2023-04-03 07:21:47 ET
Ryder System Inc. ( NYSE: R ) announced on Monday that it plans to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025. The first 200 electric vans will be ordered this year.
Ryder ( R ) said the announcement underscores its ongoing efforts to meet rising demand across the transportation and logistics industries for commercial electric vehicles. "We aim to make fleet electrification as seamless as possible by investing in alternative vehicle solutions to offer sustainable and economic advantages for our customers,” says Ryder exec Tom Havens.
The Zevo 600 and Zevo 400 electric vans boast a range of up to 250 miles on a full charge, and can support a payload of about 2,000 to 3,400 lbs.
BrightDrop is a wholly owned subsidiary of General Motors. The business is noted to offer a system of connected products targeting first- and last-mile delivery customers, including light commercial electric vehicles, ePallets, and cloud-based software.
Shares of Ryder ( R ) moved up 0.55% in premarket trading on Monday. GM
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Ryder orders 4K electric vehicle vans from GM's BrightDrop