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Workhorse Group and UPS conduct drone delivery test in US

Workhorse Group and UPS conduct drone delivery test in US
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Modern Shipper Top 10: Drones

Drone delivery reached new heights in 2021, and as a result, there was no shortage of interest in the technology. ....

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Production ramp-up pains continue as Workhorse loses $120.5M in Q1

Production ramp-up pains continue as Workhorse loses $120.5M in Q1
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Workhorse Group lost $120.5 million in the first quarter as it delivered six trucks. (Photo: Workhorse)
Workhorse Group (NASDAQ: WKHS) continued to struggle in ramping production of its composite-body electric delivery vans, delivering just six units in Q1.
But the Cincinnati-based company said it has built 38 of its C-Series vans so far this year, most of those in April. Parts shortages and delivery uncertainty led to a downward revision in trucks Workhorse expects to build this year to 1,000 from 1,800.
“Bottlenecks within the global supply chain and offshore shipping delays of commodity raw materials and components as well as our initial stages of production limited our capacity to produce in the first quarter,” Workhorse CEO Duane Hughes said in a press release. ....

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