Tiger Brokers

Market Chatter: FedEx Places Order for 2,000 Harbinger Electric Trucks in $300 Million Deal

MT Newswires Live
Yesterday

FedEx (FDX) has placed an order for 2,000 all-electric trucks from Harbinger Motors in a deal valued at more than $300 million, Bloomberg reported Wednesday, citing a statement from the electric-vehicle startup.

Harbinger plans to deliver the vehicles by the end of 2027 and FedEx will deploy the trucks across its pickup and delivery operations in the US and Canada, replacing an equal number of internal-combustion vehicles, according to the report.

The deal is expected to be announced later on Wednesday, Bloomberg said.

The companies didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 286.76, Change: -0.72, Percent Change: -0.25

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10