FedEx invests in electric truck startup

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Trucking news and briefs for Friday, Nov. 13, 2025:

FedEx invests in EV startup, orders trucks 

FedEx placed an initial order for 53 Harbinger electric vehicles.FedEx placed an initial order for 53 Harbinger electric vehicles.

American-made medium-duty electric and hybrid vehicle manufacturer Harbinger said it has raised $160 million in a Series C funding round co-led by FedEx (CCJ Top 250, No. 1). The round also featured major participation from Ridgeline, a longtime Harbinger investor backed by FedEx, among other participants. 

FedEx also placed an initial order for 53 Harbinger electric vehicles (EVs) from the company. Harbinger will deliver chassis ready for upfit by the end of this calendar year. These vehicles—a mix of Class 5 and Class 6 models—reflect the shipping giant's ongoing network transformation and resulting need for larger-capacity pickup and delivery vehicles as it continues to optimize its network and routes.

"Any vehicle that holds up to our rigorous on-road testing and offers state-of-the-art safety features with lower total cost of ownership is win-win for drivers and for our business," said Paul Melander, Senior Vice President of Safety and Transportation, FedEx. "As we work toward a goal to electrify the entire FedEx pickup and delivery fleet by 2040, this trifecta of performance, price, and operational resilience is what we need to be able to continue to scale."

Polaris Transportation Group releases inaugural Sustainability Report

Polaris Transportation Group has released its first Sustainability Report, a voluntary publication underscoring the company's ongoing commitment to environmental protection and responsible growth.

Prepared in accordance with the Global Reporting Initiative (GRI) Standards and referencing relevant disclosures from the Sustainability Accounting Standards Board (SASB) framework, the report covers the year 2024 and represents a significant milestone in Polaris' sustainability journey.

"Publishing our first Sustainability Report has been an exciting and humbling process. Sustainability has always been part of who we are but this brings our efforts into sharper focus." said Polaris CEO Dave Cox. "Our vision is to create lasting value by embedding responsible practices into everything we do. We will remain steadfast in our future-focused actions, showing that growth and sustainability can move forward together with purpose."

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Environmentally, the company is targeting its fleet, which accounts for 96% of its Scope 1 emissions. In 2024, Polaris saved an estimated 30.4 tons of CO2 by using the DriveWyze weigh station bypass program to reduce engine idling. It also advanced its electrification goals, with 90% of its warehouse forklifts now battery-electric. A server migration to the cloud successfully cut server room power consumption by 90%.

On the social front, Polaris was named a "Top Company for Women to Work in Transportation," highlighting that women make up over 50% of its leadership team. The company's Community Care Unit (CCU) was also a key contributor, donating 18,894 pounds of essential food items in 2024 to address local food insecurity.
 

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