Biden Administration pushes again for more EVs in USPS fleet order

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The drama with the USPS delivery order took another turn today with the Biden administration launching another effort to add more electric vehicles to the order with a request for a public hearing and more negotiations.

The backdrop is that the USPS is on a path to spend $11.3B on as many as 165K new delivery trucks over the next decade.

Last year, shares of Oshkosh (OSK -1.8%) soared and Workhorse Group (WKHS -10.0%) fell after the postal agency awarded a 10-year contract to OSK to manufacture a new generation of U.S.-built postal delivery vehicles as part of a dramatic modernization of the USPS fleet. That led to several months of squabbling until Workhorse withdrew its legal challenge in September.

Compare performance and valuation metrics on Oshkosh and Workhorse Group side by side.

Comments

[Ruffdog]

Converting these little USPS delivery trucks to EVs is ideal in that they start and stop hundreds of times a day and starting is when they use the most fuel and spue out the most pollution.

[JohnBeck11]

@Ruffdog They don't turn the trucks off when they stop at a mailbox. They do when delivering packages but not everybody gets packages. UPS and FedEx could deliver better and cheaper to a lot of addresses. The problem is Congress and now the President! Dictates from DC are stupid.

[jdpohio]

@JohnBeck11 These will also be used on city routes. My route was only 10 miles driving over 6 1/2 hour period. I would drive a short distance, usually under 1/2 mile, shut the vehicle off and would be parked there anywhere from 20 minutes to 45 minutes. Counting parcels I would start my vehicle and turn it off close to 60 times a day.

[Ol' Hickory]

Joe said, “We want those brown trucks green! Where’s my jello?”

[Be A Man]

Will this have any effect on Wkhs??

[Ruffdog]

@Be A Man Wkhs?