Oshkosh Truck Corp.

Oshkosh takes victory lap over Postal Service delivery truck contract

Oshkosh Truck Corp. (NYSE: OSK) can make 100% battery-electric delivery trucks for the U.S. Postal Service, undercutting an assertion by Workhorse Group (NASDAQ: WKHS) that being its passed over for the contract dooms the mail service to remaining a source of planet-warming greenhouse gas emissions.

Not so, Oshkosh President and CEO John Pfeifer told analysts on the company’s fiscal second-quarter earnings call Wednesday.

“We can do 100% electric vehicles from Day One,” Pfeiffer said. “If the...

https://s29755.pcdn.co/news/oshkosh-takes-victory-lap-over-postal-service-delivery-truck-contract

Buttigieg punts on ‘rethinking’ Postal Service truck contract

Secretary of Transportation Pete Buttigieg would not commit to “rethinking” a long-term contract recently awarded by the U.S. Postal Service for its new mail trucks, even though the contract does not quite align with the Biden administration’s zero-emission vehicle goals.

Asked about doing so by the news organization Axios during a virtual news conference on Friday, Buttigieg acknowledged that the federal government should “walk the talk” when it comes to transitioning to electric vehicles (EVs)...

https://www.freightwaves.com/news/buttigieg-punts-on-rethinking-postal-service-truck-contract

More Postal Service money could revive Workhorse mail truck bid

Seventeen House Democrats introduced a bill Monday that would give the U.S. Postal Service an additional $6 billion to assure next-generation mail trucks run on electricity.

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 Vehicles.

Some key Democrats back the legislation. They include Rep. Peter DeFazio of Oregon, who chairs the Transportation and Infrastructure Committee, and...

https://s29755.pcdn.co/news/more-postal-service-money-could-revive-workhorse-mail-truck-bid

Workhorse lawyers up in mail truck contract dispute with Postal Service

Workhorse Group (NASDAQ: WKHS) expects a “prolonged process” to alter the U.S. Postal Service’s decision to award next-generation mail truck business to defense contractor Oshkosh Truck Corp. (NYSE: OSK).

The Loveland, Ohio-based Workhorse was stunned last week when the Postal Service awarded a 10-year contract initially worth $482 million to the Wisconsin company. Oshkosh makes military vehicles, fire trucks and ambulances.

The Next Generation Delivery Vehicle (NGDV) business came down to three...

https://s29755.pcdn.co/news/workhorse-lawyers-up-in-mail-truck-contract-dispute-with-postal-service

Workhorse may fight mail truck order awarded to Oshkosh

Workhorse Group (NASDAQ: WKHS) will meet face-to-face with the U.S. Postal Service on Wednesday and may fight to be included in the program for next-generation mail delivery trucks.

The Cincinnati-based company was stunned last Tuesday when the Postal Service awarded a 10-year contract worth an initial $482 million to defense contractor Oshkosh Truck Co. (NYSE: OSK) for the Next Generation Delivery Vehicles.

“This is not the result we had anticipated or hoped for,” Workhorse CEO Duane Hughes said...

https://www.freightwaves.com/news/workhorse-may-fight-mail-truck-order-awarded-to-oshkosh

Workhorse share collapse raises pressure on debt repayment

Workhorse Group Inc. (NASDAQ: WKHS) continued to lose investors Wednesday, a day after it was left out of a multibillion-dollar U.S. Postal Service contract to make next-generation mail delivery vehicles.

The Postal Service awarded a 10-year contract to defense contractor and off-highway equipment manufacturer OshKosh Truck Corp. (NYSE: OSK) on Tuesday. Day traders and several analysts felt the contract was Workhorse’s to lose.

Workhorse “intends to explore all avenues that are available to...

https://s29755.pcdn.co/news/workhorse-share-collapse-raises-pressure-on-debt-repayment

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