LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leader in the electrification of fleets, is excited to announce a purchase order from Crown Linen Service, Inc., a leading provider of linen and uniform rental services. Crown Linen has ordered two fully electric 22′ stepvans, reflecting its commitment to sustainability and… Continue reading @niche: Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with Battery-Electric Stepvans003642
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@niche: How a moonshot is giving voice to truck parcels003642
Smart labels are one of those buzzy technology terms that have a lot of meanings. The ones logistics giant Kuehne+Nagel are rolling out with Chorus — one of Alphabet’s X moonshot factory entities — address questions some might not even think to ask. It’s one thing to know through a radio frequency ID tag – wireless… Continue reading @niche: How a moonshot is giving voice to truck parcels003642
@niche: Production back on for INEOS Automotive003639
Grenadiers and Quartermasters will restart production from early January 2025 after critical supply shortage resolved. “It’s great news that a solution has been found so quickly,” said Lynn Calder, CEO of INEOS Automotive. “Automotive supply chains are extremely complex but we were not willing to compromise on quality, so we are satisfied that we have… Continue reading @niche: Production back on for INEOS Automotive003639
@niche: Workhorse Group’s Financial Struggles Threaten Operations Amid Capital Shortage003640
https://www.tipranks.com/news/company-announcements/workhorse-groups-financial-struggles-threaten-operations-amid-capital-shortage Workhorse Group (WKHS) has disclosed a new risk, in the Debt & Financing category. Workhorse Group faces substantial business risk due to its inability to generate or secure additional capital, which is crucial for meeting current and future customer demands and expanding operations. The company’s persistent negative cash flow from operating activities, reported at… Continue reading @niche: Workhorse Group’s Financial Struggles Threaten Operations Amid Capital Shortage003640
@niche: NorthStar Courier Becomes First FedEx Service Provider Outside California to Deploy Workhorse W56 Electric Step Van003639
Workhorse Group, Inc. CINCINNATI, Nov. 21, 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 the delivery of its W56 electric step van to NorthStar Courier, a FedEx Ground Contract Service Provider based in Minneapolis, Minnesota.… Continue reading @niche: NorthStar Courier Becomes First FedEx Service Provider Outside California to Deploy Workhorse W56 Electric Step Van003639
@niche: INEOS and GNFC sign a Memorandum of Understanding to build a new world scale Acetic Acid unit in India003637
INEOS Acetyls are a leading producer of Acetic Acid globally and GNFC is the only current producer of Acetic Acid in India. The two companies have held a technology partnership for close to 30 years but will now establish a new joint venture. David Brooks, CEO INEOS Acetyls, comments “We are delighted to make this announcement… Continue reading @niche: INEOS and GNFC sign a Memorandum of Understanding to build a new world scale
Acetic Acid unit in India003637
@niche: Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y003637
Workhorse Group Inc. WKHS reported an adjusted loss of 88 cents per share for the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 85 cents. The company had incurred an adjusted loss of $2.80 in the year-ago quarter. Workhorse generated net revenues of $2.51 million, which missed the Zacks… Continue reading @niche: Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y003637
@niche: Workhorse Group Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost …003636
Release Date: November 19, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Workhorse Group Inc (NASDAQ:WKHS) secured a three-year master framework agreement with FedEx, marking a significant milestone for the company. The company has been awarded a GSA contract, facilitating streamlined procurement processes for federal government… Continue reading @niche: Workhorse Group Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost …003636
@niche: Workhorse Group (WKHS) Reports Q3 Loss, Misses Revenue Estimates003635
Workhorse Group (WKHS) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.85. This compares to loss of $2.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.53%. A quarter ago, it was… Continue reading @niche: Workhorse Group (WKHS) Reports Q3 Loss, Misses Revenue Estimates003635
@niche: Workhorse: Q3 Earnings Snapshot003634
SHARONVILLE, Ohio (AP) — SHARONVILLE, Ohio (AP) — Workhorse Group Inc. (WKHS) on Tuesday reported a loss of $25.1 million in its third quarter. The Sharonville, Ohio-based company said it had a loss of 98 cents per share. Losses, adjusted for non-recurring costs, were 88 cents per share. The truck and drone manufacturer posted revenue… Continue reading @niche: Workhorse: Q3 Earnings Snapshot003634