CMI - Amazon Clicks Buy Orders Over 1000 Natural Gas Engines for Its Fleet
Demonstrating its ongoing commitment to tackling climate change, Amazon (NASDAQ: AMZN) is reducing the carbon footprint of its vehicle fleet. According to Reuters , Amazon has ordered more than 1,000 engines from a joint venture between Cummins (NYSE: CMI) and Westport Fuel Systems (NASDAQ: WPRT) . Citing a source familiar with the deal, Reuters reported that the more than 1,000 engines -- that will power Amazon's vehicles operating between warehouses and distribution centers -- are capable of running on both renewable and non-renewable gas.
In a statement regarding the deal provided to Reuters, the company said that "Amazon is excited about introducing new sustainable solutions for freight transportation and is working on testing a number of new vehicle types including electric, CNG [compressed natural gas], and others."
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Amazon Clicks Buy, Orders Over 1,000 Natural Gas Engines for Its Fleet