🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Ryder System to add 4,000 electric vans to its fleet

Published 04/03/2023, 10:28 AM
Updated 04/03/2023, 10:30 AM
© Reuters. FILE PHOTO: A general view of ZEVO600 by automaker General Motors (GM) Brightdrop unit's CAMI EV Assembly, Canada's first full-scale electric vehicle manufacturing plant, in Ingersoll, Ontario, Canada December 5, 2022.  REUTERS/Carlos Osorio
R
-

(Reuters) - Logistics and transportation company Ryder System Inc (NYSE:R) said on Monday it plans to add 4,000 electric vans to its lease and rental fleet through 2025, with some vehicles to be available as early as this summer.

The electric vans will comprise General Motor Co's BrightDrop Zevo 600 and Zevo 400 vans. The company said the first 200 vehicles will be ordered this year.

The move comes as the trucking industry is expected to face tougher greenhouse emissions regulations this year.

© Reuters. FILE PHOTO: A general view of ZEVO600 by automaker General Motors (GM) Brightdrop unit's CAMI EV Assembly, Canada's first full-scale electric vehicle manufacturing plant, in Ingersoll, Ontario, Canada December 5, 2022.  REUTERS/Carlos Osorio

"Electrifying lease and rental vehicles can have a significant impact on transportation-related emissions," Steve Hornyak, chief commercial officer for BrightDrop said.

Ryder plans to deploy model year 2023 Zevo 600 electric vans in its rental fleet in California, Dallas-Fort Worth, and New York City later this year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.