Why is there an SEC probe now, because WKHS is contesting the USPS contract? Reply Replies (9) 13 3. Workhorse Files Formal Complaint Regarding USPS NGDV Contract. This is the second time the agency has delayed its announcement date. Maloney wrote that the contract was a "surprise announcement" that marked the end of a "highly secretive" selection process that lasted six years. On this news, securities of Workhorse fell $14. Postal Service modernization contract. 25 implies about 17% upside from current levels. The company’s stock plunged, sinking as much as 35% and dropping its market value to less than $200 million. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. Jul 29, 2021 · Workhorse Files Formal Complaint Regarding USPS NGDV Contract GlobeNewswire JUN 16, 2021 4:45 PM EDT CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. 96 per share in February, but has lost 35% YTD. In this episode of 9to5investing, I analyze Workhorse Group stock (WKHS stock), what Workhorse Group does, the significant Workhorse stock news that is just. Workhorse Group Inc. In the wake of USPS' announcement to replace its vehicle fleet with. Workhorse (NASDAQ: WKHS), an EV start-up specializing in last-mile delivery vans, was one of the last few contenders competing for the contract. However, financials for the company. Stock | WKHS | US98138J2069. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Postal Service as early as the second half of 2020, according to Roth Capital Partners. In 2018, industry website Electrek wrote about Workhorse. Workhorse (WKHS) Loses Its Mojo While Microvast Gains as Oshkosh (OSK) Wins the USPS Next Generation Delivery Vehicle (NGDV) Contract Rohail Saleem • Feb 23, 2021 10. According to Kim Frum, a spokesperson for the Postal Service, the decision …. US Postal Service. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. (NASDAQ: WKHS) dropped nearly 50% on Tuesday and traded down by another 9% in Wednesday’s premarket session following an announcement by the U. Workhorse Group Inc (NASDAQ:WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. WHAT IS THIS ABOUT: Workhorse submitted a bid to participate in the United States Postal Service's "next generation delivery vehicle" (NGDV) search, which would replace an aging fleet of more than 200,000 trucks. 5 billion over the next ten years, not only thrusts Oshkosh into the EV spotlight but boosts its revenue outlook significantly. 52wk Low 7. Contract Delivery Service Costs. Workhorse (NASDAQ: WKHS) Manages To Secure $200 Million In Financing As The Fate Of The Crucial USPS Contract Hangs In The Balance. To bring its products to market quickly, as well as to expand its geographic footprint, Canoo has partnered with VDL Nedcar, a contract vehicle manufacturer in the Netherlands. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. Without the USPS contract, WKHS stock is meandering aimlessly. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. The USPS contract is a big deal for the company. Shareholder rights law firm Robbins LLP announces that a purchaser of Workhorse Group, Inc. Now what I don't think a delay in the USPS contract fundamentally changes the future for Workhorse, but it puts. Feb 24, 2021 — Workhorse Group (WKHS) lost the race for a key contract with the U. Postal Service awarded a 10-year contract to Oshkosh Defense to produce the next mail truck. However, General Motors isn't among the companies looking to secure one of those contracts. They plummeted 47 percent last week. I expected a knee jerk reaction after the contract announcement but it is not recovering as expected. Oshkosh soars, Workhorse sinks after USPS contract announcement February 23 2021 - 03:19PM Seeking Alpha To read the full story on Seeking Alpha, click here. This is the Tesla of the delivery. NASDAQ:WKHS fell 23% after hours on the USPS announcement. This is one stock that. Workhorse (NASDAQ:WKHS) investors are gearing up for an announcement from the United Stated Postal service (USPS) regarding their $6 Billion deal to revamp their delivery vehicles. Even if Workhorse Group fails to secure this very lucrative contract it is a win for them. 3% in Tuesday's extended trading session after closing over 6% higher. Postal Service (USPS) contract to build next-generation delivery vehicles. Workhorse Group (WKHS) Dips More Than Broader Markets: What You Should Know. Related News: Workhorse Plunges 8. WKHS was all built on the fact it would get the USPS contract. The company has been launched into the spotlight and its vehicles confirmed as a viable choice for EV