SOURCE: Century Capital Markets
NEW YORK, NY--(Marketwire - Jan 17, 2013) - The following is an investment opinion highlighting UPS (NYSE: UPS), FedEx (NYSE: FDX), Echo Automotive (OTCQB: ECAU) and TNT Express (OTCQB: TNTEY). As transportation companies look to cut costs, operating fuel expenses are among the biggest costs a company can incur. Solutions to reduce the cost at the pump as well as help the environment are going to come into greater focus as emission regulations continue to tighten and competition grows between the largest transportation companies in the world.
As of 2010, FedEx (NYSE: FDX) operates one of the largest hybrid fleets in the industry, with more than 1,800 alternative energy vehicles worldwide, including the first all-electric parcel delivery trucks in the United States. As a whole, FedEx consumes more than 1.5 billion gallons of liquid fuel annually. UPS (NYSE: UPS), who recently was denied acquisition of TNT Express (OTCQB: TNTEY) from EU regulators, also has recently purchased 130 hybrid electric delivery trucks to add to their current fleet of 250. As results are analyzed by both companies, other means may be incorporated into transitioning existing trucks into hybrids as a cost saving measure instead of purchasing new and expensive hybrid trucks.
A solution from Echo Automotive (OTCQB: ECAU) has the fleet vehicle industry intrigued over its EchoDrive™ hybrid solution. Echo Automotive's ground breaking technology has the ability to significantly reduce fuel costs by converting existing conventional vehicles into plug-in hybrids without sacrificing performance. The Company's fuel-saving platform is bolted onto an existing vehicle, without needing major modifications with nearly no risk to the integrity of the vehicle. Echo Automotive states on its website that its Echodrive™ technology can reduce fuel usage in existing fleet vehicles by up to 50%. For more information about this technology, please visit www.echoautomotive.com
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