- Foodservice distribution company Sysco Corp SYY has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment.
- Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed.
- The first eCascadia delivery is expected to arrive at Sysco's Riverside, California site later in 2022.
- The move is expected to help Sysco in its goal of reducing direct carbon emissions by 27.5% by 2030.
- Daimler Truck North America is a subsidiary of Daimler Truck Holding AG DTRUY.
- Price Action: SYY shares closed lower by 6.06% at $80.71 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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