fleets. Now more than ever, Workhorse looks more like Lordstown’s. 1 Bil witch correlating that into the share price sets a Price Target of around $90 a. Workhorse (NASDAQ: WKHS), an EV start-up specializing in last-mile delivery vans, was one of the last few contenders competing for the contract. Postal Service ("USPS") issued a press release entitled "U. Instead, Oshkosh found out it had been awarded the 10-year contract to modernize the U. WKHS stock is down 46% since the Feb. Postal Service contract. Irwin, who made no change to his Buy rating or $33 price target for Workhorse, says potential third party beneficiaries of an announced award to Workhorse likely include. NASDAQ:WKHS investors were devastated on Tuesday as the USPS delivery truck refresh contract that was long thought to be Workhorse. postal service and have scheduled a. Video remarks from Postal Service officials on this major announcement are available on the USPS Newsroom WASHINGTON, DC — The U. The United States Postal Service (USPS) publicly began the Next Generation Delivery Vehicles (NGDV) acquisition program in January 2015 with a Request for Information (RFI) and kick-off meeting open to all interested technology and automotive suppliers to respond and participate. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. House Democrats have gotten together to demand an extra $8 billion for Postal Service EVs! And you know those discussions will. Workhorse stock continued to sell off Wednesday. Workhorse, a company that plans to offer electric delivery vans, had been in the bidding for the contract, but the bidding process stalled. NASDAQ:WKHS investors were devastated on Tuesday as the USPS delivery truck refresh contract that was long thought to be Workhorse. Contract Delivery Service Costs. Postal Service to a unit of Oshkosh (), which reportedly partnered with Ford on the bid. Workhorse is considering. The company would need to supply UPS with 180,000 electric-powered delivery trucks for the next seven years. Workhorse Group (NASDAQ:WKHS), an Ohio-based manufacturer of EVs and utility vehicles, is under pressure currently amid reports that the U. WKHS stock is the only pure EV player and 0% Emissions – which are the two main criteria in getting the contract. Postal Service modernization contract. As I mentioned in a prior write-up for WKHS stock before the USPS made its announcement, Workhorse was not a shoo-in. Workhorse Group Inc (WKHS. The company lost a $6 billion contract with the U. Apr 22, 2021 — WKHS stock rode high on speculation the company would win the contract to replace the Post Office's entire fleet of vehicles. The contract could be worth more than $6 billion in total. The truth was revealed on February 23, 2021, when the USPS announced, "it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. However, USPS. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its …. Workhorse shares lost nearly half their value on Feb. With the more pro-EV Biden. US Postal Service. However, USPS. 9th 2021 5:47 pm PT. Expect the Announcement to be made by the end of the year. See the finalists The trucks must be built in the US. Investors had been buying into the stock hoping that Workhorse would be awarded the. The real story for shares of the company started in February when the announcement came that the U. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to. Postal Service will only announce the award. Now what I don't think a delay in the USPS contract fundamentally changes the …. Postal Service has “modified” its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. and questions about stock trades just prior to the contract announcement. Things have looked bleak for Workhorse (NASDAQ:WKHS) stock since the United States Postal Service (USPS) awarded the contract for their next generation electric vehicle (NGEV) to Oshkosh (NYSE:OSK). After years of delays and deliberations, the U. 12, the inspector general disclosed that two of the five companies bidding for the estimated $5 billion to $6 billion contract have dropped out of the process and that the earliest the "next generation delivery vehicles," or NGDVs, could be deployed is January 2022. Postal Service Awards Contract to Launch MultiBillion-Dollar Modernization of Postal Delivery Vehicle Fleet. Instead, Oshkosh found out it had been awarded the 10-year contract to modernize the U. USPS released its final production request for proposal on …. The electric-truck maker's sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. WKHS recently announced that it has procured a purchase order of 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises. Postal Service lost the bet. