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Workhorse mail truck3/29/2023 ![]() ![]() The search for new delivery vehicles took the USPS. December 1, 2020, 2:34 PM 1 min read Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U.S. Photo: Workhorse The United States Postal Service revealed last month that it had chosen Oshkosh Defense to make the next USPS mail truck, which meant that Workhorse, another bidder for the. Production will kick off in the summer of 2023, so perhaps you'll see the funky new vehicles around town by the end of that year. Postal Service awarded a deal for up to 165,000 new mail trucks worth up to 6 billion to defense contractor Oshkosh. The new facility, currently a massive and empty warehouse, will be completely remade to produce the trucks in South Carolina, Oshkosh said. Right now, the plans call for up to 165,000 new USPS mail trucks, though that figure could grow or shrink over time. Workhorse Shares Fall On Delayed USPS Mail Truck Decision. Therefore, WKHS stock advocates expected the company to produce new trucks for USPS. The bill hasn't officially passed yet, so these new delivery vehicles remain in a holding pattern of sorts.Īt any rate, Oshkosh received an indefinite contract to build the vehicles for 10 years. Electric delivery van maker Workhorse (NASDAQ:WKHS) was a relatively unknown company for. Workhorse makes an electric truck that can carry mail. That choice to include gas-powered vehicles prompted many questions from Congress, which last month awarded another $8 billion to the Postal Service to make the nearly all of the new truck electric in a piece of legislation. (NYSE:OSK) to begin replacing its 30-year-old delivery vehicles. Postal Service vehicle in Virginia look to be the prototype of the VT Hackney/Workhorse Group. However, the USPS finalized its choice with Oshkosh to build both electric mail trucks and models with fuel-efficient, low-emission engines. The Postal Service awarded a 482 million contract to defense contractor Oshkosh Truck Corp. Spy shots: The Postal Service's New Electric Mail Truck - Photos taken of U.S. The USPS selected Oshkosh after years mulling over potential contenders, which included an all-electric option from Workhorse. If the bill passes, it could revive a failed bid by electric delivery van maker Workhorse Group ( NASDAQ: WKHS) to win the initial contract for Next Generation Delivery. Postal Service an additional 6 billion to assure next-generation mail trucks run on electricity. It expects it'll need a workforce of 1,000 individuals to put the vehicles together and talked up a boost to local supply chains for further local job growth. Seventeen House Democrats introduced a bill Monday that would give the U.S. On Tuesday, the US firm announced it will build a new factory in Spartanburg, South Carolina, to produce the new mail delivery vehicles. President Joe Biden signed an executive order Jan. While the new US Postal Service mail trucks' powertrains aren't totally final, Oshkosh is gearing up to build them. Oshkosh will build 50,000 to 165,000 mail trucks over the 10-year agreement. ![]()
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