FedEx Ground

Greystar's First U.S. Modular Community, Ltd. Findlay, Now Preleasing

Retrieved on:

Lundi, avril 15, 2024

Pittsburgh International Airport, Housing, Dick's Sporting Goods, Community, MLS, FedEx Ground, Customer experience, Robert Morris University, Senior, Hotel

"Ltd. Findlay is a significant milestone for Greystar and Modern Living Solutions," Andy Mest, Managing Director of Development, Modern Living Solutions at Greystar, said.

Key Points:

"Ltd. Findlay is a significant milestone for Greystar and Modern Living Solutions," Andy Mest, Managing Director of Development, Modern Living Solutions at Greystar, said.
"This is our first Ltd. community that is built entirely from modular construction.
This allows us to deliver an attainable product that is also more sustainable due to reduced construction waste."
The modular construction, combined with cutting-edge technology at the property, deliver an experience that sets Ltd. apart from most of the existing attainable housing supply in the United States.

Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Retrieved on:

Mardi, mars 26, 2024

Growth, UniFirst, Entrepreneurship, XOS, Acquisition, National instrument, Arrangement, FedEx Ground, UPS, Related

The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.

Key Points:

The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.
The consideration received by ElectraMeccanica shareholders pursuant to the acquisition (the “Arrangement”) was 0.0143739 shares of Xos common stock for each common share of ElectraMeccanica held immediately prior to the consummation of the Arrangement.
As a result, following the close of the Arrangement, former shareholders of ElectraMeccanica own approximately 21.0% of Xos.
Following completion of the Arrangement, Xos has beneficial ownership and control over 100% of the issued and outstanding common shares of ElectraMeccanica.

Workhorse Group Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Mardi, mars 12, 2024

Research, EV, Certification, USDA, Negotiation, Data as a service, Natural Resources Conservation Service, Shareholder, Accounting, Sale, Stable, HVIP, W56, FedEx Ground, Drone, Service, Feedback, C1000, Pharmaceutical industry

CINCINNATI, March 12, 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 reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

CINCINNATI, March 12, 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 reported financial results for the fourth quarter and full year ended December 31, 2023.
Continued Build Out of Commercial Dealer and Service Footprint: Workhorse successfully added new certified dealers to its network in 2023, expanding to 11 dealers nationwide.
Completed Revamp of Manufacturing Complex: In 2023, the Company completed the overhaul of its Union City, Indiana manufacturing complex.
Sales, net of returns and allowances, for the fourth quarter of 2023 were $4.4 million compared to $3.4 million in the same period last year.

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

Retrieved on:

Jeudi, mars 21, 2024

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points:

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

Route Consultant Prevails in Logistics Legal Battle With FedEx Ground: Court of Appeals Decision

Retrieved on:

Jeudi, avril 4, 2024

Judgement, District court, Growth, FedEx Ground, Small business, FXG

NASHVILLE, Tenn., April 4, 2024 /PRNewswire/ -- On Monday, April 1, the United States Court of Appeals for the Sixth Circuit ruled in favor of Route Consultant following arguments presented in FedEx Ground Package System, Incorporated, v. Route Consultant, Inc.

Key Points:

NASHVILLE, Tenn., April 4, 2024 /PRNewswire/ -- On Monday, April 1, the United States Court of Appeals for the Sixth Circuit ruled in favor of Route Consultant following arguments presented in FedEx Ground Package System, Incorporated, v. Route Consultant, Inc.
This judgment affirms a lower court ruling by Judge Aleta Trauger of the United States District Court and dismisses all charges FedEx Ground brought against Route Consultant.
Spencer Patton, Founder of Route Consultant, has urged the logistics giant to enhance compensation for its small business owners.
Route Consultant remains at the forefront of guiding logistics investors and has facilitated the transfer of ownership for over 4,000 logistics routes in the past two years alone.

FedEx Continues Pledge to HBCUs with Announcement of Third Student Ambassador Cohort

Retrieved on:

Mercredi, février 21, 2024

Today, FedEx, the world's largest express transportation company, announced the third cohort of the FedEx-HBCU Student Ambassador Program.

