Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Nvidia Develops New Location-Verification Technology for AI Chips 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
ATLANTA, Oct. 11, 2016 -- UPS (NYSE:UPS) today announced it plans to add 200 new hybrid electric delivery trucks to the company’s growing alternative fuel and advanced technology fleet. The vehicles have the same 2-cylinder engine and E-GENTM chassis as the 125 vehicles UPS announced earlier this year.
Equipped with lithium ion batteries and a range extender engine, these trucks will deliver significant fuel economy equivalency gains, approximately four times the fuel economy of a gasoline powered vehicle. A cloud-based, real time telematics performance monitoring system provides feedback for energy monitoring and route efficiency. The trucks, manufactured by Workhorse Group, Inc., will be deployed beginning in January 2017 starting in Arizona, Texas, Nevada, Mississippi, Alabama, Georgia and Florida, and, possibly in other states as well.
“The improvements in these new package cars came from real-world experience in our alternative fuel Rolling Laboratory, which earlier this year hit a 1 billion miles driven milestone,” said Mark Wallace, UPS senior vice president global engineering and sustainability. “We are committed to developing alternative fuel vehicles that lessen our impact on the environment and reliance on petroleum based fuels – that effort is helping to transform markets and communities.”
UPS operates one of the largest alternative fuel and advanced technology fleets in the U.S. In addition to hybrid electric vehicles, the company’s fleet includes all-electric, hydraulic hybrid, compressed natural gas (CNG), liquefied natural gas (LNG), propane and light-weight fuel-saving composite body vehicles. In addition to its use of alternative vehicles, UPS uses millions of gallons of lower carbon footprint renewable diesel and renewable natural gas (RNG) in its fleet each year.
Using its “Rolling Laboratory” approach, UPS deploys more than 7,200 low-emission vehicles and achieved its goal of driving 1 billion miles with the alternative fuel fleet in August 2016.
For more information on UPS's sustainability initiatives, please visit www.ups.com/sustainability.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. Learn more about our efforts at ups.com/sustainability. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Glenn Zaccara 404-828-4663 [email protected]
