Skip to content
Search AI Powered

Latest Stories

newsworthy

UPS to convert NYC delivery vans from diesel to electric power

As many as two-thirds of NYC fleet could be converted in five years, UPS says.

UPS Inc. will begin converting the bulk of its New York City delivery van fleet from diesel to electric power in a move that the company said could cut its fuel bill by 20 percent, under a public-private partnership announced Thursday between the Atlanta-based company and the state's Energy Research and Development Authority.

UPS and Stony Brook, N.Y.-based Unique Electric Solutions LLC, will design, build, test, and make the conversions, while the state authority will provide $500,000 in funding, UPS said. The project, which will be conducted in the New York borough of The Bronx, is part of a statewide goal set by Gov. Andrew M. Cuomo (D) to reduce carbon emissions by 40 percent by 2030 by replacing diesel-powered vehicles with clean technology.


If successful, the first converted package car would hit the streets by the spring, UPS said. The plan is to convert up to three cars a day, which could lead to about 1,500 vehicles, or two-thirds of UPS' current New York City fleet, operating by 2022. The company said it does not know how many vehicles will be converted.

The core system features a specialized motor with a high-voltage backbone aligned with the duty cycles of UPS delivery trucks. The new motors are simpler, cheaper, and better suited than conventional induction motors for the operation of electronic vehicles, UPS said.

The engine's propulsion system provides more miles per battery charge, which reduces charging times and increases energy efficiency by up to 20 percent, UPS said. The company would not disclose what that would translate into in terms of hard-dollar fuel savings.

UPS' global fleet consists of more than 8,500 alternate fuel and advanced technology vehicles. The company has said that one of four vehicles worldwide will use alternative fuels or advanced technology by 2020.

The Latest

More Stories

plane hauling air freight cargo

Global air cargo rates reached 2024 high point in November

Worldwide air cargo rates rose to a 2024 high in November of $2.76 per kilo, despite a slight (-2%) drop in flown tonnages compared with October, according to analysis by WorldACD Market data.

The healthy rate comes as demand and pricing both remain significantly above their already elevated levels last November, the Dutch firm said.

Keep ReadingShow less

Featured

containers stacked at a port

Supply chain execs wary of three trends in 2025, Moody’s says

Three issues ranking at top of mind for supply chain executives in 2025 will be supply chain restrictions, reputational risk, and quantifying risk exposure, according to Moody’s, a global integrated risk assessment firm.

Each of those points could have a stark impact on business operations, the firm said. First, supply chain restrictions will continue to drive up costs, following examples like European tariffs on Chinese autos and the U.S. plan to prevent Chinese software and hardware from entering cars in America.

Keep ReadingShow less
youngster checking shipping details on smartphone

Survey: older generations are unaware of holiday shipping deadlines

As holiday shoppers blitz through the final weeks of the winter peak shopping season, a survey from the postal and shipping solutions provider Stamps.com shows that 40% of U.S. consumers are unaware of holiday shipping deadlines, leaving them at risk of running into last-minute scrambles, higher shipping costs, and packages arriving late.

The survey also found a generational difference in holiday shipping deadline awareness, with 53% of Baby Boomers unaware of these cut-off dates, compared to just 32% of Millennials. Millennials are also more likely to prioritize guaranteed delivery, with 68% citing it as a key factor when choosing a shipping option this holiday season.

Keep ReadingShow less
shopper returning purchase with smartphone

E-commerce retailers brace for surge in returns

As shoppers prepare to receive—and send back—a surge of peak season e-commerce orders this month, returns will continue to pose a significant cost for the retail industry, with total returns projected to reach $890 billion in 2024, according to a report released today by the National Retail Federation (NRF) and Happy Returns, a UPS company.

Measured over the entire year of 2024, retailers estimate that 16.9% of their annual sales will be returned. But that total figure includes a spike of returns during the holidays; a separate NRF study found that for the 2024 winter holidays, retailers expect their return rate to be 17% higher, on average, than their annual return rate.

Keep ReadingShow less
screenshot of agentic AI for logistics

HappyRobot lands $15.6 million backing for its agentic AI

San Francisco startup HappyRobot has gained $15.6 million in venture funding for its AI platform that automates the communication needs of freight brokerages and other logistics users such as third-party logistics providers and warehouses.

The “series A” round was led by Andreessen Horowitz (a16z), with participation from Y Combinator and strategic industry investors, including RyderVentures. It follows an earlier, previously undisclosed, pre-seed round raised 1.5 years ago, that was backed by Array Ventures and other angel investors.

Keep ReadingShow less