Workhorse Group Reports Third Quarter 2024 Results [Yahoo! Finance]
FedEx Corporation (FDX)
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Source: Yahoo! Finance
focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2024. Management Commentary “We continue to make steady progress on several fronts here at Workhorse,” said Company CEO Rick Dauch. “Securing a three-year Master Framework Agreement with FedEx is an extremely important and commercially validating milestone for us as an emerging commercial EV company. We have already built and shipped the first 15 trucks under this agreement and believe we will earn a larger order from FedEx in 2025. We also recently announced several new purchase orders with independent FedEx Ground contractors and are working diligently to convert the positive conversations and vehicle demos we are having with both contractors and other fleets into firm purchase orders. Mr. Dauch added: “I'm excited to announce that that we have been awarded a General Services Administration (GSA) contract, which further expands o
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