UPS Building Additional 15 CNG Fueling Stations and Increasing CNG Fleet
UPS (NYSE:UPS) today announced plans to build 15 compressed natural gas (CNG) fueling stations to support the purchase and planned deployment of 1,400 new CNG vehicles over the next year. Twelve of the CNG stations will be in new natural gas vehicle deployment areas, and three will replace existing CNG stations with more robust, higher capacity equipment.
This purchase represents a nearly 30% increase to UPS's current industry-leading alternative fuel and advanced technology fleet of 5,088 vehicles worldwide. The CNG fueling stations and vehicle purchases are part of UPS' ongoing commitment to diversify its fuel sources, implement a fleet infrastructure that can utilize lower carbon intensity fuel sources and increase experience using alternative fuels in freight transport applications.