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Oshkosh Corporation Secures Order from Republic Services for 100 McNeilus® Volterra™ Electric Refuse Trucks After Successful Operation of Initial Units

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Oshkosh (NYSE: OSK) has secured an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles from Republic Services, Inc. (NYSE: RSG). This follows a successful initial deployment and reinforces Republic Services' commitment to sustainability. The order supports Republic's goal of having electric vehicles comprise half of its new truck purchases over the next five years and aims to reduce greenhouse gas emissions by 35% by 2030.

The Volterra eRCV is the industry's first fully integrated electric refuse vehicle, designed to operate a full day's route on a single charge. It features advanced safety systems, including 360-degree cameras and automated braking. The vehicles will be deployed across multiple states, contributing to Republic Services' environmental initiatives while offering operational efficiency and driver comfort.

Oshkosh (NYSE: OSK) ha ricevuto un ordine per 100 veicoli elettrici per la raccolta di rifiuti e riciclaggio McNeilus® Volterra™ ZSL™ da Republic Services, Inc. (NYSE: RSG). Questo ordine segue un'iniziale distribuzione di successo e rafforza l'impegno di Republic Services verso la sostenibilità. L'ordine supporta l'obiettivo di Republic di avere veicoli elettrici che compongano la metà dei nuovi acquisti di camion nei prossimi cinque anni e mira a ridurre le emissioni di gas serra del 35% entro il 2030.

Il Volterra eRCV è il primo veicolo per la raccolta dei rifiuti elettrici completamente integrato del settore, progettato per operare per un'intera giornata su una singola carica. Presenta sistemi di sicurezza avanzati, tra cui telecamere a 360 gradi e frenata automatica. I veicoli saranno distribuiti in vari stati, contribuendo alle iniziative ambientali di Republic Services, offrendo al contempo efficienza operativa e comfort per gli autisti.

Oshkosh (NYSE: OSK) ha asegurado un pedido de 100 vehículos eléctricos de recolección de basura y reciclaje McNeilus® Volterra™ ZSL™ de Republic Services, Inc. (NYSE: RSG). Este pedido sigue a un despliegue inicial exitoso y refuerza el compromiso de Republic Services con la sostenibilidad. El pedido apoya el objetivo de Republic de que los vehículos eléctricos representen la mitad de sus nuevas compras de camiones durante los próximos cinco años y busca reducir las emisiones de gases de efecto invernadero en un 35% para 2030.

El Volterra eRCV es el primer vehículo de recolección de basura totalmente eléctrico integrado en la industria, diseñado para operar una ruta completa durante un día con una sola carga. Presenta sistemas de seguridad avanzados, incluyendo cámaras de 360 grados y frenos automáticos. Los vehículos se desplegarán en varios estados, contribuyendo a las iniciativas ambientales de Republic Services mientras ofrecen eficiencia operativa y comodidad para los conductores.

오쉬코쉬 (NYSE: OSK)는 Republic Services, Inc. (NYSE: RSG)로부터 100대의 맥네일러스® 볼테라™ ZSL™ 전기 쓰레기 및 재활용 수거 차량 주문을 확보했습니다. 이는 성공적인 초기 배치에 이어진 것으로, Republic Services의 지속 가능성에 대한 의지를 강화합니다. 이 주문은 Republic이 향후 5년간 새로운 트럭 구매의 절반을 전기차로 구성하겠다는 목표를 지원하며, 2030년까지 온실가스 배출을 35% 줄이는 것을 목표로 합니다.

볼테라 eRCV는 업계 최초의 완전 통합 전기 쓰레기 차량으로, 한 번의 충전으로 하루 전체 경로를 운영할 수 있도록 설계되었습니다. 360도 카메라와 자동 브레이크를 포함한 고급 안전 시스템을 갖추고 있습니다. 이 차량은 여러 주에 배치되어 Republic Services의 환경 이니셔티브에 기여하며, 운영 효율성과 운전자의 편안함을 제공합니다.

Oshkosh (NYSE: OSK) a obtenu une commande de 100 véhicules de collecte des déchets et de recyclage électriques McNeilus® Volterra™ ZSL™ de Republic Services, Inc. (NYSE: RSG). Cela fait suite à une première mise en service réussie et renforce l'engagement de Republic Services en faveur de la durabilité. La commande soutient l'objectif de Republic de faire en sorte que la moitié de ses nouveaux achats de camions au cours des cinq prochaines années soient des véhicules électriques et vise à réduire les émissions de gaz à effet de serre de 35 % d'ici 2030.

