Credit: Shutterstock photoReaffirming its commitment for sustainability initiatives and a cleaner environment, premier waste management firm Republic Services, Inc.RSG recently expanded its compressed natural gas (CNG) fleet in Gardena, CA area by adding 11 solid waste collection trucks. The natural gas vehicles replaced diesel-powered trucks in the region to bring the tally of cleaner and environment-friendly vehicles in Gardena to 176.
CNG is arguably the cleanest fuel available for heavy-duty vehicles. Vehicles that run on CNG emit almost zero particulate emissions and reduce smog-producing nitrogen oxide emissions by 50% relative to diesel trucks. For every vehicle that is converted to natural gas, the use of diesel fuel is cut by about 8,000 gallons per year on an average. This decreases greenhouse gas emissions per truck by more than 22 metric tons per year. Additionally, it offers cost advantages over traditional fuels and enables vehicles to make less noise than those running on diesel.
Furthermore, according to the U.S. Environmental Protection Agency (EPA) data, deployment of a new CNG collection truck is equivalent to planting over 600 mature trees each year. Based on EPA calculations, Republic Services' CNG powered fleet in California is likely to significantly reduce carbon emissions and the benefits achieved from it is equivalent to planting 105,600 mature trees. Across the country, the company operates a fleet of more than 2,200 CNG vehicles and 38 natural gas fuelling stations, saving approximately 18 million gallons of diesel fuel annually.
Republic Services is the second-largest domestic non-hazardous solid waste company in the U.S. It provides non-hazardous solid waste disposal services for commercial, industrial, municipal and residential customers through a network of collection companies. The company is presently focusing on a series of high-quality acquisition opportunities, primarily of recycling assets that have the potential to drive healthy long-term growth in its top 25 markets.
Republic Services currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Waste Management, Inc. WM , CBIZ, Inc. CBZ and Exponent Inc EXPO , each carrying a Zacks Rank # 2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WASTE MGMT-NEW (WM): Free Stock Analysis Report
REPUBLIC SVCS (RSG): Free Stock Analysis Report
CBIZ INC (CBZ): Free Stock Analysis Report
EXPONENT INC (EXPO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
