Orange EV Terminal Trucks Selected by ABF Freight to Expand EV Fleet
Rhea-AI Summary
ABF Freight, an ArcBest company (ARCB), is expanding its electric vehicle fleet with additional Orange EV terminal trucks. Following an initial deployment of four trucks in June 2022, ABF has grown its fleet to nine vehicles and has ordered five more for 2025 deployments.
The expansion demonstrates ABF's confidence in Orange EV's equipment, which according to ABF Freight president Matthew Godfrey, meets their operational requirements for safe, reliable, and affordable service. The investment aligns with ABF's commitment to responsible environmental management while maintaining their service standards in the less-than-truckload (LTL) carrier sector.
Positive
- Fleet expansion from 4 to 9 EV terminal trucks, with 5 more ordered for 2025
- Successful operational implementation confirming reliability and performance
- Investment in sustainable technology potentially reducing operational costs
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ARCB declined 1.42%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"The Orange EV terminal trucks meet our operational requirements and expectations for safe, reliable, and affordable service and performance," said Matthew Godfrey, ABF Freight president. "We're committed to responsible environmental management, and our investment in EVs aligns with our continuous efforts to enhance efficiency while maintaining exceptional service standards."
By integrating Orange EV terminal trucks into its fleet, ABF Freight continues to provide industry-leading transportation services while embracing innovative solutions that enhance performance, sustainability, and driver experience.
About Orange EV
Orange EV is the leading manufacturer of
About ArcBest
ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company is developing ground-breaking technology like Vaux™, one of the TIME Best Inventions of 2023. For more information, visit arcb.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/orange-ev-terminal-trucks-selected-by-abf-freight-to-expand-ev-fleet-302409536.html
SOURCE Orange EV