GBA Logistics secures CNG trucks with HSBC UK funding

GBA Logistics has acquired a new fleet of 10 Scania compressed natural gas (CNG) trucks, thanks to a seven-figure HSBC UK funding package.

It marks the first major alternative fuels investment for GBA Logistics as it works towards a 2040 net zero target.

The vehicles will operate on specific routes in the north and east of the UK, with the potential to expand to other regions.

As a result of the HSBC UK supported move to CNG, GBA Logistics has achieved the 2022 target of a 9% reduction in CO2 emissions from truck operations.

Deena Hamilton, sustainability manager at GBA, said: “This is an exciting time at GBA as we make further additions to our existing two hundred vehicle-strong fleet.

“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.

Jon Higginson, relationship director at HSBC UK, added: “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.

“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.”

Founded in 1987, GBA Logistics is a leading total logistics supply chain operator, known for offering traction services, time critical, temperature controlled and high security transportation.

The business currently employs more than 400 members of staff and operates from 18 different locations including in the UK and Europe.