Workhorse group usps


3. The solution targets savings to the USPS in reduced fuel expenses, Nov 25, 2019 · Workhorse Group Inc. 3 days ago Workhorse Group says electric vehicle energy costs 35% of what diesel named a finalist for the pending USPS $6 billion postal truck contract. GovDeals is the place to bid on government surplus and unclaimed property including heavy equipment, cars, trucks, buses, airplanes, and so much more. , shines. Washington, NC, September 21, 2016 - The United States Postal Service has provided notification that VT Hackney is one of a select group of companies awarded a prototype contract under the Next Generation Delivery Vehicle (NGDV) Acquisition Program. May 10, 2019 · On May 8, President Trump announced General Motors’ intention to sell its Lordstown Assembly plant to the Cincinnati-area Workhorse Group (a company that reported revenues of just $763,173 in May 21, 2015 · USPS needs to buy up to 180,000 vehicles, and would like to purchase them for $25,000 to $35,000 per vehicle (total some $4. Further, Workhorse Group is well cut out for the massive USPS contract. The contract Workhorse Group to Unveil New C650 Electric Step Van at NTEA : Dec 19, 2019 : Workhorse Appoints Steve Schrader as Chief Financial Officer: Dec 4, 2019 : Workhorse Sells SureFly® Nov 13, 2019 : Workhorse Adds EnerDel as a Battery Suppliers: Nov 8, 2019 : Workhorse Group Reports Third Quarter 2019 Results : Nov 7, 2019 United Parcel Service Inc said on Thursday it is partnering with truck maker Workhorse Group Inc to build electric delivery vans that could replace tens of thousands of vehicles in the package Aug 08, 2019 · Workhorse Group, pictured, Wednesday, May 8, 2019, in Loveland, Ohio, is expected to purchase General Motors' idled Lordstown Assembly plant to build electric trucks. The company focuses on last-mile delivery. Jun 10, 2019 · Workhorse Group, the electric vehicle company that grabbed headlines last month over a proposed deal to buy General Motors’ Lordstown, Ohio factory, has raised $25 million from a group of Shares of Workhorse Group The United States Postal Service (USPS) has been conducting road tests of new competing vehicles to replace the iconic and outdated Grumman LLV truck. – based original equipment manufacturer of medium duty EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA compliant unmanned aerial systems (UAS) delivery drones. Postal Service mail truck contract has broken up Workhorse Group, a bidder on the $6. Workhorse Has Huge Opportunity With USPS, Analyst Says In Bullish Initiation Apr 23 Workhorse Group Sets First Quarter 2020 Earnings Call for Wednesday, May 6, 2020 at 10:00 a. Workhorse Group Inc's (NASDAQ:WKHS, Recent Price: 1. “The Hackney/Workhorse team has designed a safe and ergonomic vehicle Workhorse Group Inc. S. Share your opinion and gain insight from other stock traders and investors. Workhorse is also an all-electric vehicle manufacturer, so a lot of investors are looking at it as the “next big thing. All employees on this … Source: Workhorse Group Presentation The company is an OEM, capable of manufacturing Class 3-6 commercial-grade, medium-duty trucks. May 09, 2019 · Workhorse spokesman Tom Colton told the Business Courier that if it lands the USPS contract, the vehicles would not necessarily be built in Lordstown. Workhorse Group Successfully Passes FMVSS Tests for Its All-Electric Delivery Vans PR Newswire (US) - 6/23/2020 9:00:00 AM Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/26/2020 5:29:35 PM Earnings for Workhorse Group are expected to grow in the coming year, from ($0. 2 million-square-foot facility was viewed as a “potential competitive advantage” to landing the $6. 10 stocks we like better than Workhorse Group The Postal Service returns to the idea of all-electric delivery trucks. Workhorse is also in the running, in partnership with VT Hackney, for the contract to produce the next-generation USPS mail truck. Presentation by: Steve Burns. VT Hackney and Workhorse Group Team Enter Prototype and Testing Phase of USPS Next Generation Delivery Vehicle (NGDV) Program CINCINNATI, Sept. Jun 29, 2020. the Market. Working to engineer all electric models of trucks, vans, and even drones, Workhorse is creating efficient and environmentally friendly delivery vehicles. The drone, which operates autonomously, launches from the truck, delivers a package to a home and then returns to the delivery truck while the driver continues along the route to make a separate delivery. 50 price target. com - Paid Partner Content. Shares of Workhorse Group (NASDAQ: WKHS), a tiny automotive start-up focused on building electric delivery vans and drones for transportation companies, saw its stock surge higher in Tuesday Workhorse Group's Q1, 2020, and 2021 Earnings Trimmed by Analysts 8:50AM ET 3/18/2020 MT Newswires. Jul 15, 2019 · Not only does Workhorse have the technology to develop trucks for the massive USPS contract, it also develops cloud-based, real-time telematics monitoring systems with the ability to give fleet operators a way to optimize energy and route efficiency -- which sounds like a marriage made in heaven for the Postal Service. The company will produce around 300 to 400 delivery vans that aim to replace outdated models from The VT Hackney/Workhorse Group model is electric. Find the latest Workhorse Group, Inc. Postal Service as early as the second half of 2020, according to Roth Capital Partners. VT Hackney Awarded Prototype Contract by USPS for NGDV. , teaming up with Workhorse, a builder  2 Jul 2018 In addition, Workhorse has submitted six prototype “Next Generation Delivery Vehicles” (NGDV) for the United States Postal Service (USPS). Postal Service as early as the second half of 2020, according to Roth Capital Partners Shares of Workhorse Group (NASDAQ: Meanwhile, Workhorse has its eye on a big $6 billion contract that the U. The vehicles were designed to run for 24 years. The HorseFly is differentiated from other UAVs as it is designed to work in tandem with a Workhorse electric truck. The company is a finalist for the work along with partner VT Hackney, a specialty vehicle maker. On March 6, 2015, Workhorse Group Inc. Workhorse, which designs and manufacturers electric fleet-style delivery trucks, would hold a minority stake in the yet-to-be-named startup by Workhorse founder and ex-CEO Steve Burns, who hopes Here at The Motley Fool, we haven't written a lot about Workhorse Group -- not since July, at least, when the stock posted an impressive 18. 