FedEx places $300 million order for 2,000 Harbinger electric trucks
FedEx has contracted California‑based Harbinger to supply 2,000 medium‑duty electric trucks. The deal, valued at more than $300 million, will replace diesel vans in the United States and Canada. FedEx says the trucks will cut fuel costs by about $20,000 per vehicle each year and help the company meet its goal of a fully electric fleet by 2040. Delivery of the vehicles is expected by late 2027.
Why it matters
The company expects to save roughly $800 million in fuel expenses over the trucks’ 20‑year service life, which could improve operating margins. The large capital outlay also signals FedEx’s commitment to fleet electrification, a trend that may influence other logistics firms.
Key facts
- 1FedEx ordered 2,000 electric Class 5 and 6 trucks from Harbinger. ua.news
- 2The contract value may exceed $300 million. ua.news
- 3Each truck is projected to save about $20,000 per year in fuel costs. electricautonomy.ca
- 4Harbinger estimates total fuel savings of $800 million over a 20‑year service life. electricautonomy.ca
- 5FedEx plans to fully electrify its operational fleet by 2040. ua.news
- 6Delivery of the vehicles is expected by late 2027. electricautonomy.ca
Open questions
- CO₂ emissions avoided: material 1 cites more than 1.7 million tonnes, while material 2 cites 1.5 million tonnes over 20 years.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.