Fastenal Drives Toward the Future With an Electric Truck Pilot Program
February 26 2020 - 5:05PM
Business Wire
Penske Truck Leasing is Fastenal’s Electric Vehicle Support
Partner for the Pilot
Each business day, Fastenal trucks fuel up before heading out to
deliver industrial and construction supplies to surrounding
branches and customer locations. For one recent addition to the
Fastenal fleet, there’s a new twist to this daily ritual: Instead
of fueling up for its delivery route, this particular truck is
charging up.
As part of its sustainable distribution efforts, Fastenal is now
running a battery electric Freightliner eM2 straight truck to
service branches in the Los Angeles metro area. The venture stems
from a collaboration between Penske Truck Leasing and Daimler
Trucks North America to test commercial electric trucks in
real-world situations and drive future improvements to the
technology.
The eM2 began service in the Fastenal fleet in early January,
making deliveries of wide-ranging products to 28 Fastenal branches
and customer-specific Onsite locations – from Los Angeles to
coastal Orange County to the Inland Empire.
“We’re excited to help move this technology forward,” said Dan
Florness, Fastenal’s president and CEO. “It adds a new dimension to
our own sustainability efforts, and we believe it can offer some
insights to help bring electric trucks into wider commercial
use.”
The eM2 is ideally suited for local transportation of goods as
well as for last-mile deliveries – a good fit for Fastenal’s
customer-centric distribution model, providing a consistent flow of
product from regional hubs, to local markets, and ultimately to
customers’ points of use. The truck is part of Freightliner's
Electric Innovation Fleet, a 30-vehicle test fleet of Class 6/7 and
Class 8 trucks being used to test the integration of battery
electric trucks in large commercial fleets.
“We’re committed to helping customers like Fastenal accelerate
innovation within their truck fleet operations,” said Art Vallely,
president of Penske Truck Leasing. “Fastenal is an innovative
industry leader, and they’re now using the latest, leading-edge
electric vehicle technology available on the road today through
Penske’s co-creation efforts with the Freightliner Electric
Innovation Fleet.”
About Penske Truck Leasing
Penske Truck Leasing is a Penske Transportation Solutions
company headquartered in Reading, Pennsylvania. A leading global
transportation services provider, Penske Truck Leasing operates
more than 326,000 vehicles and serves customers from more than
1,100 locations in North America, South America, Europe, Australia
and Asia. Product lines include full-service truck leasing,
contract maintenance, commercial and consumer truck rentals, used
truck sales, transportation and warehousing management and supply
chain management solutions. Visit www.pensketruckleasing.com to
learn more.
About Fastenal
Fastenal helps customers simplify and realize product and
process savings across their supply chain. We sell a broad offering
of products spanning more than nine major product lines – from
fasteners and tools to safety and janitorial supplies. These
products are efficiently distributed to manufacturing facilities,
job sites, and other customer locations through local service teams
and point-of-use inventory solutions, including industrial vending
technology and bin stock programs (Fastenal Managed Inventory, or
FMI®). Our distribution system centers on over 3,200 in-market
locations (a combination of public branches and customer-specific
Onsite locations), primarily in North America but also in Asia,
Europe, and Central and South America, each providing tailored
inventory, flexible service, and custom solutions to drive the
unique goals of local customers. These in-market servicing
locations are supported by fifteen regional distribution centers, a
captive logistics fleet, robust sourcing, quality and manufacturing
resources, and multiple teams of industry specialists and support
personnel – all working toward Fastenal’s common goal of Growth
Through Customer Service®.
Additional information regarding Fastenal is available on the
Fastenal Company website at www.fastenal.com.
FAST-G
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200226005962/en/
Ellen Stolts Assistant Controller – Reporting and Reconciliation
507.313.7282
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From Sep 2023 to Sep 2024