Boston, MA 03/20/2014 (wallstreetpr) –Deutsche Post AG (ETR:DPW) which recently posted strong performance and issued encouraging guidance for the current fiscal year, announced it will extend its trial of alternative fuel vehicles. The company said it signed a letter of intent with electric car maker Renault. The arrangement will see the company increase its adoption of alternative fuel cars produced by the European auto manufacturer.
Deutsche Post already uses a number of vehicle models from Renault, but the new framework will expand its usage of the vehicles to include models like Renault Kangoo vans. The company currently runs more than 304 Renault alternative fuel vehicles which include Twizy, Kangoo ZE and ZOE. Deutsche Post uses its fleet of electric vehicles from Renault for shipments in Germany, France, Belgium and Denmark.
Reducing carbon footprint
Deutsche Post AG (ETR:DPW) uses cars running on alternative but clean fuel to enable it take its resolution to trim its carbon footprint to higher levels. The company has a target to improve its greenhouse gas efficiency across its business operation by 30 percent in 2020, from the levels witnessed in 2007.
As such, the company looks to more acquisition of alternative fuel vehicles this year and the years ahead. As at present the company has more than 10,500 vehicles running on alternative fuel. These include a fleet of 300 hybrid vehicles and about 2,500 running on gas, biofuel or ethanol.
Deutsche Post AG (ETR:DPW) said alternative drives are suitable for its urban deliveries as they are not only efficient in terms of operating cost, but also produce low noise. The company hopes that its intent to get more of alternative fuel vehicles from Renault will enable the automaker to expand its brand of electric cars to more markets around the world.
Takeaway
Deutsche Post AG (ETR:DPW) is expecting to experience growth in its international courier business. The company noted recovery in Europe and boom in online shopping across the world as able to fuel the desired growth.