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its Next Generation Delivery Vehicle. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. 1/13/2020 The next-generation of Postal Service delivery vehicles is on the way, with more than $6 billion in contracts currently up for grabs. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Contract Delivery Service Costs. Most, if not all. In FY 2015, the Postal Service began planning the acquisition process for a new purpose-built, Next Generation Delivery Vehicle (NGDV) to start replacing the current LLV fleet beginning in FY 2018 through FY 2019. CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. Now Workhorse (ticker: WKHS) is meeting with the USPS to discuss the bid. USPS DECISION DUE OCTOBER 13: The Post Office is expected to decide on the $8. WKHS stock is the only pure EV player and 0% Emissions – which are the two main criteria in getting the contract. Due to a variety of reasons, Diesel Progress inadvertently previously published outdated information. 27, with company responses due. 1 billion USPS contract award decision has been delayed beyond the US Presidential Election date, adding a new layer of risk to an …. Questions of insider trading. 1) a contract to supply roughly 6,320 vehicles to Pride Group Enterprises, a commercial vehicle rental company 2) another to supply 500 vehicles to Pritchard Companies. Workhorse (NASDAQ:WKHS) Historical Stock Chart From Jul 2021 to Aug 2021 Workhorse (NASDAQ:WKHS) Historical Stock Chart From Aug 2020 to Aug 2021. Things have looked bleak for Workhorse (NASDAQ:WKHS) stock since the United States Postal Service (USPS) awarded the contract for their next generation electric vehicle (NGEV) to Oshkosh (NYSE:OSK). WASHINGTON, DC — The U. PRESS RELEASE. May have to let them go. The earliest new mail delivery trucks will replace the U. Willis-Knighton Health System is a not-for-profit health system and the largest healthcare provider in northwest Louisiana. But it would still be better if the company got the contract. Shareholder rights law firm Robbins LLP announces that a purchaser of Workhorse Group, Inc. The winner [OSK] finished up 7%. The United States Postal Service (USPS) publicly began the Next Generation Delivery Vehicles (NGDV) acquisition program in January 2015 with a Request for Information (RFI) and kick-off meeting open to all interested technology and automotive suppliers to respond and participate. Roth Capital analyst Craig Irwin downgraded Workhorse stock after the USPS delayed the contract-award decision a couple of times. WORKHORSE GROUP INC. The electric-truck maker’s sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. Due to a variety of reasons, Diesel Progress inadvertently previously published outdated information. Another event also impacted Workhorse stock Friday. See the finalists The trucks must be built in the US. President Trump is also a factor with the upcoming election and he needs a win in Ohio. , March 16, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against Workhorse Group Inc. June 16 2021 - 04:45PM. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. Now more than ever, Workhorse looks more like Lordstown’s. LORDSTOWN — A trio of Democratic lawmakers is urging President Joe Biden to halt a U. PR Newswire - PRF - Wed Jun 16, 8:31AM CDT. 3 billion to the winner. O) shares rose after it disclosed it will meet with U. On 02/23/21, USPS awarded Oshkosh with a $6 billion contract to produce new postal-delivery vehicle fleet. 3) Other high-profile announcements include Ryder System (NYSE:R), which announced a contract to place Workhorse C-1000 vehicles on its peer-to-peer truck rental platform. In FY 2015, the Postal Service began planning the acquisition process for a new purpose-built, Next Generation Delivery Vehicle (NGDV) to start replacing the current LLV fleet beginning in FY 2018 through FY 2019. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. The contract could be worth more than $6 billion in total. Workhorse Group lost the race for a key contract with the U. 19% Plenty of time SHLL down -2. Ford announced their electric delivery van what, last month? The 3 finalists were selected in July. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6. Oft-delayed, the contract tender award announcement is expected by year-end 2020. Workhorse usps contract. Postal Service uses contracted delivery suppliers to support mail delivery needs and ensure it meets its universal service obligation. When WKHS gets awarded the contract, were looking at at least 8. 1/13/2020 The next-generation of Postal Service delivery vehicles is on the way, with more than $6 billion in contracts currently up for grabs. As previously announced, on February 23, 2021 the USPS issued a press release announcing that it had made an award under the NGDV contract to a competing finalist, the details of which can be found here. The night before the award announcement, an unknown party purchased 524,400 shares of Oshkosh Corp. 3% in extended trading after falling nearly 50% on Tuesday. Questions arise for corrupt postmaster DeJoy over USPS gas-guzzler contract. 52wk Low 7. Workhorse, founded by Burns in 2007, has been publicly traded since 2011 and became part of the Nasdaq since 2016. Now what I don't think a delay in the USPS contract fundamentally changes the …. 23 announcement. Prior to the …. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced. Even if Workhorse Group fails to secure this very lucrative contract it is a win for them. (NASDAQ:. The night before the award announcement, an unknown party purchased 524,400 shares of Oshkosh Corp. See the finalists The trucks must be built in the US. stock worth $54. will win the $8. "The COVID-19 pandemic. Workhorse Files Formal Complaint Regarding USPS NGDV Contract. Reply Replies (2) 14 2. Shares of Lordstown Motors Corp. Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U. O) filed a legal challenge on Wednesday to the U. Questions arise for corrupt postmaster DeJoy over USPS gas-guzzler contract. To bring its products to market quickly, as well as to expand its geographic footprint, Canoo has partnered with VDL Nedcar, a contract vehicle manufacturer in the Netherlands. Workhorse (NASDAQ:WKHS), an Ohio-based manufacturer of EVs and utility vehicles, is under severe stress currently as the company has lost a major contract that underpinned much of its gains over the past year. WKHS price in the short term is almost entirely dependent on the USPS contract. Washington, D. They (the USPS) have been pushing back and pushing back the deadline to make the announcement on who gets USPS’s $6bb contract and hopefully we are approaching the finish line based off a board of governor’s meeting that occurred this week. Workhorse Group (NASDAQ: WKHS) may not be able to recover quickly from the Feb. Postal Service spokesperson told Roth the USPS won. Workhorse, a company that plans to offer electric delivery vans, had been in the bidding for the contract, but the bidding process stalled. Oft-delayed, the contract tender award announcement is expected by year-end 2020. USPS has yet to give any indication as to when a contract award announcement will be made, he said. Roth Capital analyst Craig Irwin downgraded Workhorse stock after the USPS delayed the contract-award decision a couple of times. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Electric vehicle company Workhorse Group (WKHS. When WKHS gets awarded the contract, were looking at at least 8. The Ford electric vehicle wasn't part of the equation before and should still not be a factor in the usps contract now. Postal Service will only announce the award of its Next Generation Delivery Vehicle (NGDV) contract toward the end of 2020. Ford announced their electric delivery van what, last month? The 3 finalists were selected in July. On February 23, 2021, while the market was open, the USPS issued a press release entitled "U. Before the announcement, about 57% of analysts covering Workhorse stock rated the shares at Buy, in line with the average Buy-rating ratio for stocks in the Dow Jones Industrial Average. The analyst said a delay in announcing a winner was expected given the US presidential election was just a few weeks ago. Maloney wrote that the contract was a "surprise announcement" that marked the end of a. After the postal service contract award was announced last week, they dropped 13 percent to close at $19. Workhorse generated a mere $521,000 in revenues last quarter and delivered just 6 trucks (okay, it produced 38). Workhorse Group Inc shares rose after it disclosed it will meet with U. After years of delays and deliberations, the U. To wit, Roth Capital has downgraded Workhorse to a 'Neutral'. Postal Service has “modified” its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. WKSH stock. Prior to the …. 