FedEx Places First Order for 15 Workhorse W56 Step Vans to Grow Zero-Tailpipe Emission Fleet
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
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Source: GlobeNewswire
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that FedEx (NYSE: FDX) has issued a purchase order for 15 W56 step vans to be delivered in 2024. This milestone order follows a successful demonstration in which the Workhorse W56 step van met FedEx operation duty cycle requirements. The addition of these 15 W56 step vans will support the FedEx goal to achieve carbon neutral global operations by 2040—underscoring the company’s phased approach to replacing older vehicle technologies with new, zero tailpipe-emission solutions. During real-world delivery route testing, the W56 achieved an impressive 31 MPGe. Compared to the national average fuel economy of 7 MPG for delivery trucks, this demonstrates significantly lower energy consumption per mile. Based on an average of 31,875 miles driven per vehicle
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News
- NorthStar Courier Becomes First FedEx Service Provider Outside California to Deploy Workhorse W56 Electric Step Van [Yahoo! Finance]Yahoo! Finance
- NorthStar Courier Becomes First FedEx Service Provider Outside California to Deploy Workhorse W56 Electric Step VanGlobeNewswire
- Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Inc. (NASDAQ: WKHS) had its price target raised by analysts at TD Cowen from $0.25 to $1.25. They now have a "hold" rating on the stock.MarketBeat
- Workhorse Group Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost ... [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/19/24 - Miss
WKHS
Sec Filings
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- 11/19/24 - Form 8-K
- WKHS's page on the SEC website