UPS testing electric tricycle delivery bike in Switzerland

United Parcel Service Inc. (NYSE: UPS) has traded in four wheels for three on European roads as it tests a new electrically supported cargo bike. In Basel, Switzerland, the package shipping giant is experimenting with a battery-supported tricycle that can carry loads weighing up to 331 pounds. UPS wants to investigate the economic and ecological viability of the alternative mode of transportation for city-center delivery over a period of four weeks. “By using cargo bikes in a targeted manner,…
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