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Benzinga
Benzinga
Business
Shivani Kumaresan

Sysco Looks To Transform Vehicle Fleet - Read How

Sysco SYY Daimler Truck Holding AG NYSE California electric vehicle Riverside
  • Foodservice distribution company Sysco Corp (NYSE: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 (OTC:DTRUY).
  • Price Action: SYY shares closed lower by 6.06% at $80.71 on Wednesday.
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