Nowadays, global warming is a hotly debated topic around the world. From conservationists to industrialists, everyone is working towards a more sustainable and greener economy. Whether it be through automation or the use of biodegradable substances, dedicated efforts are being made to bring down emission rates, improve waste treatment and disposal, and reduce the overall annual carbon footprint.
And so, in sync with the aforesaid efforts, the Los Angeles Port recently funded a whopping $3 million each to two trucking companies, i.e., Gardena-based MLI Leasing and El Segundo-based Performance Team, for accelerating the adoption of zero-emission drayage trucks. 22 pre-production emissions-free trucks have been agreed upon for the year 2023.
This initiative marks the first payment made by the Los Angeles Port towards the Clean Truck Fund, commonly abbreviated as CTF.
The CTF was established around the 1st week of April when the ports at San Pedro Bay started collecting $10 for each loaded 20-foot equivalent unit (TEU) moving through the port by truck, all of which would be used towards adopting the ZE trucks serving the port. Extrapolating the collection pace, this fund is expected to raise around $45 million during the first 12 months of its inception.
During an interview, the Executive Director of the Los Angeles Post, Gene Seroka, said, “This is just one of the incentives we are offering to accelerate zero-emission technology and drive stakeholder investment… we can reduce greenhouse gases and meet our 2035 goal of transitioning the entire fleet serving our port complex to zero-emission trucks.”