Skip to content
Search AI Powered

Latest Stories

Climate group collects aggregated demand for green trucking

Center for Green Market Activation says “book-and-claim” approach can overcome hurdles to expanding zero-emission vehicle fleets in freight sector.

GMA Screenshot 2024-08-30 at 1.47.25 PM.jpg

The climate non-profit group Center for Green Market Activation (GMA) is reaching out to freight carriers to gather information on their existing zero-emission vehicle (ZEV) deployments, interest in expanding ZEV fleets, experience with renewable energy and green fuels, and preferences around multi-year offtake terms.

Toward that goal, the group has now opened a request for information (RFI) to fleets. And GMA says it is on track to launch its first pilot procurement of zero-emission trucking service this Fall.


When that begins, GMA says it will bundle demand from shippers, so carriers with green trucks will have guaranteed loads to carry. In that way, GMA Trucking and its member companies aim to overcome traditional decarbonization hurdles by using a “book-and-claim” system for heavy-duty road transportation, thus scaling up the adoption of zero-emission heavy-duty trucks.

According to the group, that approach is also used in other markets, such as renewable electricity certificates (RECs), sustainable aviation fuel certificates (SAFc), and, recently, maritime services. Such systems have proven catalytic to market adoption and acceleration of critical technologies and offer a replicable model to drive the decarbonization of other high-emitting industries, GMA said.

"Heavy duty trucking accounts for more than 3% of global carbon emissions.  Yet, as in other hard-to-abate sectors, deployment of decarbonized solutions has been painfully slow," Kim Carnahan, GMA CEO, said in a release. "With this announcement, GMA member companies have the opportunity to take demand aggregation where it's needed most, applying the book-and-claim model to road freight in order to rapidly accelerate the adoption of zero-emission trucks."

Founding members of the GMA Trucking buyers' alliance, which launched in September 2023, include companies such as PepsiCo, Meta, eBay, REI Co-op, and Green Worldwide Shipping. By aggregating their business, GMA Trucking is targeting preliminary volumes for battery electric or hydrogen fuel cell vehicles of up to 110 million ton-miles (or seven million miles with a weighted average payload of 14 tons) per year.

As well as keeping existing green trucks busy, shipping that way will help GMA Trucking members purchase attributes to make progress towards their greenhouse gas targets and send a strong demand signal to carriers, OEMs, and infrastructure providers to continue investments in zero-emission transportation services.

Also this week, GMA Trucking said it has formalized its strategic partnership with the Smart Freight Centre (SFC), an international non-profit organization based in the Netherlands that is focused on reducing greenhouse gas emissions from freight transportation.

"The Smart Freight Centre has been focused on book-and-claim systems for many years because they create the flexibility needed to drive greater investment into low-carbon transportation solutions," Christoph Wolff, CEO of Smart Freight Centre, said in a release. "Our Fleet Electrification Coalition also channels aggregated demand for electric trucking services towards collaborative real-world projects. We look forward to contributing our tools, guidance materials, and expertise to help this program succeed and more rapidly decarbonize the road freight sector."

 

 

 

Recent

More Stories

aug24-lmi_orig.png

Logistics economy expanded in August

Economic activity in the logistics industry expanded in August, though growth slowed slightly from July, according to the most recent Logistics Manager’s Index report (LMI), released this week.

Keep ReadingShow less

Featured

GEODIS_Teammate_During_Peak_Season_Photo_Credit_Eli_Hiller.jpg

Geodis kicks off peak season hiring boom with 3,700 seasonal jobs

The winter peak season hiring boom has begun, as logistics service provider (LSP) Geodis said Thursday that it plans to hire 3,700 seasonal workers across its warehouses and distribution centers in the U.S. and Canada to help manage the expected rise in volumes.

That hiring surge marks a significant jump in relation to the company’s nearly 17,000 current employees across North America, adding 21% more workers.

Keep ReadingShow less
photo-1556740772-1a741367b93e.jpeg

NRF: U.S. is on the cusp of nailing a “soft landing” in inflation fight

With the economy slowing but still growing, and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to the National Retail Federation (NRF).

“The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of 2024,” NRF Chief Economist Jack Kleinhenz said in a release. “Instead, it appears that the economy is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation.”

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
seegrid CR1_Renders_1-2_11zon.png

Seegrid lands $50 million backing for autonomous lift trucks

Seegrid Corp., which makes autonomous mobile robots (AMRs) for pallet material handling, has landed $50 million in new financial backing to accelerate its autonomous lift truck initiatives, which are generating more growth than expected, the company said today.

“Unrelenting labor shortages and wage inflation, accompanied by increasing consumer demand, are driving rapid market adoption of autonomous technologies in manufacturing, warehousing, and logistics,” Seegrid CEO and President Joe Pajer said in a release. “This is particularly true in the area of palletized material flows; areas that are addressed by Seegrid’s autonomous tow tractors and lift trucks. This segment of the market is just now ‘coming into its own,’ and Seegrid is a clear leader.”

Keep ReadingShow less