9%, to $108. Workhorse (NASDAQ: WKHS) Manages To Secure $200 Million In Financing As The Fate Of The Crucial USPS Contract Hangs In The Balance By Ramish Zafar Oct 12, 2020 …. According to Barron's, Roth Capital analyst Craig Irwin said the contract announcement is merely a function of Washington politics. According to Roth Capital, the $8. ) ability to secure a crucial contract, the company's shares. 25 implies about 17% upside from current levels. Their chassis is a structural framework that is seen in food-service delivery trucks and. In the wake of USPS' announcement to replace its vehicle fleet with mostly gas-powered vehicles, lawmakers are asking questions about possible insider trading and seeking to ensure that the fleet purchases a minimum percentage of all-electric vehicles, as reported by Bloomberg. Workhorse (NASDAQ: WKHS ) stock has been a …. Postal Service has “modified” its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. Postal Service has postponed the date for awarding a $6. hfjeff, Mar 14, 2021. O) filed a legal challenge on Wednesday to the U. However, by the end of FY 2019, the Postal Service had not awarded the estimated $5-6 billion contract(s) for the production of the. Aug 24, 2020 · Update On The U. Postal Service awarded a 10-year contract to Oshkosh Defense to produce the next mail truck. 52wk High 42. PR Newswire - PRF - Wed Jun 16, 8:31AM CDT. WKHS Shares Tumble Almost 50%, Workhorse Group Loses USPS Contract to Rival Oshkosh Feb 24 2021 · 11:25 UTC | Updated Feb 24 2021 · 11:53 by Benjamin Godfrey · 3 min read Photo: Workhorse Group. WKHS stock is down 46% since the Feb. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. WKHS was all built on the fact it would get the USPS contract. The USPS contract is a big deal for the company. (NASDAQ: WKHS) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between July 7, 2020 and February 23, 2021. Feb 24, 2021 — The loss of the USPS contract by Workhorse Group constitutes a major setback for the company, WKHS shares lost almost 50% of their value. Postal Service's aging and troubled fleet is January 2022, according to a new report by the service's Office of the Inspector General. Workhorse shares rose 7. On February 23, 2021, the USPS issued a press release announcing that Oshkosh Defense had won the NGDV contract - not Workhorse Group. EV advocates (and investors in WKHS stock) were shocked and disappointed by the US Postal Service's recent decision to award a 10-year contract to Wisconsin-based Oshkosh Defense to. 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 contract, lost. WKHS currently sits at a 3. After years of delays and deliberations, the U. Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group ( WKHS) - Get Report to neutral from buy after a U. Workhorse (NASDAQ: WKHS) is a little different than the typical short-seller target, though 38% of its outstanding shares are shorted, according to The Wall Street Journal. To wit, Roth Capital has downgraded Workhorse to a 'Neutral'. Postal Service to award $6. Default could be declared any day due to rep & warranty violations but will occur by March 31, 2022 at the latest. 23, 2021 /PRNewswire/ -- The U. Postal Service; ultimately, it did not land the contract. The deal, expected to be worth upwards of $6. Postal Service has "modified" its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. NASDAQ:WKHS fell 23% after hours on the USPS announcement. Postal Service (USPS) decision in February to award a …. WKHS price in the short term is almost entirely dependent on the USPS contract. Sec is investigating the OSK $54million trade night before USPS contract announcement. The delay in awarding the USPS contract has done a great deal of damage to WKHS stock. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. The USPS contract is a big deal for the company. After the postal service contract award was announced last week, they dropped 13 percent to close at $19. The prototype tests for the United States Postal Service (USPS) Next Generation Delivery Vehicles (NGDV) acquisition program were completed in March 2019. Workhorse generated a mere $521,000 in revenues last quarter and delivered just 6 trucks (okay, it produced 38). Postal Service (USPS) contract to rival, Oshkosh Corp. NASDAQ:WKHS fell 23% after hours on the USPS announcement. WKHS), an electric. "The press release announced that Oshkosh Defense, not Workhorse, had won the lucrative NGDV contract. