GBA Logistics has acquired ten Scania compressed natural cas (CNG) vehicles to supplement its current diesel-powered fleet, thanks to a seven-figure HSBC UK investment package. This is GBA Logistics’ first big alternative fuels investment as it strives towards a net zero energy objective by 2040.
The trucks will operate on specified routes in the UK’s north and east, with the possibility of expanding to other regions.
“This is an exciting time at GBA as we make further additions to our existing two hundred vehicle-strong fleet.” said Deena Hamilton, sustainability manager at GBA. “As part of our sustainability goals, we are committed to reducing our emissions and taking credible steps to invest in greener technologies. We look forward to further opportunities for decarbonisation as we drive towards a sustainable future.”
The new vehicles at GBA Logistics have been funded with HSBC UK Equipment Finance, with support from Craig Onions, relationship director for corporate equipment finance and Alex Wier, corporate account manager.
“The introduction of an alternative fuelled fleet to GBA’s services comes at an important time for the business as it moves towards more sustainable operations,” says Jon Higginson, relationship director at HSBC UK. “It is fantastic to support their green initiatives and we look forward to seeing the wider positive impact this makes as the company continues to grow.”
GBA Logistics, was founded in 1987, and provides traction services, time sensitive, temperature regulated, and high security transportation from 18 sites across the UK, Europe, and North Africa.