Natural Gas Transportation Means More Than Cars

By Tyler Crowe and Aimee Duffy – Jun 7, 2013 at 11:00AM

NASDAQ: WPRT

Westport Fuel Systems

Market Cap

$100M

Today's Change

(-0.17%) -$0.01

Current Price

$5.82

Price as of April 23, 2024, 1:35 p.m. ET

Transportation that doesn't involve cars may actually be a better fit for natural gas... and the opportunity to profit might also be even better.

Whenever the words "natural gas transportation" are mentioned, the first reaction is to relate transportation to cars and trucks. That may not be the case anymore. This week, Westport Innovations (WPRT -0.17%) announced that it had signed a deal with Canadian National Railway (CNI 0.69%) to build LNG-powered locomotives. As intriguing as this story may sound, it isn't the first time natural gas has been considered for railroads. Burlington Northern Santa Fe has been testing the idea for the past couple months as well.

Transportation that doesn't involve cars may actually be a better fit for natural gas. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy take a look at some of the advantages natural gas has in these other transportation sectors and why engine manufacturers should pay attention to this market as well as the vehicle market.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe owns shares of Westport Innovations. You can follow them both on Twitter, @TMFDuffy and @TylerCroweFool, respectively.

The Motley Fool recommends Berkshire Hathaway, Canadian National Railway, and Westport Innovations. The Motley Fool owns shares of Berkshire Hathaway, General Dynamics, General Electric Company, and Westport Innovations. 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.