Press release
Fastenal Launches Operational Trial to Electrify Select Fleet Trucks
WINONA, Minn.--(BUSINESS WIRE)-- Fastenal Company (Nasdaq: FAST) has begun an operational trial with e-mobility solutions provider ZEVX™ to convert select
About this update from Fastenal Company
[{"type":"text","content":" WINONA, Minn.--(BUSINESS WIRE)--\nFastenal Company (Nasdaq: FAST) has begun an operational trial with e-mobility solutions provider ZEVX™ to convert select pickup trucks in its final-mile delivery fleet to electric vehicles. Having completed a proof-of-concept trial with a single converted vehicle, Fastenal and ZEVX are now conducting a six-state trial using the ZEVX battery electric powertrain and power system products to electrify up to 16 trucks in 2023.\n\n\nThe trial reflects Fastenal's ongoing commitment to test and, when feasible, operationalize battery electric technology in its fleet of 700-plus commercial motor vehicles and 8,200-plus last-mile delivery vehicles. In recent years, the company also participated in a fleet-electrification collaboration program with Penske Truck Leasing and Daimler Trucks North America, which included running two electric straight trucks for 18 months and also completing a short-term pilot of a pre-series electric Class 8 semi-truck. Earlier this year, Fastenal purchased an Orange EV electric yard tractor for its Indianapolis distribution center, and the vehicle went into operation in July.\n\n\nZEVX is an innovator of battery electric power systems and data intelligence for e-mobility applications. The company has a series of battery electric powertrain and power system products that quickly migrate gas-powered Class 2 to 5 fleet assets to zero carbon.\n\n\n\"We are committed to helping Fastenal incorporate EV technology in its last-mile delivery fleet,\" said Sydney Dunn, SVP of Sales & Field Operations at ZEVX. \"We share the bold goals of lowering carbon emissions while improving efficiencies, decreasing costs, and extending the life of existing commercial vehicles.\"\n\n\n\"With so many vehicles in operation around the world, we want to be a driver of innovation and efficiency in commercial transportation,\" said Kevin Larson, Fastenal's VP of Transportation. \"We're constantly looking at new solutions like the ZEVX technology to help move the industry forward and potentially accelerate our own carbon reduction journey.\"\n\n\nAbout ZEVX\n\n\nZEVX is a worldwide leader in intelligent EV systems powering commercial Class 2 to 5 vehicles, power takeoff, reefer refrigeration, and EV infrastructure such as charging stations. ZEVX has a series of battery electric powertrain and power syst...