(Stay up to date with transport industry news: Get TTNews in your inbox.)

Logistics company DSV plans to purchase 300 heavy-duty electric trucks from Volvo AB. This is one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered vehicles.

The companies said on August 22 that they had signed an agreement to deliver the electric trucks between 2024 and 2026. The order also included 500 trucks that run on diesel and gas.

With the order, the Danish transport company will have “one of the largest corporate fleets of heavy electric trucks in Europe,” according to a statement.

Although most truck manufacturers are developing battery and fuel cell powertrains in response to climate regulations, the adoption of these systems is slow due to higher costs and a lack of fast chargers.

When it comes to sales of battery-powered electric vehicles, Volvo AB continues to be ahead of its main competitors Daimler Truck Holding AG and Traton SE. While almost 2% of the trucks and buses sold by Volvo are electric, the corresponding share at Daimler and Traton is just under 0.5%, according to the companies’ latest quarterly reports.

DSV A/S (North America) ranks 10th on the Transport Topics Top 100 list of North America’s largest logistics companies. It ranks 14th on the TT Top 50 list of the largest global freight carriers.

Do you want more news? Listen to today’s briefing below or click here for more information: