UPS is spending $450 million to expand its fleet of natural gas vehicles making deliveries.
"We've been at this for decades, so this additional 6,000 vehicles rose our existing fleet of 10,000 vehicles to be one of the largest in the transportation industry," Mike Whitlatch, vice president of global energy and procurement at UPS, told Cheddar Wednesday.
Whitlatch says this investment could lead to a much cleaner future for the company.
"I think the real story here is that natural gas provides us a bridge or a pathway to use renewable natural gas (RNG) or biomethane, which offers significant emissions benefits over conventional fossil fuels."
Biomethane is created from organic matter found in landfills or wastewater treatment plants.
"This is a seamless integration," Whitlatch said. "We can take RNG from these sources throughout the United States, or wherever it's at in the world, we can integrate it within existing pipeline systems, we can move it from point A to point B, and seamlessly compress it and place it into our existing fleet today."
Whitlatch says UPS continues to look for ways to strive for a clean future, including its fleet of hybrid and electric vehicles.
"It's an all-in approach to figure out how we can lessen our impact on the planet."
Alexander Reed, CFA and CIO for Envisage Wealth, breaks down why he thinks rates could stay higher for longer and why real estate, utilities, and regional banks are sectors to avoid.
Big brands that have relied on TikTok videos to reach younger consumers do not appear to be panicking as they wait to see what happens. But they have started planning.
It's been 15 years since the last fatal crash of a U.S. airliner, but you wouldn't know that from a torrent of flight problems that made news in the last three months.
Abortion opponents want the high court to ratify a ruling from a conservative federal appeals court that would limit access to a medication called mifepristone, which was used in nearly two-thirds of abortions last year.
Annie Chechitelli, chief product officer at Turnitin, breaks down how students and teachers alike can learn from artificial intelligence – while still maintaining academic integrity.
Neiman Marcus Group CEO Geoffroy van Raemdonck talks luxury shopping and TikTok, why the company prefers to be private for now, and the benefits of flexible work arrangements.
Rebecca Walser, founder and CEO of Walser Wealth Management, discusses how geopolitical conditions, the bifurcated economy, and other volatility could weigh on markets.