01. 91%) 06/03/20 At Home Group rises 23. , an electric truck maker in the Greater Cincinnati area, to sell the facility that stopped making the Chevrolet Cruze on March 6. The USPS received prototype NGDV vehicles the week of 18 September; actual testing by letter carriers began the week of 2 October. Atlanta, GA. 00 For 100% Downside Jul 26, 2019 · This helps Workhorse’s position in the bidding war. Workhorse Group Sets First Quarter 2020 Earnings Call for Wednesday, May 6, 2020 at 10:00 a. Andy Medici writes that Workhorse Group proposes the use of an all-electric delivery truck with functions that enable it to launch drones, with the aim of May 13, 2015 · The Workhorse Group — with its electric truck and a drone delivery system — is among the 15 companies qualified by the U. Workhorse Group, the electric vehicle startup working on everything from a plug-in hybrid pickup truck to a prototype replacement delivery truck for the U. The W-15 PHEV will start at $52,200 and is said Thinking we will hit $12 by 2022 :) Oct 05, 2017 · Current Report Filing (8-k) - Workhorse Group Inc. 2 Oct 2019 The U. Price to Earnings Ratio vs. 3 billion USPS mail truck contract, will buy certain assets from bid partner, VT Hackney; says relationship inactive. 7 Nov 2019 Workhorse Group is meanwhile among the bidders for a lucrative contract to make plug-in mail trucks for the U. 5 billion), but trucks must last at least 20 years. Postal Service to make next-generation Jul 15, 2019 · To be clear, this is all speculation, and Workhorse's stock has already soared in the months since GM and the company entered into discussions about its Ohio plant, making the stock risky. On a year-to-date basis, shares of Workhorse soared more than a whopping 580%. Our Client Support Center team develops a variety of technical manuals to minimize downtime in your operation. That number would climb to 3,000 employees over several years if the company were to be awarded the USPS contract to make the next generation of postal service van. Other Events. Collaborators seek ways to support US Coronavirus response amid social distancing protocols. Workhorse Duane Hughes, director of sales at Workhorse Group, Inc. PRESS RELEASE. 07, 2017 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (the “Company”) responded to a Request for Information and Prequalification from the United States Postal Service (“USPS”) for its Next Generation Sep 05, 2019 · Since Workhorse Group has previously supplied 125 electric-powered delivery trucks to UPS (NYSE:UPS), there is speculation that the company could be in line for the $6. I'm 20 years old and my interest for the stock market began at age 16 which later grew into becoming my lovely addiction and before graduating high school i already had a detailed plan on how i would become financial independent and self employed as quick as possible, the first milestone to reach before continuing my dreams are to reach an entire net worth of $100 000 dollars. Sep 19, 2016 · Analysts are weighing in on truck manufacturer Workhorse Group Inc (NASDAQ:WKHS), steel stock AK Steel Holding Corporation (USPS), which could result in a $5 billion procurement. Willison's appointment follows the recently announced promotion of Duane Hughes to Workhorse CEO. (NASDAQ: WKHS), an American technology company focused on changing the way the world works by providing sustainable and cost-effective transportation solutions, today reported financial results for the third quarter ended September 30, 2018. The company was founded in 1998 by investors who took over the production of General Motors' P30/P32 series stepvan and motorhome chassis. m. have made it to the 16-company shortlist with their octocopter drone delivery system, Feb 22, 2018 · The vehicles will be new from the ground up and developed by Workhorse Group, which has worked with UPS on green trucks in the past. As a direct result of the USPS award and development efforts, Workhorse has begun development on the Workhorse W-15, a medium- and light-duty pickup truck platform aimed at commercial fleets. Workhorse is a technology company focused on providing electric Jul 15, 2019 · Not only does Workhorse have the technology to develop trucks for the massive USPS contract, it also develops cloud-based, real-time telematics monitoring systems with the ability to give fleet operators a way to optimize energy and route efficiency -- which sounds like a marriage made in heaven for the Postal Service. 9 May 2019 of Cincinnati's Workhorse Group was met with surprise and no shortage for the U. What do we know about this prototype van for the USPS? We Oct 05, 2017 · On March 6, 2015, Workhorse Group Inc. Workhorse W-15  6 Jun 2019 Barra said GM still hopes to sell the plant to Workhorse Group, It is a finalist in bidding for a $5 billion U. Electric-Vehicle Mania Lifts Tesla Apr 22, 2015 · It is the lowered maintenance costs and the look toward the future where Hughes thinks Workhorse Group, Inc. 43 (6. The VT Hackney/Workhorse team reportedly will add a custom body to a modified E-Gen plug-in hybrid platform to build a truck with a GVW of around 6500 pounds. The W-15 pickup truck powertrain is a smaller version of its sister vehicle, the medium-duty battery electric powertrain, and will have two purpose-built CINCINNATI, Aug. Workhorse Group, a bidder on the $6. Item 8. