go here
       
    Financial Widgets

    Display market data, financial news or stock quotes - Learn More

    Advertising Network

    Advertise on FinancialContent's huge network - Learn More

    Web Services

    Power your internet and wireless applications - Learn More