Questar Fueling to Build CNG-Fueling Facilities for Swift Transportation and Central Freight Lines
SALT LAKE CITY--(BUSINESS WIRE)-- Questar Fueling has signed an agreement to build, own and operate a compressed natural gas (CNG) fueling facility in Houston, Texas, that will serve up to 200 natural gas-powered trucks operated by Swift Transportation and Central Freight Lines. These trucks are projected to use about 5 million gallons of natural gas per year. The majority of the trucks will use a private time-fill facility in which the trucks fill overnight. The remainder will use a five-lane, high-speed-fueling facility that will also be open to the public.
"Questar Corporation is excited to announce a partnership between these 'best-in-class' carriers and our fueling company - Questar Fueling," said Ron Jibson, president, CEO and chairman of Questar Corporation. "Swift Transportation and Central Freight Lines are industry leaders in the adoption of CNG as a transportation fuel for the heavy-duty market. I commend them for their foresight in recognizing natural gas as a fuel that could transform the industry. With such abundant supplies of natural gas in America, it's only a matter of time before we see more trucking companies switching fuels to cut costs, increase efficiencies and improve the air we breathe."
"Our vendors expect us to consistently find ways to improve our transportation efficiencies," said Jerry Moyes, chairman, founder and CEO of Swift Transportation. "CNG helps us meet that objective, and our partnership with Questar Fueling will help facilitate our transition to CNG."
Questar (NYS: STR) is a Rockies-based integrated natural gas company with an enterprise value of about $5 billion and four complementary lines of business: retail distribution, interstate transportation, development and production, and CNG for motor vehicles. www.Questar.com
Swift Transportation (NYS: SWFT) is a Phoenix-based company that operates transportation and truckload carrier services in North America. It operates a tractor fleet of nearly 16,000 units comprised of more than 11,500 tractors driven by company drivers and 4,000 owner-operator tractors. It also includes a fleet of 51,000 trailers and 6,400 intermodal containers from 34 major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. www.swifttrans.com
Media: Darren Shepherd, 801-324-5167
Investors: Tony Ivins, 801-324-5218
KEYWORDS: United States North America Texas Utah
The article Questar Fueling to Build CNG-Fueling Facilities for Swift Transportation and Central Freight Lines originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.