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to Ohio-based technology manufacturer Workhorse Group has unveiled its latest vehicle for fleet customers, the electric W-15 pickup truck. But Workhorse is not just Oct 28, 2016 · incentives and Workhorse Group qualifies as an approved supplier in each program. (NASDAQ:WKHS) is a technology company focused on providing electric mobility solutions to the transportation sector. (WKHS) stock discussion in Yahoo Finance's forum. Postal Service. are down 4% in Wednesday trading, putting them on track to LORDSTOWN — Should a company affiliated with Workhorse Group Inc. ” The delivery drone is designed to be used in tandem with electric package delivery trucks, some of which are already deployed in FedEx and UPS fleets. This subreddit is not affiliated with or endorsed by the United States Postal Service. ” Add in a USPS contract and this stock Jun 10, 2019 · Workhorse Group (NASDAQ: WKHS) has announced a $25 million round of capital infusion from institutional investors as it works to finalize research and development (R&D) of its NGEN electric van and scale production. On April 14, 2015, the USPS notified Workhorse that it had advanced in the NGDV Acquisition Program as a prequalified supplier. ET. 3 billion contract with USPS, said Workhorse Workhorse says in comparison to their existing fleet of clunkers, the USPS could pay for a new fleet in less than a decade due to their much lower operations and maintenance costs. 24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Stay tuned. Postal Service's lucrative next-generation van contract. WKHS has Workhorse Group Inc. Utilimaster is with you for the life of your vehicle. Sep 22, 2016 · Contact: Mike Dektas Workhorse Group Inc. Apr 01, 2020 · SONOMA COUNTY, CA — A postal worker in Santa Rosa has tested positive for the new coronavirus, the U. Suffice to say, I was dead wrong on the direction Aug 06, 2019 · Workhorse shares closed Tuesday at $3. ELECTRIC DELIVERY VEHICLES IN PRODUCTION. Perhaps this plant purchase is in anticipation of getting this deal? Managed all development engineering efforts including Chief Engineer for the USPS effort. 21 May 2015 Workhorse has presented its bid for the huge USPS contract. WORKHORSE GROUP INC. ("VT Hackney"), another pre-qualified supplier, to design and build the body and the joint response to the USPS NGDV RFP was delivered by the USPS Aug 31, 2016 · Commercial drone deliveries could be closer than anticipated, according to Cincinnati-based Workhorse Group, which operates an eight-rotor “octocopter,” also called “HorseFly. Related Video: Jun 24, 2020 · Workhorse Group (WKHS) Stock is up big on safety approval for their C class delivery vans. CINCINNATI, May 7, 2019 /PRNewswire/ -- Workhorse Group Inc. UPS announced Tuesday its plans to deploy 50 electric delivery trucks that will rival the costs of traditional fuel vehicles. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. Oct 11, 2017 · Workhorse’s snub-nosed creation appears to check all of those boxes. WKHS. The USPS is expected to announce around March 1 what company Workhorse Group Incorporated is an American manufacturing company based in Cincinnati, Ohio, currently focused on manufacturing electrically powered delivery and utility vehicles. Apr 23, 2020 8:00 AM EDT. But this week, the US Postal Service pushed back its plan to award an expected $6 billion in contracts for the next-generation mail truck. 55 percent. In addition to the Karsan/Morgan Olson team entry, VT Hackney/Workhorse Group also are participating as a duo. But the workhorse of post office vehicles, which is what she was offering, is the LLV, or Long-Life Vehicle. Horsefly UAS delivering a package. Postal Service as early as  13 May 2020 the Postal Service for evaluation. (WKHS) stock discussions in Yahoo Finance's forum. has appointed Robert Willison, former company director of research and development, to COO. NIO, Nikola NKLA and Workhorse Group WKHS have recorded a meteoric rise in their share price during the period. (Photo: Kareem Elgazzar/The The Grumman Long Life Vehicle (LLV) that has been delivering America’s mail since the 1980s is nearing the end of its Long Life, and there’s potentially 180,000 U. Postal Service has “modified” its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman  HTML video is not supported by your browser. FCA has started delivering another 3,339 Ram ProMaster [Fiat Ducato] cargo vans to the U. At first glance one might assume this fleet to be a to be a beneficial new asset to the USPS, however the multi-billion dollar purchase comes at a time when the financially beleaguered Workhorse/Hackney Mail Truck Bidding Team Breaks Up. com 212-825-3210 The drone and the delivery truck were made by Workhorse Group. ET Mar 18, 2019 · Toll-free replay number: 877-660-6853 International replay number: 201-612-7415 Replay ID: 13687762 About Workhorse Group Inc. It operates at a FedEx Workhorse Group Unveils New Grey-Designed Brand Identity - 08/16/2018. 3 Sep 26, 2016 · Workhorse: Strong Sell On Insolvency, Failed USPS Bid, Unviable Products, New Price Target Lowered To $0. Workhorse Group - Original Equipment Manufacturer of Electric Trucks, Aerial Delivery Drones & Telematics Navistar Chassis Plant Panasonic Supply Agreement Low Cost Battery Producer BMW REx Supply Volume Sales to UPS Agreement First Commercial Drone Launch USPS Prototype Contract Workhorse Custom Chassis - The Low Cost Producer in The COVID-19 pandemic has made the U. Until May 1, 2019, we have the right and option to require Duke to sell the 615,000 Cells back to Workhorse and Duke has the right and option to require Workhorse to purchase the 615,000 Cells at price equal to the price the 615,000 Cells were sold. The winning prototype will land a lucrative contract to replace up to 180,000 mail trucks estimated at more than $6 billion in business. , the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U. Apr 21, 2015 · But one of the companies, Workhorse Group , is hoping to make an impression by showing that the future could involve drones to deliver packages while mail carriers work their normal routes. It operates through two divisions, Automotive and Aviation. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective May 08, 2019 · A tweet by President Donald Trump sent shares of penny stock Workhorse soaring Wednesday. Postal Service as early as  12 May 2020 Workhorse Group, a small Loveland, Ohio, electric truck builder, had teamed up with truck body maker VT Hackney. Workhorse said will pay VT Hackney $7 million for certain intellectual property and engineering assets and that the companies are no longer working together. , and VT Hackney apparently collaborating with Workhorse. 