Key Points:

Today, FedEx, the world's largest express transportation company, announced the third cohort of the FedEx-HBCU Student Ambassador Program.
Students from eight HBCUs will gain exposure to FedEx leadership, team members, and unique learning experiences that help build leadership and career-ready skills.
New participants were selected from the following eight HBCUs, most of which are regionally located in close proximity to a FedEx operating or distribution facility.
The proximity allows students from within these communities more opportunities to engage with Team FedEx and learn about the business.

ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos

Retrieved on:

Mardi, février 13, 2024

ElectraMeccanica has commenced mailing to ElectraMeccanica’s shareholders of the Joint Proxy Statement/Circular and related materials for the ElectraMeccanica Meeting.

Key Points:

ElectraMeccanica has commenced mailing to ElectraMeccanica’s shareholders of the Joint Proxy Statement/Circular and related materials for the ElectraMeccanica Meeting.
Shareholders are encouraged to read the Joint Proxy Statement/Circular and vote their ElectraMeccanica shares as soon as possible.
The following are the key strategic factors underlying the Board of Directors’ unanimous recommendation that ElectraMeccanica shareholders vote IN FAVOR of the ElectraMeccanica Arrangement Proposal:
Equity Position in Xos.
Additional factors supporting the Board of Directors’ decision to approve the transaction and recommend it to ElectraMeccanica shareholders are described in the Joint Proxy Statement/Circular.

The Advanced Leadership Institute and Carnegie Mellon University Announce The 2024 Cohort of The Executive Leadership Academy

Retrieved on:

Vendredi, janvier 26, 2024

PITTSBURGH, Jan. 26, 2024 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University Tepper School of Business (CMU) are pleased to announce the 2024 Executive Leadership Academy cohort.

Key Points:

PITTSBURGH, Jan. 26, 2024 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University Tepper School of Business (CMU) are pleased to announce the 2024 Executive Leadership Academy cohort.
Since 2019, TALI has engaged CMU Tepper Executive Education to assist with developing and delivering content that educates and expands diverse leadership from Pittsburgh through TALI's signature program — the Executive Leadership Academy.
The 2024 Executive Leadership Academy cohort furthers our mission and vision," says Evan Frazier, President and CEO, The Advanced Leadership Institute.
TALI and CMU will welcome the new cohort at the 2024 Executive Leadership Academy Kick-Off Program and Reception on January 26, 2024.

Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers

Retrieved on:

Jeudi, janvier 11, 2024

LOS, Learning, Proxy, Growth, LLP, Independent, Food, Cooley LLP, Cintas, UPS, Sustainability, XOS, GAAP, CBRE, Acquisition, EV, TCO, FedEx Ground, Management

LOS ANGELES and MESA, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos”), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica, (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that they have entered into a definitive arrangement agreement, pursuant to which Xos will acquire all of the issued and outstanding common shares of ElectraMeccanica (the “ElectraMeccanica Shares”) in an all-stock transaction. The members of the boards of directors of both companies unanimously approved the proposed transaction.

Key Points:

Xos is a leading manufacturer of medium-duty commercial electric vehicles for parcel delivery, uniform rental, food and beverage, and cash-in-transit fleets across the United States and Canada.
Xos’ strong growth has been supported by regulations requiring the adoption of zero-emission electric vehicles beginning in 2024.
Xos’ commitment to operational excellence, customer-focused vehicles, and efficient capital deployment is expected to be strengthened by ElectraMeccanica’s strong cash position.
Cooley LLP and Osler, Hoskin & Harcourt LLP are serving as legal counsel to Xos in connection with the proposed transaction.

Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers

Retrieved on:

Jeudi, janvier 11, 2024

Xos is a leading manufacturer of medium-duty commercial electric vehicles for parcel delivery, uniform rental, food and beverage, and cash-in-transit fleets across the United States and Canada.

Key Points:

Xos is a leading manufacturer of medium-duty commercial electric vehicles for parcel delivery, uniform rental, food and beverage, and cash-in-transit fleets across the United States and Canada.
Xos’ strong growth has been supported by regulations requiring the adoption of zero-emission electric vehicles beginning in 2024.
Xos’ commitment to operational excellence, customer-focused vehicles, and efficient capital deployment is expected to be strengthened by ElectraMeccanica’s strong cash position.
Cooley LLP and Osler, Hoskin & Harcourt LLP are serving as legal counsel to Xos in connection with the proposed transaction.