Waste Management, a company we are all aware of, has been leading the way for the trucking industry to switch from Diesel to cleaner burning Natural Gas. Here is a quote from the following article from The Wall Street Journal:
Rising diesel costs last year forced Waste Management Inc.
WM +1.33%to charge customers an extra $169
million, just to keep its garbage trucks fueled. This year, the nation's biggest
trash hauler has a new defensive strategy: it is buying trucks that will run on
cheaper natural gas.
In fact, the company says 80% of the trucks it purchases during the next five
years will be fueled by natural gas. Though the vehicles cost about $30,000 more
than conventional diesel models, each will save $27,000-a-year or more in fuel,
says Eric Woods, head of fleet logistics for Waste Management. By 2017, the
company expects to burn more natural gas than diesel.
The video featured in the beginning of the article is very interesting so make sure you watch it too.