FedEx orders 2,000 electric trucks from Harbinger in $300M deal

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Published: 2026-10-01T06:15:32.851Z • Permanent link

FedEx, the US-based logistics and transportation company, has entered into a major deal with Harbinger Group, a US-based energy and transportation company, to order 2,000 electric trucks at a total cost of $300 million. The deal, which is reportedly the largest of its kind, is expected to help FedEx reduce its greenhouse gas emissions and comply with increasingly stringent environmental regulations. FedEx has been actively investing in electric and alternative fuel vehicles in recent years, and this deal marks a significant step forward in its efforts to accelerate the adoption of sustainable transportation solutions.

Harbinger Group, a diversified energy company with interests in solar, wind, and transportation, has been a key player in the development of the US electric truck market. The company's CEO, Christopher S. Mills, has been a vocal advocate for the adoption of electric vehicles, and has stated that the deal with FedEx represents a major milestone in the company's efforts to make a positive impact on the environment. FedEx, meanwhile, has been under increasing pressure from regulators and investors to reduce its carbon footprint, and has committed to reducing its greenhouse gas emissions by 50% by 2025.

The deal is expected to be finalized in the coming months, and will mark a significant milestone in the development of the US electric truck market. FedEx will be the first major US logistics company to order 2,000 electric trucks, and the deal is expected to set a new benchmark for the industry. Harbinger Group's CEO, Christopher S. Mills, has stated that the deal represents a major opportunity for the company to make a positive impact on the environment, and to position itself for long-term success in the rapidly evolving electric truck market.

The deal between FedEx and Harbinger Group has significant implications for the Global Infrastructure domain, and is likely to have far-reaching consequences for companies, research communities, and markets. FedEx, as one of the largest logistics companies in the world, is a key player in the global supply chain, and its decision to invest in electric trucks is likely to have a ripple effect on the industry as a whole. The deal also marks a significant shift towards sustainable transportation solutions, and is likely to influence the development of policies and regulations around the world.

The deal is also likely to have significant implications for Harbinger Group, which is expected to benefit from the deal through the sale of its electric trucks. The company's CEO, Christopher S. Mills, has stated that the deal represents a major opportunity for the company to make a positive impact on the environment, and to position itself for long-term success in the rapidly evolving electric truck market. The deal is also likely to influence the development of research and development in the electric truck sector, and could lead to new breakthroughs and innovations in the field.

The deal between FedEx and Harbinger Group is part of a larger trend towards the adoption of sustainable transportation solutions in the logistics and transportation industry. In recent years, companies such as UPS, DHL, and Amazon have all invested heavily in electric and alternative fuel vehicles, and have committed to reducing their greenhouse gas emissions. The deal is also part of a broader pattern of increasing investment in sustainable infrastructure, with companies such as Google and Microsoft committing to the development of electric vehicle charging infrastructure.