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NorthStar Courier Becomes First FedEx Service Provider Outside California to Deploy Workhorse W56 Electric Step Van

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Workhorse Group has delivered its W56 electric step van to NorthStar Courier, a FedEx Ground Contract Service Provider in Minneapolis, Minnesota. This marks the first W56 deployment by a FedEx Ground Service Provider outside California. The sale was facilitated by Ziegler Truck Group, a Workhorse Certified Dealer. The W56, manufactured in Union City, Indiana, is designed for last-mile delivery and is now available in standard and extended wheelbase configurations with pre-configured upfit options for parcel delivery. Minnesota's emergence as a commercial EV adoption leader is supported by state grants for fleet electrification.

Workhorse Group ha consegnato il suo furgone elettrico W56 a NorthStar Courier, un fornitore di servizi contratto per FedEx Ground a Minneapolis, Minnesota. Questo segna il primo impiego del W56 da parte di un fornitore di servizi FedEx Ground al di fuori della California. La vendita è stata facilitata da Ziegler Truck Group, un rivenditore certificato Workhorse. Il W56, prodotto a Union City, Indiana, è progettato per la consegna dell'ultimo miglio ed è ora disponibile in configurazioni con passo standard e allungato, con opzioni di allestimento pre-configurate per la consegna dei pacchi. L'emergere del Minnesota come leader nell'adozione dei veicoli elettrici commerciali è supportato da sovvenzioni statali per l'elettrificazione della flotta.

Workhorse Group ha entregado su furgón eléctrico W56 a NorthStar Courier, un proveedor de servicios contratados de FedEx Ground en Minneapolis, Minnesota. Esto marca el primer despliegue del W56 por parte de un proveedor de servicios de FedEx Ground fuera de California. La venta fue facilitada por Ziegler Truck Group, un distribuidor certificado de Workhorse. El W56, fabricado en Union City, Indiana, está diseñado para la entrega de última milla y ahora está disponible en configuraciones de distancia entre ejes estándar y extendida, con opciones de equipamiento preconfiguradas para la entrega de paquetería. La aparición de Minnesota como líder en la adopción de vehículos eléctricos comerciales está respaldada por subvenciones estatales para la electrificación de flotas.

워크호스 그룹이 미네소타주 미니애폴리스에 있는 FedEx Ground 계약 서비스 제공업체인 NorthStar Courier에 W56 전기 스텝 밴을 전달했습니다. 이는 캘리포니아 외부에서 FedEx Ground 서비스 제공업체에 의해 최초로 W56이 배포된 경우입니다. 이 판매는 워크호스 인증 딜러인 지글러 트럭 그룹에 의해 촉진되었습니다. 인디애나주 유니온 시티에서 제조된 W56은 마지막 마일 배달을 위해 설계되었으며, 현재 패키지 배달을 위한 사전 구성된 옵션과 함께 표준 및 확장 휠베이스 구성으로 제공됩니다. 미네소타주가 상업용 전기차 채택의 선두주자로 떠오른 것은 차량 전기화에 대한 주 정부 보조금 덕분입니다.

Workhorse Group a livré son fourgon électrique W56 à NorthStar Courier, un fournisseur de services contractuels pour FedEx Ground à Minneapolis, Minnesota. Cela marque le premier déploiement du W56 par un fournisseur de services FedEx Ground en dehors de la Californie. La vente a été facilitée par Ziegler Truck Group, un concessionnaire certifié Workhorse. Le W56, fabriqué à Union City, Indiana, est conçu pour la livraison du dernier kilomètre et est maintenant disponible en configurations d'empattement standard et allongé, avec des options de configuration préétablies pour la livraison de colis. L'émergence du Minnesota en tant que chef de file dans l'adoption des véhicules électriques commerciaux est soutenue par des subventions de l'État pour l'électrification de la flotte.

