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McAbee Trucking Acquires Workhorse's W4 CC to Transport U.S. Mail
WorkhorseWorkhorse(US:WKHS) Newsfilterยท2024-07-18 12:30

Core Insights - Workhorse Group Inc. has made a significant advancement in sustainable transportation with McAbee Trucking acquiring an all-electric W4 CC box truck, marking McAbee's first electric vehicle addition to its fleet [1][4] - The decision to purchase the W4 CC was influenced by its impressive performance during a demonstration period, showcasing the reliability and efficiency of Workhorse's electric trucks in real-world operations [1][11] Company Overview - Workhorse Group Inc. is focused on providing ground-based electric vehicles for the last-mile delivery sector, designing and building high-performance, battery-electric trucks [7] - The company also develops integrated cloud-based telematics systems to optimize energy and route efficiency for fleet operators [7] McAbee Trucking Details - McAbee Trucking, established in 1971, operates as a contractor for the United States Postal Service, delivering packages between USPS locations in North Carolina and South Carolina [9] - The company currently employs 68 individuals and operates a fleet of 63 vehicles, which includes propane, compressed natural gas (CNG), and diesel trucks [9] Industry Context - The acquisition of the Workhorse electric truck aligns with the National Star Route Mail Contractors Association's commitment to supporting alternative fuel adoption, including battery-electric solutions [6] - This move is consistent with the Postal Service's goals to reduce harmful emissions by transitioning to alternative fuel trucking fleets [6][8]