2 million-square-foot assembly complex in  06/25/20 Roth Capital: Workhorse Group price target raised to $12 from $4 at which should lead to increased truck orders and expectations around a USPS  18 May 2020 The United States Postal Service has extended its deadline for Workhorse submitted a proposal for what could be a $6 billion 'I couldn't believe it': Group of kayakers discovered decomposed body in Mahoning River. The US Postal Service is in the process of selecting a replacement for its aging fleet of delivery vans. Workhorse Has Huge Opportunity With USPS, Analyst Says In Bullish Initiation . The Workhorse Group and VT Hackney team competing for the multi-billion-dollar U. Workhorse Has Huge Opportunity With USPS, Analyst Says In Bullish Initiation. 70 / +0. Under the proposed deal being discussed with GM, Workhorse’s founder and former CEO, Steve Burns, would form a new private company called Lordstown Jul 02, 2019 · Sometime this summer, the United States Postal Service is scheduled to release a much-awaited proposal for new mail delivery trucks. 513-266-3590 Mike. Workhorse Group Inc. 212 connections. UPS (NYSE:UPS) today announced it plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies – an industry first that is breaking a key barrier to large scale fleet adoption. FedEx is also in Workhorse Group's HorseFly line of Unmanned Aerial Vehicles (UAV) is designed to be the 'last mile' solution in delivery logistics. The company has developed several transportation technologies for final mile delivery, including the electric walk-in van and truck-mounted delivery drone, Shlisky tells investors in a research note. Posted December 4, 2017 by Charles Morris & filed under Newswire, The Vehicles. (NYSE: UPS) to sell 950 of its N-GEN plug-in electric delivery vehicles. 3 billion USPS mail truck contract, will buy certain assets from bid partner, VT Hackney; says relationship  28 Apr 2020 Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. The USPS bidding process called for test vehicles to be delivered by September, but the Workhorse truck is the first one that Feb 05, 2019 · The NGEN cargo vans are created by Workhorse Group and are the same model UPS plans to test in Atlanta, Dallas and Los Angeles. May 08, 2019 · Another hurdle DeWine identified is the prospect of Workhorse securing a multibillion-dollar contract with the U. -based original equipment manufacturer of medium-duty, battery-electric delivery vehicles and fully integrated truck-launched, FAA compliant unmanned aerial systems Workhorse partnered exclusively with VT Hackney for the $6B+ United States Postal Service (USPS) Next Generation Delivery Vehicle (NGDV) replacement program Successfully awarded a six-vehicle prototype contract to build electric, range extended low-floor chassis vehicles as part of the USPS NGDV program USPS Goal: To obtain vehicles that will help Owner resources from Utilimaster, a Spartan Motors Company. By PR Newswire. , Mahindra, and a partnership between VT Hackney and Workhorse Group. (WKHS) and VT Hackney has been selected as one of six manufacturers awarded a prototype contract by the United States Postal Service (USPS Jun 24, 2020 · Workhorse Group (WKHS) Stock is up big on safety approval for their C class delivery vans. Sector Jun 01, 2020 · Workhorse Group Inc. The United States Postal Service’s fleet ranges from 14-28 years old, with an average of 21 years. (the “Company”) responded to a Request for Information and Prequalification from the United States Postal Service (“USPS”) for its Next Workhorse Group, Inc. 22 Apr 2020 Electric vehicles for the US Postal Service would reduce noise, air, and carbon Jeff Greenberg/Universal Images Group via Getty Images  6 Aug 2019 Workhorse Group Inc. Condition is Manufacturer refurbished. In 2001, to celebrate the Nobel Prize’s 100th anniversary, the Postal Service issued a 34-cent stamp featuring a profile portrait of award patron Alfred Nobel and drawings of the gold Nobel medal. is a U. automotive 38. Postal Service contract would be Feb 22, 2018 · DETROIT (Reuters) - United Parcel Service Inc <UPS. S. The truck is designed to provide the power needs of the light-duty pickup fleet market along with a significant reduction in emissions and a lower total cost of ownership than any other vehicle in the field. "Our aim is to have at least 25% of our fleet made up of green vehicles by 2020; we are currently at around 13% (with a fleet of ~1,800 vehicles)" Robert Mintz, the senior communications manager at DHL, told Supply HOME At Home Group $7. Shipped with USPS First Class Package. Postal Service as potential suppliers of its next-generation delivery vehicle. Why Workhorse Group Stock Is Up Today. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. Postal Service posted the screengrab of a CNBC video with the title "USPS Drones?" "This morning, the Workhorse HorseFly package delivery drone was featured on CNBC," writes Cincinnati-based Workhorse Group, creators of the drone and its launch vehicle. Apr 23, 2015 · USPS Adds Another 3,000 Ram ProMaster Vans. WKHS 19. (“VT Hackney”), another pre-qualified supplier, to design and build the body and the joint response to the USPS NGDV RFP was delivered by the USPS deadline of February 5, 2016. 6 Aug 2019 For the first time, Workhorse Group is tying the possibility of a huge contract with the U. Postal Service contract to replace  Workhorse Group (WG) seems to have delayed the W-15 range Photos of their USPS Next Generation Delivery Vehicle also appear to show  6 Mar 2018 s USPS mail truck prototype was spotted testing in rural Ohio. 25 Jan 2018 The postal service goal of the $6B+ NGDV replacement program is to obtain vehicles that will help provide reliable and efficient delivery service . 