UPS is boosting the number of electric vehicles it runs from its central London depot from 65 to 170, after installing technology that marks the beginning of the end for the combustion engine. The new smart grid charging technology, which the company developed in collaboration with UK Power Networks and Cross River Partnership, removes the need for an expensive upgrade to the power supply grid in order to simultaneously recharge an entire fleet of electric vehicles. Hailing the deployment as […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
The mass adoption of “greener trucks” has taken a step closer, after European legislators moved to address the anachronistic rules currently limiting uptake.