Welcome to our dedicated page for Shyft Group news (Ticker: SHYF), a resource for investors and traders seeking the latest updates and insights on Shyft Group stock.
This page provides a historical news archive for The Shyft Group, Inc., formerly listed on Nasdaq under the symbol SHYF. Shyft described itself as the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Its news flow, as reflected in company releases, covered developments across its fleet and specialty vehicle operations, financial reporting, and corporate transactions.
Shyft’s announcements frequently highlighted activities within its two core business units, Shyft Fleet Vehicles and Services™ and Shyft Specialty Vehicles™, and across its family of brands such as Utilimaster®, Blue Arc™ EV Solutions, Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan® RV Chassis, Red Diamond™ Aftermarket Solutions, Builtmore Contract Manufacturing™, and Independent Truck Upfitters. News items included segment sales information, backlog updates, and commentary on operational efficiency and commercial growth initiatives, as disclosed in its quarterly results releases.
For readers interested in electric commercial vehicles, Shyft’s news archive includes coverage of its Blue Arc Class 4 EV truck receiving Zero-Emission Powertrain Certification (ZEPCert) and a Heavy-Duty Greenhouse Gas (GHG) Enhanced Electric Executive Order from the California Air Resources Board, as well as eligibility for incentive programs such as the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). Other releases describe partnerships, such as the Spartan RV Chassis collaboration with Rush Truck Centers to expand service support for motorhome owners.
A key theme in later news is Shyft’s merger with Aebi Schmidt Holding AG. Press releases document the effectiveness of the Form S-4 registration statement, shareholder approval of the merger, and the completion of the transaction on July 1, 2025, after which the combined company operates as Aebi Schmidt Group. Subsequent announcements note the delisting of Shyft’s common stock from Nasdaq and the expected trading of Aebi Schmidt Group shares under the ticker AEBI. Investors and researchers can use this archive to trace Shyft’s operational history, financial communications, and the steps leading to its integration into Aebi Schmidt Group.
The Shyft Group (Nasdaq: SHYF) announced the opening of a new Shyft Upfit Center in Charlotte, Michigan. This center will provide full-service truck body mounting for its Royal Truck Body, DuraMag, and Magnum products, enhancing their offerings in specialty vehicle manufacturing for ecommerce-driven parcel delivery. The company continues to expand its operations after acquiring F3 MFG and Royal Truck Body, consolidating its position as a national service body manufacturer. Sales from continuing operations totaled $757 million in 2019.
On January 13, 2021, Spartan RV Chassis, a unit of The Shyft Group (NASDAQ: SHYF), announced its participation in two major RV shows in Florida and Arizona. The company will present its newly launched Dealer RV Chassis Connect™ app and the updated Connected Care™ mobile application, designed to assist RV owners with maintenance and service. Spartan RV Chassis has also expanded its Chassis Care Kits, which are customizable and aimed at enhancing owner convenience. The initiative aims to improve customer service and support in a digital environment.
The Shyft Group (Nasdaq: SHYF) is expanding its Charlotte, Michigan manufacturing campus to meet rising demand for its Velocity F2 walk-in van, set to begin deliveries in March 2021. The company plans to hire new manufacturing employees and is seeking state incentives for facility upgrades. With a history of over 40 years in Charlotte, Shyft emphasizes its commitment to the local workforce. The Velocity F2, introduced in October, is gaining traction in the e-commerce-driven delivery market. The company reported $757 million in sales from continuing operations in 2019.
The Shyft Group (NASDAQ: SHYF) announced over 3,000 orders for its new Velocity-F2 delivery vehicle, responding to increased demand in ecommerce. Production will begin in February 2021, with deliveries starting in March. The Velocity-F2 was designed for fuel efficiency and payload capacity, meeting last-mile delivery needs. The company has manufacturing facilities across the U.S. and Mexico, enhancing its market reach. This order reflects a strong current demand in the parcel delivery sector, as consumer interest in ecommerce continues to rise.
The Shyft Group (NASDAQ: SHYF) has donated $125,000 to the Eaton Community Health Collaborative, completing a $1 million pledge over a decade. This initiative aims to support community health in Charlotte, Michigan, where the company was founded. CEO Daryl Adams emphasized the importance of promoting health and wellness during challenging times. The Shyft Group, known for specialty vehicle manufacturing, divested its fire truck business and now focuses on e-commerce-driven delivery vehicles and other specialty markets.
The Shyft Group (NASDAQ: SHYF) announced the appointment of Terri Pizzuto and Mark Rourke to its Board of Directors, effective January 4, 2021. Pizzuto, with nearly 40 years in finance, previously served as CFO of Hub Group, while Rourke is the current CEO of Schneider National (NYSE: SNDR). Their expertise in transportation and logistics is expected to drive growth and enhance shareholder value. The company reported sales of $757 million in 2019 and aims to leverage the new board members' insights for strategic innovations in specialty vehicle manufacturing.
Spartan RV Chassis, a division of The Shyft Group (NASDAQ: SHYF), has launched the Spartan RV Dealer Connect™ app, enhancing access for Class A diesel RV salespeople to essential chassis information. The app offers features like chassis specifications, training courses, and a Spartan Rewards system. Additionally, the existing Connected Care™ app was updated to improve user experience for RV owners, now including a maintenance schedule and service center locator. The efforts aim to support dealers and customers, facilitating better service during the ongoing pandemic.
The Shyft Group (NASDAQ: SHYF) has appointed Michael Dinkins to its Board of Directors, effective December 1, 2020. Dinkins brings nearly 30 years of executive financial experience, previously serving as CEO and CFO for several publicly traded companies. He currently leads Dinkins Financial, aiding private equity firms in acquisitions. Chairman James Sharman welcomed Dinkins, highlighting his financial expertise as a valuable asset for the company's growth strategy. The Board now includes other notable directors and reflects a commitment to enhance shareholder value.
Strobes-R-Us, part of The Shyft Group (NASDAQ: SHYF), is hosting a fleet seminar at its new West Palm Beach facility on Nov. 16, 2020. The event aims to educate attendees on fleet management best practices and showcase new upfit innovations. Participants will have the chance to view a service body upfit from DuraMag, Shyft's recent acquisition. This seminar comes alongside the launch of Strobes-R-Us' redesigned e-commerce website, enhancing service and product accessibility. The move signifies Strobes-R-Us' ongoing commitment to growth in the specialty vehicle market.
The Shyft Group, Inc. (NASDAQ: SHYF) has declared a cash dividend of $0.025 per share of common stock, payable on or before December 18, 2020. Shareholders on record by the close of business on November 18, 2020 will receive this dividend. President and CEO Daryl Adams emphasized the Board's confidence in the company's strong financial status and commitment to returning cash to shareholders. The Shyft Group reported $757 million in sales from continuing operations in 2019, positioning it as a leader in specialty vehicle manufacturing.