• Loblaw, operator of Loblaws grocery stores, plans to purchase five Class 8 T680 hydrogen fuel cell electric vehicles (FCEV) from Kenworth
  • The vehicles have a range of over 700 km and incorporate the latest carbon-free technology, enabling the company to conduct long-haul zero-emission deliveries
  • The company intends to electrify its short-haul day-cab truck fleet by 2030 and attain net-zero carbon emissions enterprise-wide by 2040
  • Loblaw Companies is Canada’s largest food retailer with over 2,400 stores operating under 22 regional and market segment banners
  • Loblaw Companies (TSX:L) opened today at $118.57

Loblaw, operator of Loblaws grocery stores, plans to purchase five Class 8 T680 hydrogen FCEVs from Kenworth, a leading truck manufacturer.

These vehicles, equipped with the latest carbon-free technology, have a range of over 700 km and will allow the company to undertake long-haul zero-emission deliveries, filling a gap that previously lacked a viable decarbonized solution.

This purchase contributes to Loblaw’s expanding zero-emission fleet, which already includes two electric commercial Class 8 day-cab vehicles for short-haul deliveries in the Greater Montreal Area. In addition to the hydrogen FCEVs, the company has placed orders for approximately 35 battery electric vehicles from different manufacturers, with many expected to be in operation by the end of 2024.

By adopting these advanced technologies, Loblaw aims to combat climate change and reduce carbon emissions across its extensive supply chain network serving thousands of communities across Canada.

The company aims to electrify its fleet of short-haul day-cab trucks by 2030 and achieve net-zero carbon emissions enterprise-wide by 2040.

Loblaw Companies is Canada’s largest food retailer with over 2,400 stores operating under 22 regional and market segment banners.

Loblaw Companies (TSX:L) opened today at $118.57.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.


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