electric vans

EV startup Harbinger snags $400M in commercial vehicle chassis orders

Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. 

Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of Grupo Bimbo, the world’s largest baking company. Harbinger also received an order from Thor Industries, one of the world’s largest recreational vehicle manufacturers, the company said.

“While other new entrants struggle to fill...

https://www.freightwaves.com/news/ev-startup-harbinger-snags-400m-in-commercial-vehicle-chassis-orders

Workhorse Group Q1 loss grows but makeover nears completion

Workhorse Group reported a larger loss in the first quarter and is short on cash. But it made progress toward ramping up Class 4 electric stepvans and chassis cabs.

The Cincinnati-based company is slowly emerging from an extensive and expensive overhaul led by CEO Rick Dauch. Since he joined the company in August 2021, he has:

  • Fired several top executives, replacing them with automotive industry veterans and veteran automotive engineers.
  • Used company shares to pay off a hedge fund, leaving the...

https://www.freightwaves.com/news/workhorse-group-q1-loss-grows-but-makeover-nears-completion

BrightDrop secures orders from FedEx Express, Walmart, as EV business accelerates

Electric van maker BrightDrop said that FedEx Express and Walmart have placed orders for a total of 7,000 vehicles, with the FedEx order potentially expanding to include an additional 20,000 units pending the successful conclusion of ongoing negotiations.

The announcement was made Wednesday by General Motors CEO Mary Barra during her CES keynote address. BrightDrop is a GM (NYSE: GM) subsidiary. In a Tuesday press briefing prior to the announcement, FedEx’s Richard Smith, regional president of...

https://www.freightwaves.com/news/brightdrop-secures-orders-from-fedex-express-walmart-as-ev-business-accelerates

Walmart to hire 3,000 drivers in major expansion of home delivery services

Walmart expands InHome Delivery

Walmart announced Wednesday that it would rapidly grow its InHome Delivery service in 2022, hiring 3,000 additional drivers for the service and outfitting them with electric delivery vans.

First launched in 2019 in Kansas City, Missouri, Pittsburgh, and Vero Beach, Florida, InHome Delivery enables grocery and other essential items to be delivered where the customers want — inside their garages, their front doors, kitchens or even directly into refrigeration.

Since its debut, the service has...

https://www.freightwaves.com/news/walmart-to-hire-3000-drivers-in-major-expansion-of-home-delivery-services

ELMS passes first test, delivers first EV cargo van ahead of schedule

ELMS delivers first electric cargo van

The first step in the mission to launch a Class 1 electric delivery van has been reached with Electric Last Mile Solutions announcing on Wednesday that it has delivered the first Urban Delivery van from its Indiana assembly facility.

The vehicle was handed over to Randy Marion Automotive Group, a large nationwide commercial dealership group. Just last week, the dealer announced an order for 1,000 of the EVs.

“There is no doubt that the commercial last-mile delivery market is demanding electric...

https://www.freightwaves.com/news/elms-passes-first-test-delivers-first-ev-cargo-van-ahead-of-schedule

Surging container rates, semiconductor shortage only blips on radar for Arrival, ELMS

Two electric van startups are facing different challenges in the months ahead, but at least one analyst remains supportive of both firms’ long-term potential.

Electric Last Mile Systems (ELMS) will be first out of the gate with its Class 1 electric van, but shipping costs could alter the pricing dynamics for customers, according to research firm Cowen. Conversely, Arrival (NASDAQ: ARVL) will take longer to bring its vehicles to market, but as a result should avoid the peak of the global...

https://www.freightwaves.com/news/surging-container-rates-semiconductor-shortage-only-blips-on-radar-for-arrival-elms

Cowen expects Electric Last Mile Systems to charge ahead

Cowen issues positive report on electric vehicle maker ELMS

In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14.

ELMS (NASDAQ: ELMS) closed Thursday at $9.15, down 6% from the open.

The research firm said it was “impressed by the company’s experienced management team and capital-light go-to-market business model that focuses on keeping its approach to manufacturing simple” and a low capital expenditure need to bring Class...

https://www.freightwaves.com/news/cowen-expects-electric-last-mile-systems-to-charge-ahead

Deutsche Post DHL Group dedicating $8.25B to green tech

Deutsche Post DHL Group released a sustainability road map with several ESG goals.

Deutsche Post DHL Group (OTCMKTS: DPSGY) is investing a whopping 7 billion euros ($8.25 billion) in green technologies between now and 2030 to fight climate change. As part of its sustainability road map released last week, the company also made a commitment to donate 1% of net profits to social impact projects and programs.

“We have a responsibility, being the 11th-largest private employer in the world,” to lead the way and take action on climate change, Scott Sureddin, CEO at DHL Supply Chain...

https://s29755.pcdn.co/news/deutsche-post-dhl-group-dedicating-8-25b-to-green-tech

DHL Express ups order for Lightning eMotors’ electric Transit vans

A successful trial of nine Lightning eMotors electric Ford Transit vans has led DHL Express to announce it will deploy an additional 89 vehicles in New York and California this year.

The Ford Motor Co. (NYSE: F) Transit 350HD Class 3 vans are equipped with Lightning’s zero-emission system and capable of achieving 61 miles per gallon equivalent, compared to 13 miles per gallon for a similar gas-powered van, Lightning said. They include proprietary telematics and analytics software, which will aid...

https://www.freightwaves.com/news/dhl-express-ups-order-for-lightning-emotors-electric-transit-vans

The Daily Dash: Last-mile event coverage and under-21 driver pilot program

Army truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the FreightWaves Last Mile Logistics Summit was held on Thursday, diving deep into the challenges and opportunities in last-mile delivery. Plus, Hyliion details its secret sauce and the Federal Motor Carrier Safety Administration is expanding a pilot program for drivers under the age of 21.

Deep dive into last mile

Last-mile delivery has been tested throughout the COVID-19 pandemic. FreightWaves’...

https://www.freightwaves.com/news/the-daily-dash-last-mile-event-coverage-and-under-21-driver-pilot-program

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