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The fuel is cheaper and safer than making bio-diesel or any other alternative. Emissions are much cleaner than vehicles using petroleum diesel. The fuel will also help aid in lubrication of the injection pump. This is a major issue for many diesel owners since petroleum emissions regulations have deteriorated the lubrication properties of petroleum diesel leading to many injection pump problems recently.
Our balance sheet continues to afford us significant financial strength and flexibility. At September 30, 2005, we had $6.3 million in cash and cash equivalents, $7.4 million in balance sheet borrowing and capitalized leases, and $103.7 million in stockholders' equity, for a ratio of net debt-to-total capitalization of 1.0%. During 2006, we intend to maintain the average age of our tractor fleet to afford us flexibility in addressing possible cost, and fuel mileage, and reliability issues involving tractor engines designed to comply with stricter emissions requirements in 2007.
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