Fastenal Launches Operational Trial to Electrify Select Fleet Trucks
12 Septiembre 2023 - 3:15PM
Business Wire
Fastenal Company (Nasdaq: FAST) has begun an operational trial
with e-mobility solutions provider ZEVX™ to convert select pickup
trucks in its final-mile delivery fleet to electric vehicles.
Having completed a proof-of-concept trial with a single converted
vehicle, Fastenal and ZEVX are now conducting a six-state trial
using the ZEVX battery electric powertrain and power system
products to electrify up to 16 trucks in 2023.
The trial reflects Fastenal's ongoing commitment to test and,
when feasible, operationalize battery electric technology in its
fleet of 700-plus commercial motor vehicles and 8,200-plus
last-mile delivery vehicles. In recent years, the company also
participated in a fleet-electrification collaboration program with
Penske Truck Leasing and Daimler Trucks North America, which
included running two electric straight trucks for 18 months and
also completing a short-term pilot of a pre-series electric Class 8
semi-truck. Earlier this year, Fastenal purchased an Orange EV
electric yard tractor for its Indianapolis distribution center, and
the vehicle went into operation in July.
ZEVX is an innovator of battery electric power systems and data
intelligence for e-mobility applications. The company has a series
of battery electric powertrain and power system products that
quickly migrate gas-powered Class 2 to 5 fleet assets to zero
carbon.
"We are committed to helping Fastenal incorporate EV technology
in its last-mile delivery fleet," said Sydney Dunn, SVP of Sales
& Field Operations at ZEVX. "We share the bold goals of
lowering carbon emissions while improving efficiencies, decreasing
costs, and extending the life of existing commercial vehicles."
"With so many vehicles in operation around the world, we want to
be a driver of innovation and efficiency in commercial
transportation," said Kevin Larson, Fastenal's VP of
Transportation. "We're constantly looking at new solutions like the
ZEVX technology to help move the industry forward and potentially
accelerate our own carbon reduction journey."
About ZEVX
ZEVX is a worldwide leader in intelligent EV systems powering
commercial Class 2 to 5 vehicles, power takeoff, reefer
refrigeration, and EV infrastructure such as charging stations.
ZEVX has a series of battery electric powertrain and power system
products that can quickly migrate commercial fleet assets to zero
carbon. ZEVX has a service mission to support customers through a
deep partner network using existing automotive service
infrastructure. This provides for rapid adoption through our
service network to install and deliver advanced data intelligence
from fleet asset customers to optimize their carbon transition. For
more information, please visit zevx.com.
About Fastenal
Fastenal provides a broad offering of industrial supplies,
including fastener, safety, and metal cutting products, to
manufacturing, construction, and state and local government
customers through more than 3,400 in-market locations (branches and
customer-specific Onsite locations) spanning 25 countries. With
continual investment in tailored local inventory, dedicated local
experts, and flexible FMI® (Fastenal Managed Inventory) and digital
solutions, Fastenal helps its business partners achieve product and
process savings across the supply chain – a "high-touch, high-tech"
approach encapsulated by its tagline, Where Industry Meets
Innovation™. Fastenal's local service teams are supported by 16
regional distribution centers, a captive logistics fleet, multiple
teams of industry specialists and support personnel, and robust
sourcing, quality, and manufacturing resources, enabling it to grow
by getting closer to customers and providing innovative and
comprehensive solutions to customer supply chain challenges.
Additional information regarding Fastenal is available on the
Fastenal Company website at www.fastenal.com.
Cautionary Note Regarding Forward-Looking Statements
This release includes forward-looking statements, which are
subject to risks and uncertainties. The forward-looking statements
contain words such as "goal," "potential," and similar expressions
and any sustainability goals, targets, and expectations are
long-term and inspirational and by their nature, include
forward-looking statements. Actual results may differ from those
set forth in the forward-looking statements due to a variety of
factors, including those described in Fastenal's ESG Report and
filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
Fastenal undertakes no obligation to update or revise any
forward-looking statements.
The information contained on the websites referenced in this
press release or connected to such websites are not incorporated by
reference into this press release and should not be considered a
part of this press release.
FAST-G
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Taylor Ranta Oborski Financial Reporting & Regulatory
Compliance Manager 507.313.7959
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