United Parcel Service Inc. announced plans on Tuesday to build 12 additional compressed natural gas (CNG) fueling stations and add 380 CNG tractors to its fleet, a $100 million investment. The CNG investment is part of the company’s sustainability effort, with alternative fuel vehicles representing 6% of the company’s 100,000-plus global fleet, said Mark Wallace, UPS’ senior vice president of global engineering and sustainability, in a statement. The effort has resulted in a 10% reduction in conventional fuel use, according to Wallace. Using natural gas reduces greenhouse gas emissions between 6% and 11%, UPS said, quoting U.S. Department of Energy figures. UPS aims to tally one billion miles by 2017 with its alternative fuel and advanced technology fleet. UPS shares are down 0.2% in Tuesday trading, but up 5.1% for the year so far. The S&P 500 is down 1.9% for the year to date.
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