According to Brian Phillips, president, and CEO of FedEx Office, “FedEx SameDay City is a perfect use-case for testing the capabilities of the Ford E-Transit.” In regards to the size of the potential order, FedEx’s ground fleet uses more than 170,000 vehicles which could equate to more than $7.5 billion in sales over the next 18 years.Īnd Ford’s EV plans do not end there. The test includes 10 e-Transit vans in 9 markets focused on a range of weather and road conditions faced by FedEx’s SameDay City services. FedEx is aiming to completely electrify its fleet by 2040 which could be a windfall contract for Ford and Ford investors. Ford To Power FedEx Delivery Services?įedEx ( NYSE: FDX ) and Ford ( NYSE: F ) sent a ripple through the EV market when they announced a test run of Ford’s e-Transit vans. The question is if these moves are too-little, too-late for the company because Ford is moving in on the delivery truck action. The takeaway is that revenue is expected to blossom in the second half and production to ramp in calendar 2023. Workhorse Group is targeting up to 250 builds this year which some analysts view as cautious. The lineup is built on GreenPower Motors’ ( NASDAQ: GP ) EV Star cab and chassis combination and the delivery schedule should allow the company to meet its goals for the year. While the calendar Q2 results were lackluster, the company also received the first of the new chassis from GreenPower Motors that it will use to build the new lineup. Not only is the company moving on from the C-series issues it had last year but the new CEO appears to have the company on track to begin production this quarter. Workhorse Group ( NASDAQ: WKHS ) has had a tough year but it looks like the toughest times are behind them. ![]() 7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023.This Mid Cap Energy Stock is a 10-Bagger.And May Not Be Done.Does J&J Have Enough Alpha to Be a Solid Low Beta Stock?.Target Is About To Start A 20% Rally Into The Holidays. ![]()
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