Last year, the world's largest package delivery company spent nearly $3.9 billion on fuel for its transportation fleet. That's a lot of gas money. But without fuel, 100,000-odd UPS trucks, vans, airplanes, and other delivery vehicles would sputter and die -- and that makes fuel costs a life-and-death matter for UPS' bottom line.
Saving the planet -- and the balance sheet -- one truck at a time To mitigate the fluctuating (but historically upward-trending) cost of fuel, and help save the world from global warming in the process, UPS is taking measures to improve its fuel efficiency and cut emissions. Last week, the company announced its latest move: the purchase of 125 "new technology hybrid electric delivery trucks" from Cincinnati-based Workhorse Group, Inc.