Passenger Bus, Rail and Motorcoach Industry News

Sales teams from both companies will offer Clean Energy's natural gas fueling station construction and operational services to current and potential customers.

Will offer a range of solutions, from basic consulting and design to turnkey modification projects.

The edition includes new agreements signed with additional fueling partners as potential locations for new Clean Energy stations along the expanding “America's Natural Gas Highway.”

Municipalities and other organizations using stations include NY/NJ Port Authority, Long Island Bus/Transit Authority and New York City Metropolitan Transportation Authority.

Will work to provide truck lessees with fueling contracts whose fuel cost savings help to lower overall costs.

Quarles Petroleum Inc. operates approximately 125 fueling stations that serve its commercial vehicle fleet customers in strategic urban areas of Virginia, Maryland, Delaware, Pennsylvania, West Virginia and North Carolina.

The 4,000 square foot CNG fueling facility will be fully functional in the first quarter of 2012.

The $150-million investment is in the form of 7.50 percent convertible notes due in 2016. The notes will be convertible into shares of Clean Energy common stock at $15 per share. The closing of the investment is scheduled to occur on or before Aug. 30, 2011 and is subject to customary conditions.

Over the next two years, the transit agency expects to deploy nine new CNG fixed-route 32-passenger buses and 17 CNG paratransit buses as replacements for 50 percent of the diesel models in its fleet.

Supporting the local deployment of alternative-fueled cabs, the City of Chicago's Department of Environment has implemented a Green Taxi program, which reimburses taxi companies that purchase vehicles powered by alternative fuels or hybrid vehicles.