- Transport company, CN (CNR) has signed a Memorandum of Understanding with The Lion Electric Company, for 50 zero-emission trucks
- This order is the result of a pilot program testing The Lion Electric Co’s electric trucks, which CN launched in April 2019
- CN will acquire the trucks for use in the company’s intermodal terminals, in order to reduce greenhouse gas emissions
- To date, this is the largest order which The Lion Electric Co has received for its trucks
- CN (CNR) is down 1.62 per cent and is currently trading at $137.04 per share
Transport company, CN (CNR) has signed a Memorandum of Understanding with The Lion Electric Company, for 50 zero-emission trucks.
Under the MOU, CN will acquire the vehicles and add them to the company’s fleet of trucks. The trucks will be used in CN’s intermodal terminals in urban areas, in order to reduce greenhouse gas emissions.
The Lion Electric Co’s electric, zero-emission trucks do not produce any noise pollution. By replacing other trucks, they will also remove 100 tons of greenhouse gas emissions from the road annually.
This order for 50 trucks is the result of a pilot program to test The Lion Electric Co’s electric trucks, launched by CN in April 2019. The testing would involve a variety of situations and environments across CN’s transport network, including urban delivery, container shuttle service, and port operations.
To date, this is the largest order which The Lion Electric Co has received for its eco-friendly trucks.
CN’s President and CEO, Jean-Jacques Ruest, commented on the company’s collaboration with The Lion Electric Co.
“CN has been headquartered in Montreal for more than 100 years and our company employs several thousand people in Quebec, so we are very pleased to support innovation in Quebec.
“This agreement is also part of our commitment to encourage economic recovery and reduce the carbon footprint of the global supply chain.
“The regulatory regime put in place by the federal government ensures an environment conducive to such investments,” he said.
CN (CNR) is down 1.62 per cent and is currently trading at $137.04 per share at 1:16pm EDT.