IVECO signs supply agreement with Jost Group for 500 Natural Gas trucks

The order for the Stralis NP (Natural Power) comes from one of Europe's largest transport and logistics companies, which is targeting a 35% conversion of its fleet to Liquefied Natural Gas (LNG) by 2020.

LONDON, Oct. 20, 2017 /PRNewswire/ -- IVECO, the commercial vehicles brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), has secured the largest deal for its Stralis NP vehicles to date. The agreement signed with Jost Group, one of the leading pan-European transport and logistics companies, foresees the delivery of a fleet of 500 Stralis NP trucks running on Liquefied Natural Gas (LNG). LNG is widely regarded as the only currently available mass market alternative to diesel.

The Stralis NP (Natural Power) is designed to be the most sustainable long-distance heavy truck ever manufactured. These trucks powered by LNG will offer an excellent power-to-weight ratio, power density and quietness of operation. The first 150 vehicles will enter into operation during 2018, with the full fleet to be in service by 2020.

Amongst the early adopters of this new technology, Jost Group continues its move towards green logistics and sustainable transport, something customers are increasingly demanding. The Group's goal is to have 35% of its fleet running on LNG and is supporting this with an investment in its own LNG refueling infrastructure, with plans to open up to three filling stations within its major operating centers in Belgium.

This order will replace pre-Euro VI diesel-powered vehicles, aged four to five years, in the Belgian firm's fleet of 1,400 trucks and 3,000 trailers. Presently, Jost Group conducts operations with 132 IVECO Stralis vehicles, including two running on compressed natural gas (CNG).

Demand for LNG is growing rapidly across Europe, with the German Ministry of Transport and Digital Infrastructure (BMVI) having identified LNG as the best solution for long-distance road transport in the short term and for the next 10 to 15 years. When running on fossil derived natural gas, the Stralis NP's CO₂ emissions are up to 10% lower than its diesel equivalent, depending on mission and gas composition – rising to up to 95% lower with the use of biomethane. With IVECO's natural gas technology, the level of particulates are negligible and the NOx 50% lower compared to diesel over long haul missions. It is also much quieter, reducing engine noise levels by around 50% – aiding deliveries in urban areas.

IVECO was the first manufacturer in the commercial transport sector to recognize the potential of natural gas in 1991. This foresight saw the brand develop a full range of natural gas-powered trucks, vans and buses. More than 22,000 IVECO gas-powered vehicles have been sold to date.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Jost Group is a family business employing more than 2,800 members of staff, with offices spanning 10 countries in Europe and North Africa. It offers full, partial and bulk loads, including dry freight and temperature controlled cargos, plus the movement of containers, dangerous goods and waste. Jost Group is also the international key-partner in inter-modality, in air & sea freight and warehouse logistics, with its 300,000m² of interconnected warehouses.For further information about Jost Group: http://www.jostgroup.com/

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