STOCK TITAN

Schneider’s first battery electric truck arrives in Southern California

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Schneider (SNDR), a leading provider of transportation and logistics services, recently announced the arrival of its first battery electric vehicle (BEV), the Freightliner eCascadia, in Southern California. This marks a significant step towards establishing one of the largest electric truck fleets in North America. Schneider plans to deploy almost 100 eCascadias, which are expected to be fully operational by the end of 2023. To support this initiative, the company is constructing 16 charging stations. The eCascadias could potentially eliminate over 81,000 pounds of CO2 emissions daily, enhancing Schneider's sustainability goals of reducing per-mile emissions by 7.5% by 2025 and 60% by 2035.

Positive
  • Schneider is set to deploy nearly 100 eCascadias, enhancing its fleet sustainability.
  • Expected to eliminate over 81,000 pounds of CO2 emissions daily.
  • Achieved over 5% reduction in CO2 emissions per mile, already exceeding half of its 2025 sustainability goal.
Negative
  • None.

The carrier is positioned to have one of the largest electric fleets in North America

GREEN BAY, Wis.--(BUSINESS WIRE)-- Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, announced today that the first of its new battery electric vehicles (BEVs) has arrived in Southern California.

Schneider eCascadia battery electric truck (Photo: Business Wire)

Schneider eCascadia battery electric truck (Photo: Business Wire)

The delivery of the first of almost 100 Freightliner eCascadias Schneider will receive from Daimler Truck North America (DTNA) is a highly anticipated moment for the carrier. Schneider anticipates the BEVs will be fully operational by the end of 2023, positioning the company to become one of the largest battery electric truck fleets in North America.

The eCascadias will join Schneider’s Southern California Intermodal operations. To power the BEVs, Schneider is constructing 16 charging stations.

The company looks forward to offering its customers the option to use a cleaner mode of shipping – pairing electric trucks with intermodal services results in a method of freight transportation with extremely low carbon emissions.

The eCascadias have the potential to avoid over 81,000 pounds of carbon dioxide emissions per day. Over the course of a year, that is equivalent to removing 2,400 gas-powered cars from the road.

Battery electric trucks are a crucial component in Schneider’s efforts to reach its sustainability goals of reducing CO2 per-mile emissions by 7.5% by 2025 and 60% by 2035. Schneider has already achieved more than half of its 2025 goal by reducing per-mile emissions by 5%. Battery electric trucks will help move the company even further toward these goals.

Schneider has long been committed to improving the sustainability of freight transportation. The company is regularly recognized by third parties and customers for those efforts. For example, Schneider has received the SmartWay Excellence Award from the Environmental Protection Agency (EPA) every year since the award’s inception. It was also awarded the PepsiCo Asset Sustainability Carrier of the Year in 2021 due to more than 20 years of service and actionable sustainability commitments in support of the international food and beverage company.

For more information on Schneider’s sustainability and innovation efforts, please visit: https://schneider.com/company/corporate-responsibility.

About Schneider

Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Source: Schneider SNDR

Kara Leiterman, Media Relations Manager

M 920-370-7188

leitermank@schneider.com

Source: Schneider SNDR

FAQ

What is Schneider's plan for battery electric vehicles?

Schneider plans to deploy nearly 100 Freightliner eCascadia battery electric vehicles (BEVs) by the end of 2023.

How much CO2 emissions can Schneider's electric trucks eliminate?

Schneider's eCascadias could eliminate over 81,000 pounds of CO2 emissions daily.

When will Schneider have its electric trucks operational?

Schneider's electric trucks are expected to be fully operational by the end of 2023.

What are Schneider's sustainability goals?

Schneider aims to reduce CO2 per-mile emissions by 7.5% by 2025 and 60% by 2035.

How is Schneider improving its sustainability efforts?

Schneider is constructing 16 charging stations to support its battery electric vehicles initiative.

Schneider National, Inc.

NYSE:SNDR

SNDR Rankings

SNDR Latest News

SNDR Stock Data

5.13B
41.75M
49.7%
68.98%
2.39%
Trucking
Trucking (no Local)
Link
United States of America
GREEN BAY