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UPS strays from electric with $130M investment in natural gas fleet

The company announced in 2015 it was building a CNG fueling station in Denver.
Credit: Sylte, Allison

DENVER BUSINESS JOURNAL — UPS's future looks a little less electric as the Atlanta-based logistics giant announced plans for a $130 million investment into its compressed natural gas capabilities.

United Parcel Service Inc. (NYSE:UPS) said Tuesday it will build an additional five compressed CNG fueling stations, plus more than 700 new CNG vehicles, including 400 semi-tractors and 330 terminal trucks. The new CNG stations will be in Goodyear, Ariz.; Plainfield, Ind.; Edgerton, Kan.; Fort Worth, Texas; and Arlington, Texas. UPS said it plans to deploy the new CNG vehicles on routes to utilize the new CNG stations, as well as adding to existing natural gas fleets in other UPS locations.

The company announced in 2015 it was building a CNG fueling station in Denver.

UPS currently operates more than 50 natural gas fueling stations across the U.S., as well as in Vancouver, Canada, and Tamworth, United Kingdom.

Read more at the Denver Business Journal: https://bit.ly/2yq8kDF

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