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. Postal Service as early as the second half of 2020 …. luxe Just another site workhorse group usps contract. On this news, securities of Workhorse fell $14. (NASDAQ: WKHS) ("Workhorse") on behalf of those who purchased or acquired Workhorse securities between July 7, 2020 and. 54: NASDAQ: 8:30a ET July 29 '21 Workhorse Group Sets Second Quarter 2021 Earnings Call for Monday, August 9, 2021 at 10:00 a. Part of investors’ interest in the WKHS. Shares of Electric-vehicle maker Workhorse Group Inc. Postal Service Awards Contract to Launch MultiBillion-Dollar Modernization of Postal Delivery Vehicle Fleet. The order pertains to Workhorse. Workhorse Is Still a Buy Despite USPS Contract Delay, Says Analyst. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. In the latest trading session, Workhorse Group (WKHS) closed at $11. When WKHS gets awarded the contract, were looking at at least 8. On February 23, 2021, while the market was open, the USPS issued a press release entitled: U. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. WKHS stock is the only pure EV player and 0% Emissions – which are the two main criteria in getting the contract. PR Newswire - PRF - Wed Jun 16, 8:31AM CDT. The earliest new mail delivery trucks will replace the U. Shareholder rights law firm Robbins LLP announces that a purchaser of Workhorse Group, Inc. And that's not even adding in the recent Price Motors Co. The Postal Service has again delayed the awarding of a contract for the replacement for its Grumman LLV. The trucks were supposed to be ready for delivery in. As of March 18, Jul 1, 2021 — Workhorse filed a redacted 60-page complaint against the government alleging that the USPS was biased in awarding the contract for the. CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. Oshkosh soars, Workhorse sinks after USPS contract announcement February 23 2021 - 03:19PM Seeking Alpha To read the full story on Seeking Alpha, click here. WKHS surged 12. Class Action Suit Filed against Workhorse Group. O) shares rose after it disclosed it will meet with U. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. 66% Yikes PSTH down -3. Without the USPS contract, WKHS stock is meandering aimlessly. With the more pro-EV Biden. Workhorse Files Formal Complaint Regarding USPS NGDV Contract. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. WASHINGTON, March 1 (Reuters) - Workhorse Group Inc shares rose after it disclosed it will meet with U. That’s about $70 a day, give or take. 2, the Postal Service pushed back its vehicle contract decision to early 2021. WKHS Stock: Short-Squeeze Favorite Workhorse Rallies on. On Tuesday, it was announced that the U. Hi Finpacters,Workhorse is getting a lot of attention. As the only fully. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. Electric vehicle company Workhorse Group will file a legal challenge to the U. WKHS recently announced that it has procured a purchase order of 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises. the usps lawyers are done its a wrap, and you can tell by the judges order that he is pissed and wants this to be over as he only gave them until next friday to submit the response that they should have submitted previously. Investors have shown a lot of love for all manner of electric vehicle manufacturers in 2020. 34 on news of the meeting, but are still down 38% since last week's announcement. According to Roth Capital, the $8. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Postal Service to replace its aging fleet of delivery vehicles over ten years. Postal Service (USPS) contract to build next-generation delivery vehicles. The trucks were supposed to be ready for delivery in. Investors had been buying into the stock hoping that Workhorse would be awarded the. Last week, Workhorse shares plunged over 50% after losing a U. 3 billion contract to build its new mail trucks to next year due to challenges posed by the coronavirus. Postal Service to award $6. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. 2 percent Monday to close at $17. 9%, to $108. Postal Service has postponed the date for awarding a $6. The news caused a 47 per cent plunge in the share price and, since then, the stock has failed to recoup its lost territory. (Bloomberg) -- Electric-vehicle maker Workhorse Group Inc. WKHS stock is the only pure EV player and 0% Emissions - which are the two main criteria in getting the contract. Since Workhorse has no sales to speak of, this contract would have put it near the top of. However, financials for the company. (NASDAQ: RIDE) rose a slight 4. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based Oshkosh Defense to. Workhorse (NASDAQ:WKHS) Historical Stock Chart From Jul 2021 to Aug 2021 Workhorse (NASDAQ:WKHS) Historical Stock Chart From Aug 2020 to Aug 2021. 23 awarded Oshkosh, a Wisconsin-based maker of military trucks, a 10-year contract for as many as 165,000 vehicles worth as much as $6 billion. Shares lost $2 billion in value after the electric vehicle maker missed the Next-Generation Delivery Vehicle contract. WKHS), an electric. The United States Postal Service (USPS) publicly began the Next Generation Delivery Vehicles (NGDV) acquisition program in January 2015 with a Request for Information (RFI) and kick-off meeting open to all interested technology and automotive suppliers to respond and participate. US Postal Service. Postal Service contract. The electric-truck maker’s sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. 2, the Postal Service pushed back its vehicle contract decision to early 2021. Workhorse shares rose 7. GlobeNewswire Inc. By Josh Enomoto, InvestorPlace Contributor Jul 23, 2021, 3:56 pm EDT. In a Tuesday news release, Kaptur mentioned news reports revealing "suspicious stock trades" ahead of the contract announcement, including a $54 million purchase of Oshkosh Corp. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its …. Four Companies Vying For USPS next-generation delivery vehicles contract - And GM Isn't One Of Them. With the more pro-EV Biden. The initial announcement for the contract to build the Next Generation Delivery Vehicle (NGDV) indicated that a winning bid would be chosen by 2018. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6. 27, with company responses due. Workhorse Group (NASDAQ:WKHS), an Ohio-based manufacturer of EVs and utility vehicles, is under pressure currently amid reports that the U. Source: rblfmr / Shutterstock. The stock has now plummeted over 50% since the announcement. The night before the award announcement, an unknown party purchased 524,400 shares of Oshkosh Corp. Workhorse, a company that plans to offer electric delivery vans, had been in the bidding for the contract, but the bidding process stalled. Mar 09, 2021 · Workhorse Group rose as a House panel made plans to examine the USPS' blockbuster truck-building contract to Oshkosh Corp. Shares of Workhorse (NASDAQ: WKHS) rose 7. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. House Oversight Committee Demands Review of Postal Service's $6 Billion Contract With Oshkosh Defense. A; Contact us. 1 billion USPS contract award decision has been delayed beyond the US Presidential Election date, adding a new layer of risk to an already dicey bet. Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group ( WKHS) - Get Report to neutral from buy after a U. Workhorse Group (NASDAQ:WKHS) investors had their hopes dashed when the USPS awarded its lucrative, multi-billion dollar contract to Oshkosh Corporation but OSK investors are cheering. (NASDAQ: WKHS) dropped nearly 50% on Tuesday and traded down by another 9% in Wednesday’s premarket session following an announcement by the U. Workhorse Group Inc shares rose after it disclosed it will meet with U. 62% on Friday as Roth Capital analyst Craig Irwin noted that Workhorse was best fit for the USPS deal. luxe Just another site workhorse group usps contract. Workhorse Group develops and manufactures electric delivery vehicles. The electric-truck maker’s sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. Postal Service as early as the second half of 2020 …. After being. order of over 6,000 vehicles. The trucks were supposed to be ready for delivery in. 85 per share during February 2020. Part of investors’ interest in the WKHS. The sudden decline in Workhorse's price came with the announcement that the USPS contract it was expecting to win was instead awarded to. wkhs usps contract date. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. All rights reserved. Usps-contract-wkhs. 2 percent Monday to close at 20. Now Workhorse (ticker: WKHS) is meeting with the USPS to discuss the bid. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. Workhorse, founded by. Postal Service to award $6. Postal Service delivery trucks. ) ability to secure a crucial contract, the company's shares. Now what I don't think a delay in the USPS contract fundamentally changes the future for Workhorse, but it puts. Workhorse Group Inc (WKHS. WKHS price in the short term is almost entirely dependent on the USPS contract. PRESS RELEASE. Shares of Workhorse Group [WKHS] dropped 8. Postal Service announced …. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its …. 9th 2021 5:47 pm PT. This contract is the first in more than 30 years for postal delivery vehicles, and Oshkosh will receive an initial payment of $482 million to begin final design and tooling work before production. 