20 in Lithia, Florida, UPS demonstrated drone delivery from one of its parcel cars. The potential has only gotten bigger as investors speculate that Workhorse could soon win an even bigger order from the USPS, which is looking for someone to replace its ancient fleet of The deal would create a new venture with Workhorse owning the facility and would keep at least a few hundred workers to convert the facility into making Workhorse products. com Media: Laura Radocaj Dian Griesel Int’l. Karson/Morgan is making a hybrid truck that is also being considered. USPS PACKAGE SERVICES FORUM RECAP 67 July 8, 2015; RARC-IB-15-003 Sep 04, 2019 · Workhorse Group got a lot of press a few years ago when it was announced the company had won a contract to sell 125 hybrid electric delivery trucks to UPS. Oct 10, 2017 · — Workhorse Group (@Workhorse_Group) September 28, 2017. plant in Union City, IN, purchased from Navistar… Publicly held Company The Workhorse Group already has several electric delivery vehicles used across the country with the same powertrain technology it plans to use for the Workhorse W-15, the company's name for the Mar 04, 2017 · Workhorse Group will build the W-15 PHEV pickup at its Union City factory in Ohio where it says it has the capacity to produce 60,000 units a year. Sep 26, 2016 · And in fact, some teaming up has already been announced or speculated, with Karsan joining forces with the REV Group, Milwaukee, Wis. Jul 02 / MotleyFool. VT Hackney/ Workhorse Group also are participating as a duo to offer up an  21 Jun 2018 Mahindra's USPS Mail Truck Prototype Spotted Stateside Corp. Workhorse is among five finalists vying for the contract, which includes replacing as many as 180,000 vehicles. Recently, the USPS released a list of pre-qualified companies, from which vehicles will be evaluated for delivery duties ahead of a contract being issues to supply an estimated 180,000 vehicles to the USPS. CINCINNATI, Nov. lost $37 million on sales of just $6,000 in the land a major contract to build delivery vehicles for the U. , feet and experienced workforce could bode well for Workhorse's bid to win a possible $6. The company not only develops electric vehicles, but it also develops cloud-based, real-time telematics monitoring systems. Read. Image sourced from Pixabay “The USPS wants a vehicle to operate efficiently and economically for 20 years,” said Steve Burns, Workhorse Group CEO. D. Why Workhorse Stock Spiked Higher Again This Morning. "It has a 30-minute flight timeand can carry a package weighing up to 10 pounds. But first, an agreement with the United Auto Workers is needed, said Ohio Gov. Postal Service more essential than ever, with Americans across the country, particularly vulnerable populations like the sick and the elderly, relying on their services for packages and letters as well as ballots and medications,” said Leader Schumer. winning the U. UPS has ordered 950 N-GEN electric delivery vehicles from Workhorse, the American technology company headquartered in Loveland, Ohio. Mike DeWine. The vehicle is currently in service at the FedEx facility in Menands, NY. Burns started and ran Workhorse to develop battery-electric powertrains for delivery trucks. 3 billion contract from the U. The P/E ratio of Workhorse Group is -28. Dektas@workhorse. Tags: electric trucks, GM, Lordstown, Lordstown factory, ohio, post office, USPS, VT Hackney, Workhorse, Workhorse Group About the Author Frugal Moogal A businessman first, the Frugal Moogal looks Virginia Center For Innovative Technology (CIT), UPS, DroneUp, And Workhorse Group Test Unmanned Systems For Coronavirus Response. Nov 14, 2016 · Workhorse partnered with VT Hackney, Inc. It's free! Your colleagues, classmates, and 500 million other professionals are on Workhorse Group, Inc. Strictly Confidential. lradocaj@dgicomm. 29 (+3. , a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed. O> to build electric delivery vans that could replace tens of The USPS recently announced the finalists for a possible vehicle contract to replace the agency’s aging fleet. Among the expected names like Ford, Chrysler, Fiat, and Nissan is Cincinnati-based Workhorse Group. Postal Service, which is looking for a manufacturer to build its next-generation fleet of delivery trucks. 5 billion contract with the United States Postal Service for 180,000 such vehicles. com. Dougherty analyst Michael Shlisky initiated coverage of Workhorse Group with a Buy rating and $4. However, the United States Parcel Service (USPS) model looks a bit different. The Workhorse C-Series electric delivery truck platform, in partnership with Ryder systems (NYSE: R) , will be available in multiple size configurations, 450, 650 and 1,000 cubic feet. 1 Feb 2020 Steve Burns left his previous company, Workhorse Group, in early 2019 in hundreds of U. C. (the “Company”) responded to a Request for Information and Prequalification from the United States Postal Service (“USPS”) for its Next Mar 04, 2017 · Workhorse Group will build the W-15 PHEV pickup at its Union City factory in Ohio where it says it has the capacity to produce 60,000 units a year. Working in collaboration with Workhorse Group, the goal of the fleet Usps workhorse Have you heard the expression 'genteel poverty' and wondered what it meant? Previously, that term would conjure a vision of two little old ladies who had 'come down in the… Mar 05, 2018 · There are five contenders in the competition, which the USPS has named the Next Generation Delivery Vehicle, or NGDV, program. Nov 22, 2017 · VT Hackney is building the body of the prototype vehicles while Workhorse Group is providing the chassis and powertrain. US 02/22/18. Use our quick tools to find locations, calculate prices, look up a ZIP Code, and get Track & Confirm info. , a plan that won President WORKHORSE COMMERCIAL TRUCK GROUP Workhorse is an Original Equipment Manufacturer of Range Extended Electric Trucks, and a powertrain/software/aerospace technology company… Workhorse builds battery-electric range extended (E-GEN) medium duty trucks at its 275,000 Sq. Technical Manuals. A post on the Workhorse Group’s Facebook page indicates in 2016 it was awarded a prototype contract from the US Postal Service (USPS). Workhorse Group Sets First Quarter 2020 Earnings Call For Wednesday, May 6, 2020 At 10:00 A. Investors should be intrigued, and it's believed that the USPS will announce a decision this fall. An anonymous reader writes: The likes of GM and Nissan are keeping unusual company in the bidding war to build and deliver the next generation of delivery vehicles for the U. , the USPS said. May 15, 2020 · 2020 Build New Food Truck By Eno Group Inc(free Delivery). 3 billion United States Postal Service contract that is up for grabs in 2020. 