"Tesla trucks complement Titanium's commitment to safety and innovation and will enhance our efforts towards reducing our carbon footprint," said Ted Daniel, CEO of Titanium. "We expect this investment will allow for significant net operating and maintenance savings for our local fleet and will result in fewer accidents and breakdowns."
Tesla has reported their trucks can operate for 500 miles on one charge, take only 30 minutes to recharge and will have regenerative breaking. Tesla has also guaranteed zero breakdowns for 1,000,000 miles and estimated a 20% reduction in costs when compared to diesel trucks. Tesla has stated that this will be the safest truck ever to be manufactured.
About Titanium
Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with approximately 450 power units, 1,500 trailers and 550 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed ten asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for nine consecutive years.
