"Ten percent makes no sense and flies in the face of President Biden's recent order to electrify the federal fleet," said Kaptur, who chairs the House Appropriations Subcommittee on Energy and Water Development and co-chairs the House Auto Caucus. Postal Service contract may have legacy Trump politics behind it ‘shocked,’ Cowen analyst says Last Updated: Feb. No studio could churn out films quite like Warner Bros.
prototype vehicles as a test fleet, and in phase 2, UPS would take delivery of the.
However, USPS chief Louis DeJoy recently told lawmakers that only 10% of the new fleet would be electric, which "would be inconsistent" with President Joe Biden's efforts to electrify the entire federal fleet, the lawmakers said.Īccording to the statement, lawmakers are also concerned about reports of "suspicious" stock trades that were placed just hours before DeJoy announced the deal. Workhorse is about to commence production of the C-Series trucks, which should increase visibility for executing the backlog of orders from United Parcel Service, Inc. The main part Ann seemed to be playing in the mid-1930s was that of a Warner Bros. indication that Workhorse would be awarded the USPS NGDV contract. Under the contract, Oshkosh would, over the next decade, manufacture up to 165,000 postal vehicles, roughly a third of the federal government's fleet, according to the announcement. The shares jumped by almost 8% on Tuesday, closing at $16.35.Ī Workhorse Group spokesperson told CNBC that the company applauds "any efforts that support the Biden administration's goal of expanding the government's fleet of clean, non-combustion engine vehicles for the benefit of American tax payors and the environment." An Oshkosh representative didn't respond to CNBC's request for comment. The search for new delivery vehicles took the USPS.
Workhorse ups contract update#
23 that it awarded the first part of the 10-year, multibillion-dollar contract to update the postal delivery vehicle fleet to Oshkosh Defense. Shares of Workhorse Group, an Ohio-based electric-vehicle company that was competing for the contract, dropped by nearly 50% the next day and have barely recovered since then. Postal Service awarded a deal for up to 165,000 new mail trucks worth up to 6 billion to defense contractor Oshkosh. The contract is to replace their fleet of mail trucks/vans worth 6-8 Billion.
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