G&K Services, Inc. (NASDAQ: GKSR) announced today that the company has launched a pilot program to test hybrid electric trucks in its fleet of delivery vehicles. The company has placed hybrid electric diesel step vans into service in its locations in Northern California. The new hybrid trucks are projected to cut fuel consumption and carbon emissions compared to conventional delivery vehicles.
G&K Services' new hybrid electric delivery trucks are now serving customers in the Northern California market. (Photo: G&K Services, Inc.)
“We are excited to get these new hybrid trucks on the road, making deliveries to our customers,” said Dick Stutz, G&K’s Senior Vice President of Operations. “G&K is focused on both maximizing the fuel economy of our delivery fleet and being good stewards of the environment.” The new vehicles were obtained in partnership with the State of California’s Hybrid Truck and Bus Voucher Incentive Project (HVIP). G&K will work closely with the State of California and the vehicle manufacturers to track and analyze the performance of these vehicles and assess the technology for broader use. Ensuring environmental stewardship is one of G&K’s core values. G&K Services is an industry leader in the design, development and implementation of environmentally responsible industrial laundry operations. For more information on G&K Services’ commitment to environmental sustainability please visit the company’s web site at www.gkservices.com/about/green.html. About G&K Services, Inc.G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs in the United States, and is the largest such provider in Canada. Headquartered in Minneapolis, Minnesota, G&K Services has over 7,500 employees serving approximately 165,000 customers from over 160 facilities in North America. G&K Services is a publicly held company traded over the NASDAQ Global Select Market under the symbol GKSR and is a component of the Standard & Poor’s SmallCap 600 Index. For more information on G&K Services, visit the company’s web site at www.gkservices.com. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50297145&lang=en
G & K Services (Nasdaq:GKSR) hit a new 52-week high Wednesday as it is currently trading at $37.79, above its previous 52-week high of $36.54 with 10,278 shares traded as of 9:35 a.m. ET. Average volume has been 78,400 shares over the past 30 days.