This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UPS To Rollout Fleet Of Electric Vehicles In California

UPS (NYSE:UPS) today announced the deployment of 100 fully electric commercial vehicles that will be delivering packages around the state. Today’s announcement will help implement Governor Jerry Brown’s Executive Order to achieve widespread deployment of zero emission vehicles throughout California.

“These all-electric vehicles remind us that California continues to be a dynamic center of innovation,” said Governor Brown. “These trucks were built here, they’ll be driven here and they’re already changing the way business is done here – cutting emissions and eliminating the need for tanker trucks worth of fossil fuels.”

These UPS electric trucks will reduce the consumption of conventional motor fuel by approximately 126,000 gallons per year. Additional benefits include reduction of carbon emissions and noise. The vehicles have a range of up to 75 miles and primarily will deliver packages to customers in Sacramento, San Bernardino, Ceres, Fresno and Bakersfield.

“We currently operate more than 2,500 alternative fuel vehicles worldwide with a variety of hybrid, electric and natural gas technologies, making UPS the leader in logistics sustainability,” said Myron Gray, president of U.S. operations for UPS. “We use our technology and logistics expertise to reduce emissions around the world and help test new automotive technologies.”

The partners responsible for making this project a success include the Governor’s Office of Business and Economic Development, California Air Resources Board, California Energy Commission, U.S. Environmental Protection Agency, South Coast Air Quality Management District, San Joaquin Air Pollution Control District and Sacramento Air Quality Management District.

“EPA's funding of these electric delivery trucks highlights our commitment to the rapid deployment of electric vehicles as a means of cleaning the air, creating jobs and spurring innovation,” said Jared Blumenfeld, EPA’s Regional Administrator for the Pacific Southwest. “California's communities will benefit from both the local manufacturing of these UPS electric trucks and from the resulting elimination of harmful diesel emissions.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs