The Shyft Group Signs Agreement With Rush Enterprises Commercial Vehicle Dealer Group for Sales and Service of Blue Arc™ Electric Vehicles
02 Octubre 2023 - 6:30AM
The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in
specialty vehicle manufacturing, assembly, and upfit for the
commercial, retail, and service specialty vehicle markets, today
announced it has finalized an agreement with Rush Enterprises,
which operates the largest network of commercial vehicle
dealerships in North America, to sell and service the Company’s
Blue Arc™ Class 3, 4 and 5 all-electric delivery vehicles.
“When our customers couldn’t find what they needed and asked us
to enter the EV space for last mile delivery vehicles, we committed
to deliver with commercial-grade quality, innovation, and a strong
focus on driver needs,” said Daryl Adams, President and CEO, The
Shyft Group. “Doing so has enabled us to have outstanding partners
and we could not be more pleased to have Rush Enterprises’ support
getting Blue Arc vehicles on the road across the country.”
The reimagined design and benchmark performance of Blue Arc
all-electric delivery vehicles demonstrates the value that deep
last mile experience brings to the market during this critical
industry transition to clean technology. Blue Arc provides industry
benchmark performance levels for range in commercial EVs with CARB
certification at 225 miles for Class 3 EVs under CARB test
conditions, which gives customers the knowledge they can
comfortably perform and, in many cases, exceed a daily last-mile
delivery route and cargo capacity requirements.
“The Shyft Group’s 50 years of experience in the last mile
delivery market makes them uniquely qualified to create an
impressive EV solution from the ground up. We are confident that
many fleet customers will find Blue Arc’s range and payload
capabilities as a valuable solution to their last mile delivery
needs,” said W.M. “Rusty” Rush, Chairman, CEO and President, Rush
Enterprises Inc. “At Rush Truck Centers, we have a dedicated team
of experts in alternative fuels, governmental policy and grant
funding to help our customers select the best powertrain technology
for their application and duty cycles, while complying with
regulatory requirements and any environmental goals. We are happy
to offer The Shyft Group’s Blue Arc EVs to our Class 3-5 customers
across the country,” Rush added.
The Blue Arc portfolio includes Class 3 all electric delivery
vehicles offering 600, 700 or 800 cubic feet of cargo capacity and
up to 5,000 lbs of payload. The Class 4 offers 700 and 800 cubic
feet and Class 5 provides 900, 1110 and 1,200 cubic feet options
and payload of up to 7,500 lbs.
Shyft’s Blue Arc EV will start customer deliveries in 2024 in
Charlotte, Michigan. Vehicle sales and service support will be
offered through authorized dealerships strategically located across
Rush Truck Centers’ nationwide network.
About The Shyft Group
The Shyft Group is the North American leader in specialty
vehicle manufacturing, assembly, and upfit for the commercial,
retail, and service specialty vehicle markets. Our customers
include first-to-last mile delivery companies across vocations,
federal, state, and local government entities; the trades; and
utility and infrastructure segments. The Shyft Group is organized
into two core business units: Shyft Fleet Vehicles and Services™
and Shyft Specialty Vehicles™. Today, its family of brands include
Utilimaster®, Blue Arc™ EV Solutions, Royal® Truck Body, DuraMag®
and Magnum®, Strobes-R-Us, Spartan® RV Chassis, Red Diamond™
Aftermarket Solutions, and Builtmore Contract Manufacturing™. The
Shyft Group and its go-to-market brands are well known in their
respective industries for quality, durability, and first-to-market
innovation. The Company employs approximately 4,200 employees and
contractors across campuses, and operates facilities in Arizona,
California, Florida, Indiana, Maine, Michigan, Missouri,
Pennsylvania, Tennessee, Texas and Saltillo, Mexico. The Company
reported sales of $1.0 billion in 2022. Learn more
at TheShyftGroup.com.About Rush Enterprises,
Inc.Rush Enterprises, Inc. is the premier solutions
provider to the commercial vehicle industry. The Company owns and
operates Rush Truck Centers, the largest network of commercial
vehicle dealerships in North America, with more than 150 locations
in 23 states and Ontario, Canada. These vehicle centers,
strategically located in high traffic areas on or near major
highways, represent truck and bus manufacturers, including
Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird.
They offer an integrated approach to meeting customer needs — from
sales of new and used vehicles to aftermarket parts, service and
body shop operations plus financing, insurance, leasing and rental.
Rush Enterprises' operations also provide CNG fuel systems,
telematics products and other vehicle technologies, as well as
vehicle up-fitting, chrome accessories and tires. For more
information, please visit www.rushtruckcenters.com,
www.rushenterprises.com and www.rushtruckcentersracing.com, on
Twitter @rushtruckcenter and Facebook.com/rushtruckcenters.
CONTACTS
Media:Sydney Lepora Director of Corporate
Communications The Shyft GroupSydney.lepora@theshyftgroup.com
586.413.4112
Scott WordenSenior DirectorLambert & Co.
sworden@lambert.com248.825.9343
Investors:Randy WilsonVP, Investor Relations
and Group TreasurerThe Shyft
GroupRandy.Wilson@theshyftgroup.com248.727.3755Rush
EnterprisesGary Willis
830-302-5262willisg@rushenterprises.com
Allison Teska830-302-5243teskaa@rushenterprises.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/023cd8c5-5b6e-4590-bfc7-b2d9b7846593
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