Penske Awarded Grants State & Federal Grants Totaling $1.5 Million
Allowing Purchase of Natural Gas-Fueled Freightliner Cascadia Trucks
And Supporting a New Program to Make the NGV Case to Fleet Customers
Penske Truck Leasing said Tuesday that it’s the recipient of four grants totaling $1.1 million from the Texas Commission on Environmental Quality (TCEQ) through the Texas Emissions Reduction Plan (TERP). “It is expected,” the company said, that it “will utilize the grants to subsidize the purchase of natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines.”
Penske said it will likely deploy the trucks in its full-service truck leasing fleet in the Houston and Dallas markets.
“The Houston and Dallas metropolitan regions have been designated as target air-quality improvement areas and we’re happy to do our part in facilitating TERP’s vision,” Penske senior VP of fuels and facilities services Drew Cullen said in a release.
NGVs ‘at a More Competitive Cost’
“These funds will allow our customers to employ natural gas vehicles at a more competitive cost,” he said.
On Wednesday, Penske reported that the U.S. Department of Energy has awarded its leasing unit a $400,000 grant in support of its Alternative Fuel Vehicle Demonstration and Enhanced Driver Experience Project, to be administered by DOE’s Office of Energy Efficiency and Renewable Energy. Penske said it “will utilize the funds to further introduce alternative fuel vehicles to its customer base.”
“This is a unique program and the first of its kind for our company,” Penske alternative fuels director Matt Krasney said in a release. “This grant will allow fleets to experience alternatively fueled vehicles at a reduced cost, and it will provide Penske the ability to expand our work with customer fleets via comprehensive demonstrations and deep-dive technical support.”
‘Penske Will Walk Them Through the Process’
“We plan to target customers who currently don’t have natural gas equipment, because they may have been deterred by the high vehicle cost and lack of information,” Krasney said. “Penske will walk them through the process, step-by-step.”
Penske Truck Leasing showed a CNG-fueled Freightliner Cascadia tractor at ACT Expo 2015 this week in Dallas, one of about 250 in the company’s fleet.
Cullen participated in the Global Energy and the North American Clean Transportation Market executive roundtable general session at ACT Expo on Wednesday.
Support for a Chicago Propane Fleet
“All of the services we offer under full service lease we also offer under a maintenance agreement even though the customer owns the asset,” Cullen told F&F prior to ACT Expo.
Approximately 20 Penske locations are outfitted for NGV maintenance, Cullen says. Penske technicians are trained alongside OEM and vehicle upfitter personnel, and through organizations including the Las Vegas-based Natural Gas Vehicle Institute.
Penske also counts approximately 128 airport and parking facility buses it maintains under contract, and a fleet of some two dozen propane autogas-powered delivery vehicle it maintains for Alpha Baking in Chicago (F&F, June 16, 2013).
Some 500 Penske AFVs All-Told
Penske celebrated Earth Day last month at a new Trillium CNG fueling station in Pottsville, Pa. (F&F, April 22). A total of 23 Penske-leased CNG trucks will be fueled by Penske Logistics, NFI and Wegmans at the facility.
All-told, Penske claims an alt fuel fleet of some 500 vehicles.
Penske said today that its Penske Logistics successfully completed its planned acquisition of Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Company. Financial terms were not disclosed.
The next ACT Expo is to take place May 2-5, 2016 at the Long Beach Convention Center in Long Beach, Calif.
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Source: Penske Truck Leasing, Fleets & Fuels at ACT Expo 2015 in Dallas