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
- Workhorse Joins FedEx Forward Service Provider Summit as Presidential Exhibitor, Showcasing W56 Electric VehicleGlobeNewswire
- Workhorse Group Inc. (NASDAQ: WKHS) had its price target lowered by analysts at TD Cowen from $3.00 to $0.25. They now have a "hold" rating on the stock.MarketBeat
- Workhorse Group Inc. (WKHS) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Workhorse Group Reports Second Quarter 2024 ResultsGlobeNewswire
- Here's the major earnings before the open tomorrow [Seeking Alpha]Seeking Alpha
WKHS
Earnings
- 8/20/24 - In-Line
WKHS
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 4/A
- 9/13/24 - Form SC
- WKHS's page on the SEC website