FedEx orders 2,000 Harbinger electric trucks in $300M deal

FedEx has placed an order for 2,000 all-electric Class 5 and 6 box trucks from startup Harbinger in a deal worth over $300 million. The company expects to save about $20,000 per truck per year in fuel costs and $800 million over 20 years, while avoiding 1.7 million tons of CO2 emissions.

• Order covers 2,000 Harbinger electric box trucks worth over $300 million
• Fuel savings estimated at about $20,000 per truck per year vs diesel
• 20-year service life yields up to $800 million in total savings
• FedEx aims to fully electrify its fleet by 2040