84%). This is what good news looks like in the aviation industry: Boeing's canceled orders slowed. Both the hybrid-electric truck and the HorseFly unmanned aircraft are developed by Workhorse Group. Workhorse Group Forms Joint Venture To Advance Truck-Based Drone Business . The first $15 million of the Series B preferred stock offering closed on May 31, 2019, the company said in an 8-K filing with the Jul 12, 2018 · Loveland-based Workhorse Group (Nasdaq: WKHS) has a binding agreement with United Parcel Service Inc. I heard somewhere during training that they stopped making them in ’94. 3 billion contract for the next-generation postal delivery vehicle to Workhorse. Workhorse Group Stock Price, Chart, Latest News, Technical Indicator and other information GM confirmed Wednesday it is in the early stages of talks with Workhorse Group Inc. Workhorse’s stock soared as much as 38% on Tuesday a… Mar 26, 2020 · A lot of people depend on the US Postal Service (USPS) for their medications or other personal business. 7 Nov 2017 Electric delivery van maker Workhorse Group Inc said on Tuesday it to replace the delivery vans in the United States Postal Service's fleet,  5 Feb 2019 Dive Brief: DHL is adding 63 electric vehicles to its delivery fleet. (NASDAQ: WKHS), an American technology company focused on providing sustainable an Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. Read more on testing Open the link in a new window A post on the Workhorse Group’s Facebook page indicates in 2016 it was awarded a prototype contract from the US Postal Service (USPS). 6% jump on speculation that the company could be in line to win a big contract from the United States Postal Service. , a plan that won President Donald Trump’s praise despite the Workhorse partnered with VT Hackney, Inc. 6, 2018 /PRNewswire/ -- Workhorse Group Inc. , - is hoping to make an impression by showing the Postal Service that the future could involve a drone that can deliver packages while the mail As a direct result of the USPS award and development efforts, Workhorse began development on the Workhorse W-15, a medium- and light-duty pickup truck platform aimed at commercial fleets. The purchase and Apr 28, 2020 · Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Investment Thesis USPS’ Next Generation Delivery Vehicles (NGDV) Plan. and Workhorse Group, On March 6, 2015, Workhorse Group Inc. " BTIG analyst Gregory Lewis initiates coverage on Workhorse Group Winning even a piece of the USPS contract should be transformational for WKHS and would most likely make it an attractive Nov 10, 2017 · Workhorse, in conjunction with truck outfitter VT Hackney, delivered its six prototype vehicles on time in September for evaluation. In this test, the drone flew autonomously to a home where it delivered a package and returned to the vehicle – while the delivery driver continued along the route to make a separate delivery. Ft. Delivery of the NGDVs to the USPS is expected to begin in 2018. 8 May 2019 Tags:electric trucks, GM, Lordstown, Lordstown factory, ohio, post office, USPS, VT Hackney, Workhorse, Workhorse Group  8 Nov 2019 with Greater Cincinnati's Workhorse Group has purchased the former for a $3. Aug 06, 2019 · Workhorse Group Inc. said:. Why Shares of Workhorse Group and Tortoise Acquisition Popped on Monday. Jul 02, 2018 · Workhorse began work on the NGDV in 2015, when USPS opened a request for proposals (RFPs) from companies interested in developing the new vehicles. . Workhorse Group, Inc. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. 7, 2018 /PRNewswire/ -- Workhorse Group Inc. N> said on Thursday it is partnering with truck maker Workhorse Group Inc <WKHS. The employee worked at the Santa Rosa Post Office Annex at 2850 McBride Ln. The Workhorse Group — with its electric truck and a drone delivery system — is among the 15 companies qualified by the U. 14 May 2020 The United States Postal Service (USPS) is pushing back the But as sales of the trucks and vans dried up, Workhorse has taken on big loans  1 Jul 2020 (LMC) which unveiled its EV Endurance pickup truck last week, and 3) expectations around the US Postal Service (USPS) potential $6B-$8B  28 Apr 2020 Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. 3 billion contract with USPS, said Workhorse CINCINNATI, March 18, 2019 /PRNewswire/ -- Workhorse Group Inc. That money will be used to begin building 1,000 cubic-foot NGEN vans in the fourth quarter at a plant Workhorse owns in Union City, Indiana. (the “Company”) responded to a Request for Information and Prequalification from the United States Postal Service (“USPS”) for its Next Generation Apr 22, 2015 · The U. Workhorse Has Huge Opportunity With USPS, Analyst Says In Bullish Initiation Benzinga · 04/28 16:38 Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. ET PR Newswire 04/23 08:00 ET UPS, Workhorse, DroneUp, Virginia's Center for Innovative Technology to Test Unmanned Aerial Systems for Medical Use May 07, 2019 · Toll-free replay number: 877-660-6853 International replay number: 201-612-7415 Replay ID: 13690455 About Workhorse Group Inc. Postal Service, has teamed with a New Workhorse Group Forms Alliance with Duke Energy to Support Faster Adoption and Scaling of Fleet Electrification Alliance Focuses on Electric Vehicle (EV) Infrastructure, Depot-Centric Energy Nov 08, 2019 · Workhorse last year won a contract to build 950 electric vans for the United States Postal Service and has also partnered with a Singapore-based company to compete for a $3. 17, down 82 cents or 20. But it said VT Hackney has  12 Dec 2019 Workhorse Group, a bidder on the $6. Postal Service delivery trucks around the country. In addition to orders from USPS and Ryder, UPS requested 950 electric delivery trucks in June. PRESS RELEASES. The teams include Turkey-based Karsan, which makes commercial electric vehicles, and Workhorse Group,  9 Jun 2020 Meanwhile, Workhorse has its eye on a big $6 billion contract that the U. Workhorse will continue to use the cells in the near term for the delivery of trucks to UPS and DHL. They aren’t kidding about the long-life part. Postal Service in a second order that follows a 9,113-vehicle order last year. It’s a huge move, but he Oct 03, 2016 · Its partner Workhorse Group has developed an electric delivery truck that incorporates a drone docking station on the vehicle. Design/ analysis of chassis, crash structure, brake system, HVAC and steering/ driver interface. 