Le Volterra eRCV est le premier véhicule de collecte des déchets entièrement électrique et intégré de l'industrie, conçu pour effectuer une itinéraire complet en une seule charge. Il dispose de systèmes de sécurité avancés, y compris des caméras à 360 degrés et un freinage automatique. Les véhicules seront déployés dans plusieurs États, contribuant aux initiatives environnementales de Republic Services tout en offrant efficacité opérationnelle et confort aux conducteurs.

Oshkosh (NYSE: OSK) hat eine Bestellung über 100 McNeilus® Volterra™ ZSL™ elektrische Abfall- und Recyclingfahrzeuge von Republic Services, Inc. (NYSE: RSG) erhalten. Diese folgt auf einen erfolgreichen Erstbetrieb und verstärkt das Engagement von Republic Services für Nachhaltigkeit. Die Bestellung unterstützt das Ziel von Republic, dass die Hälfte ihrer neuen Lkw-Käufe in den nächsten fünf Jahren elektrisch sein sollen, und zielt darauf ab, die Treibhausgasemissionen bis 2030 um 35% zu reduzieren.

Der Volterra eRCV ist das erste vollintegrierte elektrische Abfallfahrzeug der Branche, das dafür konzipiert ist, eine volle Tagesroute mit einer einzigen Ladung zu befahren. Es verfügt über fortschrittliche Sicherheitssysteme, darunter 360-Grad-Kameras und automatisches Bremsen. Die Fahrzeuge werden in mehreren Bundesstaaten eingesetzt, unterstützen die Umweltinitiativen von Republic Services und bieten gleichzeitig betriebliche Effizienz und Fahrerkomfort.

Positive
  • Secured a large order for 100 electric refuse vehicles from a major customer
  • Demonstrates market acceptance and successful performance of initial units
  • Supports customer's sustainability goals and fleet electrification efforts
  • Volterra eRCV offers full-day operation on a single charge, enhancing efficiency
  • Product features advanced safety systems, improving driver and community safety
  • Strengthens long-standing partnership with a leading environmental services company
Negative
  • None.

Insights

The order for 100 McNeilus® Volterra™ ZSL™ electric refuse trucks from Republic Services represents a significant win for Oshkosh This deal not only reinforces Oshkosh's position in the electric vehicle (EV) market but also demonstrates strong demand for their products in the waste management sector.

Key financial implications:

  • Revenue Boost: While specific financial terms weren't disclosed, this large order will likely contribute substantially to Oshkosh's top line in the coming quarters.
  • Market Share: The repeat order suggests Oshkosh is gaining traction in the EV refuse truck market, potentially leading to increased market share.
  • Long-term Growth: As more waste management companies transition to electric fleets, Oshkosh is well-positioned to capitalize on this trend, supporting long-term growth prospects.
  • Profitability: The Volterra line's focus on total cost of ownership advantages could lead to higher margins compared to traditional vehicles.

Investors should monitor Oshkosh's future earnings reports to gauge the impact of this deal and potential follow-on orders in the EV segment.

This order marks a significant milestone in the waste management industry's transition towards sustainability. Key points to consider:

  • Emissions Reduction: The deployment of 100 electric refuse trucks will substantially reduce carbon emissions in multiple states, aligning with growing environmental regulations.
  • Industry Leadership: Republic Services' commitment to have EVs comprise half of new truck purchases over the next five years sets a new benchmark for the industry.
  • Regulatory Compliance: The Volterra eRCV's zero-emission certifications from CARB and EPA position Oshkosh favorably as environmental regulations tighten.
  • Market Transformation: This large-scale adoption of electric refuse trucks could accelerate the industry's shift away from diesel vehicles, potentially influencing policy makers and other waste management companies.

The success of this initiative could lead to more stringent emissions standards for heavy-duty vehicles, creating both opportunities and challenges for vehicle manufacturers in the coming years.

Republic Services’ order expands fleet electrification efforts and advances commitment to sustainability and reduced environmental impact.

OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has placed an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles. This second order follows the successful operation of initial units into Republic Services' residential collection fleet. This significant order reinforces Republic Services’ commitment to sustainability and the transition to a more efficient fleet.

