Purolator to Invest $1 Billion to Electrify Network, Hit Climate Goals
Canadian freight and logistics services provider Purolator announced today that it will invest approximately $1 billion over the next seven years to electrify its network, with plans including purchasing more than 3,500 fully electric last-mile delivery vehicles, and electrifying more than 60 terminals.
The new investment initiative follows the launch last year by Purolator of a set of climate-related targets, including goals to reduce Scope 1 and 2 emissions by 42% by 2030, and put itself on the path for net zero emissions by 2050. The company aims to achieve its 2030 goal through initiatives including electrifying 60% of its last-mile delivery fleet, investing in alternative-fuels and low-carbon technologies, and reduce emissions from electricity by 100% through the use of renewable sources.
The company said that it expects its environmental sustainability investments to reduce greenhouse gas emissions in 2030 by 80,000 tonnes.
John Ferguson, Purolator President and CEO, said:
“Our ambition is to be the greenest courier company in Canada, and with this investment, Purolator will take yet another important step toward a more sustainable future and healthier planet.”