Market Chatter: Westport Fuels Up Near 50% In US After Hours As Amazon Orders More Than 1,000 Natgas Engines For U.S. Truck Fleet
04:43 PM EST, 02/05/2021 (MT Newswires) -- Amazon.com Inc has ordered more than 1,000 truck engines that run on compressed natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday.
According to the report, the engines, supplied by a joint venture between Cummins Inc and Westport Fuel Systems Inc, (WPRT.TO, WPRT) are to be used for Amazon's heavy duty trucks that run from warehouses to distribution centers. They can operate on both renewable and non-renewable natural gas, according to two sources familiar with the matter.
(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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