Business
J.B. HUNT TO PURCHASE 13 ZERO-EMISSION NIKOLA TRUCKS
Initial agreement to include 10 battery-electric and three hydrogen fuel cell electric Class 8 trucks PHOENIX and LOWELL, Ark., July 31, 2023 /PRNewswire/ --
About this update from J.b. Hunt Transport Services, Inc.
[{"type":"text","content":"Initial agreement to include 10 battery-electric and three hydrogen fuel cell electric Class 8 trucks\nPHOENIX and LOWELL, Ark., July 31, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and J.B. Hunt Transport Services Inc. (Nasdaq: JBHT), one of the largest supply chain solutions providers in North America, today announced an agreement in which subsidiary J.B. Hunt Transport Inc. will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on its sustainability efforts and reducing the intensity of its carbon emissions.\n\n \n \n \n \n \n \n\n \n\"It's important for us to be at the forefront of new technologies and innovative solutions that have the potential to change the way we move freight,\" said Nick Hobbs, chief operating officer and president of contract services at J.B. Hunt. \"These zero-emission trucks from Nikola advance our progress towards achieving our ambitious goal to reduce carbon emission intensity through viable solutions.\"\nThe initial truck order will include 10 battery-electric and three hydrogen fuel cell electric vehicles, with delivery of the first vehicles expected in August 2023. These trucks will be strategically located at facilities servicing J.B. Hunt's key routes, including in the greater Los Angeles and Phoenix areas. Nikola's hydrogen arm, HYLA, will supply the hydrogen and fueling infrastructure.\n\"We are thrilled that the industry leader for supply-chain solutions has chosen our Nikola Class 8 battery-electric and hydrogen fuel cell electric trucks to use for their operations,\" said Nikola CEO Michael Lohscheller. \"Their purchase and use of these zero-emissions trucks are a testament to the hard work of our engineering, development and manufacturing teams, who created a robust, highly advanced truck lineup, as well as our HYLA hydrogen infrastructure solutions, which are designed to benefit companies such as J.B. Hunt.\"\nJ.B. Hunt is committed to helping drive the industry toward a low-carbon future and reducing its environmental impact. In November 2022, the company set an ambitious goal to reduce carbon emission intensity 32% by 2034 (with a 2019 baseline). Incorporating alternative powered equipment into its fleet is one of three ke...