The warehousing and distribution company, Performance Team, has recently purchased 16 Volvo VNR Electric Class 8 trucks to reduce its company's carbon emissions.
Performance Teams' new business venture marks the brand's largest sustainable purchase to date. The trucks will be used for local freight distribution across Southern California. This new purchase is in line with its ESG strategy, which aims to decarbonize its business model.
Performance Team has also ordered eight ocean-going container vessels from Hyundai Heavy Industries, which operate on carbon-neutral methanol. Jason Walker, the Executive Vice President of Operations of Performance Team, explains that its company has seen a 30% growth rate in its distribution business with a continuously growing consumer demand. As a result, the company plans to launch this pilot sustainable distribution program and determine the next steps in expanding its electric infrastructure.
Heavy-Duty Electric Distribution Trucks
Performance Team Launches an Electric Distribution Pilot
Trend Themes
1. Electric Heavy-duty Distribution Trucks - Performance Team's recent purchase of electric Class 8 trucks highlights a growing trend in sustainable distribution services.
2. Decarbonization in Logistics - Performance Team's ESG strategy for decarbonizing its business model points to an industry-wide trend of prioritizing sustainability in the logistics sector.
3. Adoption of Carbon-neutral Fuel - Performance Team's order of container vessels that operate on carbon-neutral methanol signals a trend towards more eco-friendly fuel alternatives.
Industry Implications
1. Logistics - Performance Team's purchase of electric trucks and shift towards sustainable distribution highlights the logistics industry's push towards creating a more eco-friendly supply chain.
2. Automotive - The adoption of electric heavy-duty trucks in the industry speaks to the automotive sector's investment in creating a more sustainable transportation infrastructure.
3. Renewable Energy - Performance Team's investment in carbon-neutral methanol highlights the renewable energy industry's potential to play a major role in fueling the logistics sector's decarbonization efforts.