Benzinga | Dec 2, 2021 01:25PM EST

Xos Bags Multi-Million Dollar Truck Order From Route Consultant

* Xos Inc. (NASDAQ:XOS) has received a multi-million dollar purchase order for 40 Xos last mile delivery vehicles from Route Consultant, a broker, and a consultant for FedEx Corp's (NYSE:FDX) FedEx Ground contractors. The financial terms were not disclosed.

* The 40 last mile delivery vehicles are slated for delivery in 2022 across three cities in the Midwestern U.S.

* Under this contract, ten trucks will be delivered to Springfield, Illinois, twenty to St. Louis, Missouri, and ten to Terre Haute, Indiana.

* Price Action: XOS shares are trading higher by 1.08% at $3.75 on the last check Tuesday.