Clean Energy to Supply LNG to UPS Stations in Texas
Clean Energy Fuels Corp. announced that it has signed an agreement to provide liquefied natural gas for two private UPS stations in Texas.
The stations are located in Mesquite and Houston, and the agreement supports UPS’ heavy-duty trucks, one of the largest LNG truck deployments in North America, according to Clean Energy.
“Opening the Texas Triangle to LNG fueling is a significant milestone in the use of natural gas in goods movement, and we look forward to supporting UPS’ natural-gas fleet as it continues to expand across the nation,” James Harger, chief marketing officer for Clean Energy, said in a statement.
Under a separate agreement with UPS, Clean Energy said it will open three of its stations in Amarillo, Mesquite and San Antonio to support UPS’ over-the-road fleet.
UPS announced in October that it will spend $50 million to build nine more LNG fueling stations to fuel its trucks, bringing the company’s total stations to 13. All of the facilities are due to be in operation by the end of next year.
Clean Energy lost $18.8 million, or 20 cents per share in the third quarter, a slightly larger loss than the $16.2 million, or 19 cents per share, recorded a year ago.
Revenue declined to $86.3 million from $91.5 million, and natural-gas deliveries rose to 56.4 million gallons.
UPS ranks No. 1 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
