Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Loblaw Companies Limited on Thursday announced plans to buy 5 Class 8 T680 hydrogen fuel cell electric vehicles from Kenworth, which have a range of over 700 kilometers.

The new vehicles are expected to provide Loblaw with greater flexibility to complete long-haul zero-emission deliveries.

The T680 EVs are powered by Toyota fuel cell technology and equipped with Toyota’s 310kW Dual Motor Assembly, which provides 415 horsepower continuously at a maximum payload of 82,000 lbs.

Alongside the order from Kenworth, Loblaw also has nearly 35 battery electric vehicles on order from other manufacturers, it said.

“We’re a large company, operating an extensive supply chain network to stock stores in thousands of Canadian communities. That means our trucks are on the road in every province and territory, which creates a large footprint,” Rob Wiebe, Chief Administrative Officer for Loblaw Companies Limited, said in a press release.

“We see the opportunity to fight climate change and know we have a responsibility to find new ways to cut our carbon emissions. As technologies advance, we will advance too,” Wiebe added.

Earlier this year, the company put its first 2 electric commercial Class 8 day-cab vehicles to service, making short-haul deliveries from its distribution center in Boucherville, Quebec, to stores located across the Greater Montreal Area.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/CAD trading forecast for MondayForex Market: EUR/CAD trading forecast for Monday Friday’s trade saw EUR/CAD within the range of 1.4317-1.4433. The pair closed at 1.4393, losing 0.18% on a daily basis, while gaining 1.77% for the whole week.FundamentalsEuro zoneEuro zone current accountThe surplus on Euro […]
  • Commodities trading outlook: gold, silver and copper futuresCommodities trading outlook: gold, silver and copper futures Gold and silver futures were deeper in the negative during midday trade in Europe today, backing off from four-month highs, as traders await key speeches and reports this week. Meanwhile, copper futures were also lower, ahead of key Chinese […]
  • Forex Market: AUD/USD trading outlook for January 4thForex Market: AUD/USD trading outlook for January 4th Thursday’s trade saw AUD/USD within the range of 0.7263-0.7327. The pair closed at 0.7280, shedding 0.10% on a daily basis, while extending the loss from the prior trading day. The daily high was a lower-high test of the high from December […]
  • Sterling Advances as Traders Await Fed Decision and UK GDP DataSterling Advances as Traders Await Fed Decision and UK GDP Data Key Moments GBP/USD trades around 1.3305, holding above key technical support after breaking a major confluence zone. Markets are pricing in nearly a 90% chance of a 25 bps Fed rate cut, which would take the US policy range […]
  • RadioShack share price down, tries to reduce store densityRadioShack share price down, tries to reduce store density RadioShack Corp has picked up the pace in store closures in line with its plan to reduce size, but the struggling electronics retailer is a long way from done.RadioShack has shut down more stores in the past two months compared to the rest […]
  • Forex Market: AUD/USD daily trading outlookForex Market: AUD/USD daily trading outlook Yesterday’s trade saw AUD/USD within the range of 0.6826-0.6929. The pair closed at 0.6873, going up 0.22% on a daily basis. It has been the 3rd gain in the past 11 trading days. In addition, the daily low was a higher-low test of the low from […]