3 billion contract with the U. Workhorse CEO Duane Hughes and founder Steve Burns told the senators that the company plans to build the electric pickup trucks even if the USPS contract doesn’t come through. View Rob Willison, Ph. May 30, 2018 · "The class 5 zero emission EGEN delivery van is built by Workhorse Group and charged by a Plug Power ProGen hydrogen engine. 3 billion NGDV project calls for up to 180,000 trucks to be built over five to seven years that feature right-hand drive, separate sliding doors for the driver and cargo area, a Workhorse Group . Photo: Workhorse Group [Avionics Today 04-22-2015] The United States Postal Service (USPS) has released a shortlist of companies bidding to build its next Workhorse Has Huge Opportunity With USPS, Analyst Says In Bullish Initiation. In May, Workhorse announced that a group led by company founder Steve Burns was the preferred buyer for General Motor’s 6. The W-15 pickup truck powertrain is a smaller version of its sister vehicle, the medium-duty battery electric powertrain. Even if Workhorse gets just a small portion of the contract, it would boost the stock by a large Jun 26, 2020 · Find the latest Workhorse Group, Inc. Find information on our most convenient and affordable shipping and mailing services. Shares of the Ohio-based automaker, which makes electric vehicles, jumped more than 214%. That speculation led to a massive rally in WKHS stock. Amazon is already testing a few and on Wednesday, a company bidding on vehicles for the U. Workhorse is changing the way the world works in the delivery industry. CINCINNATI, April 30, 2018 /PRNewswire/ -- Workhorse Group Inc. That contract is worth an estimated $6. 4-million-square-foot Lordstown assembly complex. Feb 23, 2017 · On Feb. While  VT Hackney and Workhorse Group Team Enter Prototype and Testing Phase of USPS Next Generation Delivery Vehicle (NGDV) Program CINCINNATI, Sept. CINCINNATI, Aug. The NGEN cargo vans are created by Workhorse Group and are the same model  8 May 2019 Workhorse told CNBC it was one of the finalists being considered for the postal service contract but would not comment further. 59) forecasted earnings estimates for Q1 ending March 31, 2020, and the full year expectations for 2020 Introduction. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route From the onset of talks with GM, the sprawling 6. If the USPS picks an electric vehicle, it will become the largest electric vehicle fleet in the world, Jeffrey Osborne, a Cowen & Co. Postal Service said Tuesday. Workhorse is a technology company focused on providing electric Sep 04, 2019 · Workhorse Group got a lot of press a few years ago when it was announced the company had won a contract to sell 125 hybrid electric delivery trucks to UPS. The potential has only gotten bigger as A coalition comprised of 13 different environmental groups advocating for “clean” transportation solutions in the US has sent an open letter to the United States Postal Service (USPS) calling Nov 07, 2017 · CINCINNATI, Nov. Explore. 34) to ($0. 2 Jul 2019 The Postal Service will ask Detroit to offer details about how it could Mahindra North America, part of the India-based Mahindra Group that van body maker based in Washington, N. Workhorse Group, a bidder on the $6. 6 billion contract replacing many more USPS vehicles. VT Hackney (Washington, North Carolina) announced it's one of a select group of companies awarded a prototype contract under the United States Postal Service's (USPS) Next Generation Delivery Vehicle (NGDV) Acquisition Program. Postal Service advanced mail truck contract, said the team has broken up. (NASDAQ: WKHS) is a U. “The USPS wants a vehicle to operate efficiently and economically for 20 years,” said Steve Burns, Workhorse Group CEO. Räv Technologies. While Workhorse got listed on Nasdaq in 2016, it did had not draw much interest from investors until recently. (WKHS) stock price, price target, financials, earnings, forecast, dividend, dividend yield, insider trades and news at tradingkart. Read more at Car and Driver. Dec 02, 2019 · Note: I have covered Workhorse Group previously, so investors should view this as an update to my earlier article on the company. Now seems a good time to quickly run down what's up (and down) at Workhorse -- and three Workhorse Group Incorporated is an American manufacturing company based in Cincinnati, Ohio, currently focused on manufacturing electrically powered delivery and utility vehicles. Pence’s comment referred to $25 million that Workhorse raised from a private group of institutional investors in June. Postal Service (USPS) is planning to award later this year. acquire the idled General Motors assembly plant in Lordstown, it would be a potential “game changer” in the electric truck maker’s effort to secure a contract to produce delivery trucks for the U. That contract would be to build Aug 04, 2019 · Workhorse told O’Brien that the electric pickup will have a range of about 130 miles, and will cost approximately $52,000. While success isn't The roughly $6. 4k members in the USPS community. The trucks from Workhorse will join the UPS "Rolling Lab," an expanding alternative-fuel and advanced-technology test fleet that now numbers more than 9,000 separate vehicles. Collaboration With Workhorse Group on New, Zero Emission Vehicles is Industry First. is in talks to sell the Ohio car plant it idled earlier this year to electric truckmaker Workhorse Group Inc. Postal Service is adding seven electric delivery trucks to its fleet in Fresno and Stockton, California, a region in the state's central valley known for its poor air quality. This will offer USPS fleet efficiency while also optimizing energy consumption. 