Workhorse Group hat seinen W56 elektrischen Transporter an NorthStar Courier, einen Vertragspartner von FedEx Ground in Minneapolis, Minnesota, ausgeliefert. Dies markiert den ersten Einsatz des W56 durch einen FedEx Ground-Serviceanbieter außerhalb Kaliforniens. Der Verkauf wurde durch die Ziegler Truck Group, einen zertifizierten Händler von Workhorse, erleichtert. Der in Union City, Indiana, gefertigte W56 ist für die letzte Meile konzipiert und ist jetzt in Standard- und verlängerten Radstandkonfigurationen mit vorkonfigurierten Upfit-Optionen für die Paketzustellung erhältlich. Minnesotas Aufstieg zur Führungsrolle bei der Einführung von gewerblichen Elektrofahrzeugen wird durch Staatszuschüsse zur Elektrifizierung von Flotten unterstützt.

Positive
  • First W56 deployment outside California for FedEx Ground Service Provider
  • Geographic market expansion into Minnesota
  • State grant support available for fleet electrification in Minnesota
Negative
  • None.

Insights

The deployment of Workhorse's W56 electric step van in Minnesota represents a strategic market expansion beyond California, but its immediate financial impact is given the single-vehicle sale. While this demonstrates market validation and potential for growth in new regions, particularly with FedEx Ground contractors, the revenue impact is minimal relative to Workhorse's $26.8M market cap.

Minnesota's supportive EV policy environment and state grants could accelerate regional adoption, but significant fleet orders would be needed to meaningfully impact Workhorse's financials. The W56's expanded configuration options and FedEx service provider validation may help future sales, but this single deployment is more symbolic than financially material.

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. The sale was facilitated by Workhorse Certified Dealer, Ziegler Truck Group.

This milestone marks the first deployment of the Workhorse W56 by a FedEx Ground Service Provider outside of California. NorthStar Courier’s W56 is currently in service, efficiently handling parcel pickup and delivery routes throughout Minneapolis.

Minnesota is emerging as a leader in commercial EV adoption, supported by state grants aimed at accelerating fleet electrification and replacing older diesel vehicles with zero tailpipe emissions solutions. The W56, engineered for last-mile delivery, offers a sustainable alternative for service providers and businesses seeking to reduce their environmental footprint and operating costs.

“We are excited to see NorthStar Courier leading the charge in Minnesota by putting the W56 into service,” said Kelly Kiger, Vice President of Sales at Workhorse. “Expanding adoption of electric vehicles in key states like Minnesota is vital to accelerating the transition to zero-emission transportation across the country. NorthStar Courier is setting an example for FedEx Service Providers and businesses nationwide looking to improve efficiency while reducing their environmental impact.”

The W56, manufactured at the Workhorse Ranch in Union City, Indiana, combines reliability, extended range, and ample cargo capacity, making it an ideal solution for parcel delivery operations. Now available in both standard and extended wheelbase configurations, the W56 offers pre-configured upfit options tailored for parcel delivery, providing flexibility to meet the diverse needs of fleet operators. With this delivery, Workhorse continues to expand its footprint in the growing electric vehicle market for commercial applications.

For more information about Workhorse and its portfolio of zero-emission commercial vehicles, visit www.workhorse.com.

About Workhorse Group Inc.
Workhorse is a technology company focused on providing ground-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.

Forward-Looking Statements
The discussions in this press release contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements and relate to future periods. These are statements that involve substantial risks and uncertainties. Forward-looking statements are statements that are not historical facts and speak only as of the date hereof. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

Media Contact:
Aaron Palash / Greg Klassen
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Investor Relations Contact:
Tom Colton and Greg Bradbury
Gateway Group
949-574-3860
WKHS@gateway-grp.com


FAQ

Where is the Workhorse (WKHS) W56 electric step van manufactured?

The Workhorse W56 electric step van is manufactured at the Workhorse Ranch in Union City, Indiana.

What configurations are available for the Workhorse (WKHS) W56 electric van?

The W56 is available in both standard and extended wheelbase configurations with pre-configured upfit options for parcel delivery.

Who is the first FedEx Service Provider outside California to deploy Workhorse (WKHS) W56?

NorthStar Courier, based in Minneapolis, Minnesota, is the first FedEx Ground Contract Service Provider outside California to deploy the Workhorse W56.

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