Washington, February 05, 2015
UPS Supports legislation to tax all fuels equally
UPS® (NYSE: UPS), a leading global logistics provider, applauds the bipartisan legislation introduced by Senator Michael Bennet and Senator Richard Burr that will equalize the federal excise tax for liquefied natural gas (LNG) and propane with their counterparts, diesel and gasoline. This federal tax disparity for LNG and propane is perhaps the largest disincentive to converting large fleets to alternative fuel vehicles.
“LNG and propane are both clean, readily available fuels, produced in the United States,” said Laura Lane, President of UPS Global Public Affairs. “Removing this economic disincentive in the tax code will speed the penetration of LNG and propane vehicles into the marketplace, and expand the use of LNG and propane vehicles on America’s roadways.”
UPS has long been a leader in the use of alternative fuels for our fleet of vehicles and currently has more than 1,200 LNG tractors operating in its U.S. domestic network. By the end of 2015, UPS will have more than 1,000 propane fuel vehicles in its fleet. Removing the current federal tax disincentive is essential to encouraging additional investment in alternative fuels.
UPS welcomes the steps taken by Senator Bennet and Senator Burr to level the playing field for these domestic fuels and urges Congress to pass this common-sense solution.
Read more: ups.com