6 billion contract VT Hackney will partner exclusively with Workhorse Group Incorporated (NASDAQ: WKHS) on the contract to provide an advanced powertrain to meet the Postal Service’s wide range of delivery needs. Search ST Engineering All News Releases Products Jul 01, 2020 · Stocks like Workhorse Group. Workhorse Group Inc (NASDAQ: WKHS ) could be awarded the Next Generation Delivery Vehicle contract by the U. 27) per share. (NASDAQ: WKHS), a Cincinnati, OH-based technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has The test was conducted in collaboration with drone manufacturing company Workhorse Group, an Ohio-based developer of battery-powered electric trucks and drones, which claims its product can complete last-mile deliveries for mere cents per mile. (the “Company”) responded to a Request for Information and Prequalification from the United States Postal Service (“USPS”) for its Next Generation Delivery Vehicle (“NGDV”) Acquisition Program. Nov 16, 2015 · Now, Workhorse is one of 15 companies competing for the Next Generation Delivery Vehicle acquisition program to replace the USPS’ aging fleet of 180,000 mail trucks. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the transportation sector, today reported financial results for the second quarter ended June 30, 2018. The United States Postal Service (USPS) is set to start off the New Year with a financially ill-advised bang, by announcing plans to purchase a fleet of new vehicles with a price tag of up to $6. 6, 2019 /PRNewswire/ -- Workhorse Group Inc. The 950 new N-GEN vans will join the 50 vehicles previously Steve Burns left his previous company, Workhorse Group, in early 2019 to start Lordstown. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective RockAuto ships auto parts and body parts from over 300 manufacturers to customers' doors worldwide, all at warehouse prices. Corrected Workhorse's stock set to snap record win streak, while BTIG analyst nearly doubles price target Shares of Workhorse Group Inc. WORKHORSE C1000. Workhorse Joins Russell 3000® Index Workhorse Group Inc. Postal Service could receive a proposal on its future delivery vehicles that offers the capability to launch drones to help in delivering packages, Federal Times reported Tuesday. President Trump could affect the outcome of a deal for Lordstown if he orders the USPS to award a $6. The two  2 Oct 2019 GM has been in talks with a group called Workhorse about that hopes to secure a contract with the USPS to produce mail delivery trucks. Not for Distribution. 3 billion. Jul 01, 2020 · BTIG analyst Gregory Lewis took is his price target for shares of hiflying electric-vehicle maker Workhorse Group up 160% Wednesday, all the way from $10 a share to $26. United States Postal Service Awards NGDV Prototype Contract USPS has honored the award with a stamp. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route May 01, 2018 · The vehicle is an EGEN van built by Workhorse, a company best known for its battery-electric vehicles, with a hydrogen powertrain and fueling station supplied by Plug Power. Postal Service trucks Workhorse electric truck could be the next USPS delivery vehicle. Workhorse Group is a last-mile delivery technology company with experience in designing and building vehicles with advanced telematics systems. 22, 2016– An exclusive partnership of Workhorse Group Inc. The employee is now isolating at home and will return to work when medically cleared. Heavy Duty Trucking / September 8, 2016 . Their next generation vehicles are top of the line in the future of delivery. Both the drone and the delivery truck were made by Ohio-based Workhorse Group. From the onset of talks with GM, the sprawling 6. Postal Service to the acquisition of General Motors  19 Jun 2020 LMC, led by former Workhorse Group (NASDAQ:WKHS) CEO Steve Burns, paid $20 million for the 6. Deliveries will resume in the fourth quarter. The Postal Service will ask Detroit to offer details about how it could manufacture the estimated 180,000 right-hand drive trucks it wants at a price of $25,000 to $35,000 per vehicle. But the deal, and the future employment of Lordstown's workers, relies on the Loveland-based Workhorse Group scoring a $6. 48 1. Workhorse has about $70 million in back orders for its electric vehicles, though its factory in Union City, Indiana, will handle much of that work. The workhorse of USPS. Easy to use parts catalog. Apr 20, 2015 · But one of the companies - Workhorse Group Inc. Sinclair. June 12, 2020. 10 Nov 2017 Workhorse is aiming for a USPS deal and to electrify last-mile delivery with a series of trucks, vans, and aircraft. He said the electric trucks would save the Postal Service significantly on maintenance costs, while the drone platform incorporates a fast-evolving technology that will only grow over the next few years. Of the 215,000 mail trucks in operation, 140,000 are at least two decades old. 4% 04/30/20 At Home Group to re-open about 50% of stores to foot traffic on May 1st 04/09/20 At Home Group announces temporary furloughs, salary reductions of associates 03/24/20 At Home Group CEO says saw slowdown in store traffic over past 2 weeks Mar 13, 2019 · Workhorse Group, Inc. About Workhorse Group Inc. Jun 30, 2020 · (Bloomberg) -- Shares of Workhorse Group Inc. Welcome to USPS. COVID-19 has people wondering if they can catch the virus picking up their mail. The problem is, they were designed with 80’s safety technology. NASDAQ Updated Jul 6, 2020 4:25 PM Jul 01, 2020 · Then there is the $6. The USPS anticipates making a single award in 2017 to a supplier for up to 180,000 NGDVs to replace its current fleet of mail delivery vehicles. It's believed that the trucks will be comparably priced to ones Workhorse sees the prospect of the W-15, which came from its postal vehicle prototype development, as a strategic advantage for Workhorse in the USPS competition. The company will produce around 300 to 400 delivery vans that aim to replace outdated models from VT Hackney and Workhorse is also likely not the only group showing a hybrid of some sort, since the USPS has said half of the vehicles being tested use alternatively fueled powertrains. (NASDAQ:WKHS) is a technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector. ’s full profile. Workhorse Group Sets First Quarter 2020 Earnings Call for Wednesday, May 6, 2020 at May 08, 2019 · General Motors Co. May 28, 2019 · Workhorse sold 1,000 electric vans to UPS last year, but the company has an even bigger opportunity as a finalist to supply delivery trucks to the USPS. workhorse group usps

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