FedEx orders 2,000 electric trucks from Harbinger to cut diesel costs
FedEx has placed an order for 2,000 all‑electric medium‑duty box trucks from startup Harbinger. The trucks are slated for delivery beginning in 2027 and are expected to operate for 20 years. Harbinger estimates the fleet will save FedEx about $20,000 in fuel each year per truck, totaling roughly $800 million in diesel savings over the vehicles’ life. The company says the purchase supports its goal of fully electrifying its fleet by 2040.
Why it matters
The company expects the $800 million fuel‑cost reduction to improve its operating margin over the next two decades (FedEx statement). Analysts note the large order underscores growing demand for electric commercial vehicles, which could benefit suppliers in the EV truck market.
Key facts
- 1FedEx ordered 2,000 electric Class 5 and 6 box trucks from Harbinger. electrek.co
- 2Harbinger estimates each truck will save about $20,000 in fuel per year compared with a diesel truck. electrek.co
- 3The trucks are designed for a functional service life of 20 years. electrek.co
- 4FedEx aims to fully electrify its operating fleet by 2040. electrek.co
- 5Harbinger says the order is worth more than $300 million. electrek.co
- 6FedEx expects total fuel savings of about $800 million over the 20‑year life of the trucks. electrek.co
Open questions
- Material 1 reports the purchase price as “over $200 million”, while Material 2 states it is “more than $300 million”.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.