Sysco Looks To Transform Vehicle Fleet - Read How

by Shivani Kumaresan, Benzinga Staff Writer

May 19, 2022 9:13 AM | 1 min read |

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.