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has placed an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles. This second order follows the successful operation of initial units into Republic Services' residential collection fleet. This significant order reinforces Republic Services’ commitment to sustainability and the transition to a more efficient fleet. (Photo: Business Wire)

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has placed an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles. This second order follows the successful operation of initial units into Republic Services' residential collection fleet. This significant order reinforces Republic Services’ commitment to sustainability and the transition to a more efficient fleet. (Photo: Business Wire)

“Republic Services has made an industry-leading commitment to fleet electrification, and we look forward to continuing our longstanding partnership with Oshkosh and McNeilus,” said Brett Rogers, Republic Services vice president, operations technology. “Our latest order of Volterra EVs will help us provide cleaner, quieter service to customers and help our municipal partners achieve their climate goals.”

Building on a longstanding partnership, Republic Services first ordered 50 Volterra ZSL electric refuse and recycling collection vehicles from Oshkosh in 2023. As the operator of one of the nation’s largest fleets of vocational trucks, Republic Services is a leader in fleet electrification with plans for electric vehicles to comprise half of its new truck purchases over the next five years. The McNeilus Volterra eRCV, the industry’s first fully integrated electric refuse and recycling collection vehicle, is designed to meet the rigorous demands of waste and recycling collection while managing carbon emissions and providing exceptional total cost of ownership.

“Republic Services has been a valued partner for many years, and we are thrilled to support their sustainability initiatives with our McNeilus® Volterra™ electric refuse and recycling collection vehicles,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “This order is a testament to our shared vision of advancing environmental sustainability while delivering high-performance solutions for waste and recycling management.”

The 100 McNeilus Volterra electric vehicles will be deployed across multiple states, contributing to Republic Services' ambitious goals to reduce greenhouse gas emissions by 35 percent by 2030. Each vehicle is equipped with advanced safety features, including 360-degree cameras, lane-departure sensors and automated braking systems, ensuring both driver and community safety. The Volterra eRCV can operate a full day’s route on a single charge, offering unparalleled reliability and efficiency in refuse and recycling collection.

“In addition to helping advance environmental goals, the Volterra eRCV was thoughtfully designed with drivers, service technicians and business owners in mind,” said Lee Dreas, vice president and general manager of McNeilus Truck and Manufacturing. “We’re proud to offer this innovative solution, which transforms the driver experience while delivering outstanding total cost of ownership advantages.”

The McNeilus Volterra electric refuse and recycling collection vehicles feature a purpose-built chassis and body, integrated as a single unit to maximize interior space and streamline operations. The vehicle’s zero emission certifications from the California Air Resources Board (CARB) and the United States Environmental Protection Agency (EPA) help customers meet stringent environmental regulations and clean fleet goals.

For more information about McNeilus’ Volterra electric refuse and recycling collection vehicles, visit mcneilusgarbagetrucks.com.

To learn more about Oshkosh Corporation, its long and successful history of developing fully electric and hybrid vehicles across a wide variety of industries please visit Oshkoshcorp.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

About McNeilus

McNeilus Truck and Manufacturing, Inc. is a refuse and recycling collection vehicle innovator with leading advancements in electrification, intelligent products, active safety and advanced manufacturing. Product offerings include an expansive lineup of front loaders, rear loaders and side loaders, including EV solutions. McNeilus provides OEM parts and also partners with top equipment dealers across North America to provide best-in-class support and access to service and parts close to home. Learn more: https://mcneilusgarbagetrucks.com/.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

Financial:

Patrick Davidson

Senior Vice President, Investor Relations

920.502.3266



Media:

Tim Gilman

Senior Manager, Communications and Branding

920-509-0617

Source: Oshkosh Corporation

FAQ

How many McNeilus Volterra electric refuse trucks did Republic Services order from Oshkosh (OSK)?

Republic Services ordered 100 McNeilus Volterra ZSL electric refuse and recycling collection vehicles from Oshkosh (OSK).

What are the key features of the McNeilus Volterra electric refuse vehicle ordered by Republic Services from Oshkosh (OSK)?

The McNeilus Volterra eRCV features a fully integrated electric design, full-day operation on a single charge, advanced safety systems including 360-degree cameras and automated braking, and zero emission certifications from CARB and EPA.

How does this order align with Republic Services' sustainability goals in relation to Oshkosh (OSK) products?

The order supports Republic Services' goal to have electric vehicles comprise half of its new truck purchases over the next five years and contributes to their aim of reducing greenhouse gas emissions by 35% by 2030.

When did Republic Services place their initial order for Oshkosh (OSK) Volterra electric refuse vehicles?

Republic Services first ordered 50 Volterra ZSL electric refuse and recycling collection vehicles from Oshkosh in 2023.

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