Ryder System Inc. (NYSE: R) took delivery of two Workhorse Group (NASDAQ: WKHS) electric delivery vans, seemingly ahead of a large order from United Parcel Service (NYSE: UPS).
Workhorse announced the deal with Ryder on Tuesday. On Monday, Workhorse got the go-ahead from the California Air Resources Board (CARB) to sell its C-Series zero-emission vans. Under California’s Advanced Clean Truck regulation, all trucks in the state must run on electricity by 2045.
Neither Workhorse nor UPS responded...
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