Frito-Lay just made its first EV delivery in an eCascadia electric semitruck
US snack giant Frito-Lay North America has partnered with trucking company Schneider to make its first third-party delivery in a Freightliner eCascadia electric semitruck.
PepsiCo is Frito-Lay’s parent company, and this is PepsiCo’s first-ever third-party EV transportation shipment globally.
Third-party transportation and distribution – that means transportation and distribution are outsourced – creates 20% of PepsiCo’s emissions, so collaboration with partners that distribute its products using EVs is critical in order for PepsiCo to reach its goal of net zero by 2040.
Rob Reich, executive vice president and chief administrative officer of Schneider, said:
As we roll out our fleet of almost 100 new battery electric trucks, we’re thrilled to offer a cleaner mode of freight transportation to valued customers like Frito-Lay, who share our goal of operating in ways that are environmentally responsible.
Schneider bought almost 100 eCascadia trucks from Freightliner, a division of Daimler Truck North America, and it expects to have all of its full new electric semi fleets by the end of the year.
The eCascadia electric semi truck has two battery capacity offerings. The 438 kWh battery provides a driving range of 230 miles on the 4×2 configuration or 220 miles on the 6×4 configuration. The 291 kWh battery provides a range of 155 miles on the 4×2 configuration. Freightliner states on its website that the eCascadia can charge from 0-80% in as little as 90 minutes.
Initial Frito-Lay shipments using Schneider’s Freightliner eCascadia fleet will be intermodal inbound and outbound dray moves in Southern California, including service to Frito-Lay’s Rancho Cucamonga distribution center.
An emissions reduction of more than 70% is expected this year from Frito-Lay’s initial EV routes, compared to the same shipments on diesel trucks. Frito-Lay says that’s the equivalent of eliminating more than 180,000 miles driven by gas-powered passenger vehicles.
The big snack company introduced 40 Ford eTransit route trucks in a pilot in Dallas-Fort Worth in 2022. It also launched a sustainable facility in Modesto, California, in January, where numerous types of EVs are being operated.
Read more: Electric medium- and heavy-duty trucks will be cheaper than diesel trucks by 2035
Photo: Frito-Lay North America
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.
FTC: We use income earning auto affiliate links. More.
Environment
Bloom Energy shares soar more than 30% after striking deal with Brookfield to provide fuel cells to AI data centers
Environment
JPMorgan Chase says it will invest $10 billion into industries critical for national security
JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.
The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced manufacturing.
The money is part of a broader effort, dubbed the Security and Resiliency Initiative, in which JPMorgan said it will finance or facilitate $1.5 trillion in funding for companies it identifies as crucial. It said the total amount is 50% more than a previous plan.
“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in the release.
As the biggest American bank by assets and a Wall Street juggernaut, JPMorgan was already raising funds and lending money to companies in those industries. But the move helps organize the company’s activities around national interests at a time of heightened tensions between the U.S. and China.
On Friday, markets tumbled as President Donald Trump announced new tariffs on Chinese imports after the major U.S. trading partner tightened export controls on rare earths.
In the release, Dimon said that the U.S. needs to “remove obstacles” including excessive regulations, “bureaucratic delay” and “partisan gridlock.”
JPMorgan said that within the four major areas, there were 27 specific industries it would look to support with advice, financing and investments. That includes areas as diverse as nanomaterials, autonomous robots, spacecraft and space launches, and nuclear and solar power.
“Our security is predicated on the strength and resiliency of America’s economy,” Dimon said. “This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers.”
The bank said it would hire an unspecified numbers of bankers and create an external advisory council to support its initiative.
This story is developing. Please check back for updates.
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports2 years agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports3 years agoButton battles heat exhaustion in NASCAR debut
-
Sports3 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment1 year agoHere are the best electric bikes you can buy at every price level in October 2024