Trucking news and briefs for Thursday, June 3, 2021:
Penske takes delivery of Volvo VNR Electric trucks
Penske Truck Leasing recently took delivery of two VNR Electrics from Volvo Trucks North America, expanding its fleet of battery-electric Class 8 trucks available in Southern California.
Its first Volvo VNR Electrics will be used by two consumer retail companies, enabling both to gain firsthand insight into the benefits of battery-electric trucks, the ease of recharging, and the ideal routes to deploy additional units in the future.
“With Penske Truck Leasing operating over 330,000 vehicles globally, Volvo Trucks sees this as an incredible opportunity to collaborate with their team to deploy zero tailpipe emission VNR Electrics and help other businesses achieve their sustainable transportation goals,” said Peter Voorhoeve, president, Volvo Trucks North America. “Our companies share a common mission of providing top-tier, comprehensive service to help fleets maximize uptime and reliability. We look forward to seeing positive results with these first two battery-electric units and working alongside Penske to expand its VNR Electric fleet in the future.”
Knight-Swift acquires brokerage
Knight-Swift Transportation Holdings (CCJ Top 250, No. 4) announced this week it has acquired Kansas City-based brokerage UTXL, which specializes in over-the-road full truckload and multi-stop loads in any length of haul throughout the United States, Canada, and Mexico.
The purchase price consideration was approximately $22.5 million. The purchase price consideration is subject to a customary working capital adjustment and additional potential deferred payments over the next two years.
