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GP Strategies Corp. Message Board

  • citiccgirl citiccgirl Oct 14, 2013 3:19 PM Flag

    UPS announced plans to invest ~$50 mln to build an additional nine liquefied natural gas (LNG) fueling stations

    UPS announced plans to invest ~$50 mln to build an additional nine liquefied natural gas (LNG) fueling stations, bringing the total number of stations to 13. Four were announced in April, and all should be operational by the end of 2014.

    And who is this with?

    GPX GP Strategies (GPX) announced that its Alternative Fuels business unit has signed a multimillion-dollar contract to design and construct thirteen liquefied natural gas (LNG) fueling stations for UPS across the US.

    What's exciting to me is the builder of alternative fueling stations. The natural gas vehicle market has had a 'chicken or the egg' problem. Potential manufacturers of nat gas cars wanted to know that fueling stations would be on major highway and in key cities/areas throughout the country.

    Sentiment: Strong Buy

 
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