UPS to convert New York delivery vans from diesel to electric
US logistics company UPS is planning to convert two-thirds of its New York delivery fleet from diesel to electric. The project will be conducted under a partnership between the company and the New York State Energy Research and Development Authority, which will provide $500,000 of funding to help develop effective conversion technology. Unique Electric Systems will work with UPS to design and build the system, which should be operational next spring. The plans would mean about 1,500 UPS vans going electric by 2022.

Financials

UPS Releases 1Q 2023 Earnings

UPS today announced first-quarter 2023 consolidated revenues of $22.9 billion, a 6.0% decrease from the first quarter of 2022.