Monday, July 22, 2024

Schneider’s Electric Truck Fleet Hits 1 Million Emission-Free Miles

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Schneider National Inc., a player in freight logistics, is marking a significant achievement in the commercial electric vehicle (EV) space as its fleet of electric trucks, supplied by Daimler’s Freightliner brand, has surpassed an impressive 1 million miles – all accomplished without generating any carbon emissions.

Known for its distinctive bright orange trucks, Schneider National Inc. (ticker symbol: $SNDR) brings not just freight but also more than 85 years of transportation expertise, contributing to an annual revenue exceeding $6.6 billion.

Schneider has emerged as an early adopter of sustainable freight alternatives in the commercial segment, with a focus on electric trucks, notably the eCascadia from Daimler Trucks-owned Freightliner. The company collaborated with Daimler Trucks North America to pilot the early eCascadia trucks from 2019 to 2020, and this initiative has evolved into a current fleet of nearly 100 electric vehicles.

To support the expanding fleet of vibrant orange electric trucks navigating the roads, Schneider unveiled a substantial charging hub at its operations center in California, situated east of downtown Los Angeles, earlier this year. Capable of fast charging up to 32 electric trucks simultaneously, the hub played a crucial role in accelerating Schneider’s electric vehicle deployment, contributing to the milestone achievement announced today.

Since commencing freight transportation with electric trucks in January, Schneider reports that its fleet has grown to include 92 Daimler eCascadia battery electric vehicles (BEVs) and two all-electric yard spotters. During this period, the company has successfully covered over 1 million miles, avoiding approximately 3.3 million pounds of carbon emissions.

Schneider emphasizes that the carbon savings achieved through the use of electric trucks are equivalent to removing more than 330 gas-powered passenger vehicles from the road for an entire year. Notable contributors to this milestone include companies like Goodyear and Frito-Lay North America. David Allen, Vice President and Chief Sustainability Officer at PepsiCo Foods North America, highlighted their collaboration with Schneider and its electrification strategy:

“Frito-Lay’s strides in eliminating Scope 3 emissions were exemplified this year through our first-ever third-party electric vehicle shipment with Schneider. As the first to contract transport on Schneider’s eCascadia fleet, our collaboration serves as a blueprint for how Frito-Lay and PepsiCo are working alongside our transportation partners to build a sustainable food system and reach our PepsiCo Positive net-zero emissions goal by 2040.”

To commemorate this sustainability milestone, Schneider’s President and CEO, Mark Rourke, is set to ring the New York Stock Exchange (NYSE) closing bell on November 21. Looking ahead, Schneider expresses its commitment to achieving a 7.5% reduction in per-mile emissions by 2025 and an ambitious 60% reduction by 2035. The company’s progress report indicates that it is already more than halfway to its 2025 emissions reduction goal.

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