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2 clusters · 8 sources · 6 days · First seen 27 days ago · Last updated 22 days ago

FedEx electric truck fleet expansion

Overview

FedEx has initiated a significant transition toward electric vehicle use by ordering 2,000 all-electric medium-duty trucks from startup Harbinger Motors. The deal, valued at over $300 million, aims to replace internal combustion engine vehicles across FedEx operations in the United States and Canada, with full delivery of the fleet expected by the end of 2027.

This move aligns with FedEx’s stated objective to ensure all parcel delivery vehicle purchases are electric by 2030. The agreement builds upon a previous partnership in which FedEx co-led Harbinger’s $160 million Series C financing round.

Entities

FedEx · Harbinger Motors · Volvo Trucks · Renault Trucks · GEODIS

Timeline

22 days ago

[BUSINESS] 2 sources
GEODIS and FedEx expand electric truck fleets for global operations
Logistics giants GEODIS and FedEx are investing heavily in electric truck fleets, with GEODIS ordering 110 heavy-duty trucks for Europe and FedEx committing $300 million for 2,000 medium-duty trucks in North Am
27 days ago

[BUSINESS] 6 sources
FedEx orders $300M worth of electric trucks from Harbinger
FedEx is ordering 2,000 electric trucks from startup Harbinger Motors in a deal worth over $300 million to support its goal of all-electric parcel delivery by 2030.

Sources

digitalmarketreports.com · indiashippingnews.com · motortransport.co.uk · sustainabletruckvan.com · techcrunch.com · theNEXTweb.com · ttnews.com · wwd.com