Oshkosh Corporation Secures Order from Republic Services for 100 McNeilus® Volterra™ Electric Refuse Trucks After Successful Operation of Initial Units

OSHKOSH, Wis.--(BUSINESS WIRE)--Oct 3, 2024--

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has placed an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles. This second order follows the successful operation of initial units into Republic Services' residential collection fleet. This significant order reinforces Republic Services’ commitment to sustainability and the transition to a more efficient fleet.

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Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has placed an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles. This second order follows the successful operation of initial units into Republic Services' residential collection fleet. This significant order reinforces Republic Services’ commitment to sustainability and the transition to a more efficient fleet. (Photo: Business Wire)

“Republic Services has made an industry-leading commitment to fleet electrification, and we look forward to continuing our longstanding partnership with Oshkosh and McNeilus,” said Brett Rogers, Republic Services vice president, operations technology. “Our latest order of Volterra EVs will help us provide cleaner, quieter service to customers and help our municipal partners achieve their climate goals.”

Building on a longstanding partnership, Republic Services first ordered 50 Volterra ZSL electric refuse and recycling collection vehicles from Oshkosh in 2023. As the operator of one of the nation’s largest fleets of vocational trucks, Republic Services is a leader in fleet electrification with plans for electric vehicles to comprise half of its new truck purchases over the next five years. The McNeilus Volterra eRCV, the industry’s first fully integrated electric refuse and recycling collection vehicle, is designed to meet the rigorous demands of waste and recycling collection while managing carbon emissions and providing exceptional total cost of ownership.

“Republic Services has been a valued partner for many years, and we are thrilled to support their sustainability initiatives with our McNeilus® Volterra™ electric refuse and recycling collection vehicles,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “This order is a testament to our shared vision of advancing environmental sustainability while delivering high-performance solutions for waste and recycling management.”

The 100 McNeilus Volterra electric vehicles will be deployed across multiple states, contributing to Republic Services' ambitious goals to reduce greenhouse gas emissions by 35 percent by 2030. Each vehicle is equipped with advanced safety features, including 360-degree cameras, lane-departure sensors and automated braking systems, ensuring both driver and community safety. The Volterra eRCV can operate a full day’s route on a single charge, offering unparalleled reliability and efficiency in refuse and recycling collection.

“In addition to helping advance environmental goals, the Volterra eRCV was thoughtfully designed with drivers, service technicians and business owners in mind,” said Lee Dreas, vice president and general manager of McNeilus Truck and Manufacturing. “We’re proud to offer this innovative solution, which transforms the driver experience while delivering outstanding total cost of ownership advantages.”

The McNeilus Volterra electric refuse and recycling collection vehicles feature a purpose-built chassis and body, integrated as a single unit to maximize interior space and streamline operations. The vehicle’s zero emission certifications from the California Air Resources Board (CARB) and the United States Environmental Protection Agency (EPA) help customers meet stringent environmental regulations and clean fleet goals.

For more information about McNeilus’ Volterra electric refuse and recycling collection vehicles, visit mcneilusgarbagetrucks.com.

To learn more about Oshkosh Corporation, its long and successful history of developing fully electric and hybrid vehicles across a wide variety of industries please visit Oshkoshcorp.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

About McNeilus

McNeilus Truck and Manufacturing, Inc. is a refuse and recycling collection vehicle innovator with leading advancements in electrification, intelligent products, active safety and advanced manufacturing. Product offerings include an expansive lineup of front loaders, rear loaders and side loaders, including EV solutions. McNeilus provides OEM parts and also partners with top equipment dealers across North America to provide best-in-class support and access to service and parts close to home. Learn more: https://mcneilusgarbagetrucks.com/.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

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KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENVIRONMENT TRUCKING EV/ELECTRIC VEHICLES AUTOMOTIVE TRANSPORT AUTOMOTIVE MANUFACTURING OTHER AUTOMOTIVE SUSTAINABILITY MANUFACTURING FLEET MANAGEMENT

SOURCE: Oshkosh Corporation

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