lease residuals

Behind Climate United’s historic $250M electric truck buy

Climate United’s plan to spend $250 million to purchase 500 Class 8 electric trucks makes a great headline. But beyond the benefit to owner-operators and small fleets, the impact involves the future of zero-tailpipe-emission freight hauling.

More than cleaning up the ports

Climate United is stewarding a $6.97 billion grant of Inflation Reduction Act (IRA) funds awarded by the Environmental Protection Agency. The immediate goal is to help clean up the nation’s ports, where older and dirtier trucks...

https://www.freightwaves.com/news/behind-climate-uniteds-historic-250m-electric-truck-buy

Unraveling the mystery of electric trucks’ residual values 

The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins.

Rich Mohr, senior vice president of North America ChargePoint, said the past is a prelude for what is happening with first-generation electric trucks.

Depreciating electric trucks to scrap value

“Three years ago, the biggest risk around fleets adopting electric vehicles was the residual value and the [anticipated] life of...

https://www.freightwaves.com/news/unraveling-the-mystery-of-electric-trucks-residual-values

Selling safer trucks into a pandemic

Car-truck accident

John Flynn remembers the horror he felt when a Walmart truck collided with Tracy Morgan’s limousine in June 2014, injuring the comedian and killing a friend in the limo. Settlements for more than $90 million three years later were chilling in a different way. 

“We started looking at safety shortly thereafter, and we were one of the first companies to put safety equipment in as, I won’t say it’s a mandate, but we told our customers we wanted to put safety [equipment] in all of the trucks,” said...

https://s29755.pcdn.co/news/selling-safer-trucks-into-a-pandemic