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Dive Brief:
- Schneider National is testing a hydrogen truck, executives revealed during its Morgan Stanley Annual Laguna Conference on September 12.
- EVP and CFO Stephen Bruffett he said the carrier is in the early stages of testing, but the costs associated with the technology may pose challenges.
- Despite that hurdle, he noted how incentives could make the technology more of a reality, similar to what’s now widely available for electric truck adoption.
Dive Insight:
Companies with their own fleets as well as trucking companies have made various efforts to reduce carbon emissions.
Walmart — which manages a fleet of 10,000 tractors — debuted an initial line of CNG tractors in May, with engines developed by Cummins as part of the retailer’s goal to reach zero emissions by 2040. Texas-based Performance Food Group, in partnership with Hyzon Motors, held made its first deliveries to eight customers earlier this month using an electric liquid hydrogen truck.
Wisconsin-based Schneider unveiled its plan for a more sustainable future in March 2021. The initiative to reduce carbon emissions included doubling the size of the intermodal transport fleet by 2023 and a commitment to reduce carbon emissions by 7.5% per mile by 2025.
During the conference, EVP and Transportation and Logistics Group President Jim Filter he said The availability of federal and state grants prompted the company to focus its electrification investments in California, where it opened a charging depot in South El Monte in June. Intermodal Business Center.
Adopting new technology is expensive, Filter said.
“Now, as it stands today, there is absolutely no financial framework to support this as it stands today,” Filter told analysts. “It’s just not possible without significant grants.”