3) Other high-profile announcements include Ryder System (NYSE:R), which announced a contract to place Workhorse C-1000 vehicles on its peer-to-peer truck rental platform. Workhorse Group Inc is a technology company. Docket for WORKHORSE GROUP, INC. The contract, which could be worth more than $6 billion in total, allows. Workhorse usps contract. 2 percent Monday to close at $17. Feb 24, 2021 — The loss of the USPS contract by Workhorse Group constitutes a major setback for the company, WKHS shares lost almost 50% of their value. Current SHLL vote Monday!! 9/28/20 - NASDAQ could be QUICK 9/29-10/1 ALL SPACs were crashy crashy Wed-Thursday 23-24 Sept 2020 Some recovery Fri 25 Sept 2020 As of 12:31 PM DPHC down -16. Postal Service as early as the second half of 2020, according to Roth Capital Partners. Aug 24, 2020 · Update On The U. The company has been launched into the spotlight and its vehicles confirmed as a viable choice for EV fleets. Postal Service (USPS) contract to build next-generation delivery vehicles. 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 contract, lost. Investors have shown a lot of love for all manner of electric vehicle manufacturers in 2020. When WKHS gets awarded the contract, were looking at at least 8. Feb 24, 2021 · A d ifferent EV compan y, Workhorse Group Inc. As I mentioned in a prior write-up for WKHS stock before the USPS made its announcement, Workhorse was not a shoo-in. (Photo courtesy of the U. it is clear that usps is trying to sidestep and wkhs called them out. WKHS currently sits at a 3. Previously, I made the case why, thanks to optics, underdog Workhorse may have an edge over the competition. The initial announcement for the contract to build the Next Generation Delivery Vehicle (NGDV) indicated that a winning bid would be chosen by 2018. Workhorse (NASDAQ: WKHS ) stock has been a …. However, financials for the company. The downside catalyst could be the US Postal Service contract decision that is expected before the end of March. 44% since the announcement. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. According to Roth Capital, the $8. 9%, to $108. The problem for them was, even as WKHS was struggling with multiple headwinds like production shortages and being cheated out of the USPS contract, the fledgling …. WORKHORSE USPS CONTRACT ANNOUNCEMENT DATE? PRICE TARGET? WKHS STOCK BREAKDOWN!This video is going to go into on Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced. President Trump is also a factor with the upcoming election and he needs a win in Ohio. postal service and have scheduled a. The electric-truck maker’s sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. Postal Service (USPS) decision in February to award a. Postal Service has "modified" its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. Postal Service (USPS) that the contract for its next-generation delivery vehicle had been awarded to Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corp. Workhouse was a frontrunner for the contract. An announcement is expected by the end of March, according to a USPS spokesperson. PRESS RELEASE. Workhorse (NASDAQ: WKHS) Manages To Secure $200 Million In Financing As The Fate Of The Crucial USPS Contract Hangs In The Balance. The trucks were supposed to be ready for delivery in. CURRENT SPACs. WKHS), an electric. The downside catalyst could be the US Postal Service contract decision that is expected before the end of March. Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to. wkhs usps contract date, wkhs usps contract announcement date. Investors had been buying into the stock hoping that Workhorse would be awarded the. Workhorse Group Inc (WKHS. Was looking more closly at the Daily chart, and saw the second bullish flag possibly. Mar 09, 2021 · Workhorse Group rose as a House panel made plans to examine the USPS' blockbuster truck-building contract to Oshkosh Corp. Bragar Eagel & Squire, P. Contract Delivery Service Costs. Postal Service; ultimately, it did not land the contract. WKHS recently announced that it has procured a purchase order of 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises. Workhorse is also awaiting announcement on a $6. Workhorse Files Formal Complaint Regarding USPS NGDV Contract. With the technology and patents workhorse has the sky isnt even the limit. This is the second time the agency has delayed its announcement date. Theres been a few good news on the company, but nothing of the USPS contract. WASHINGTON, DC — The U. 1B NGDV production contract on Tuesday, October 13. Workhorse Group Inc (NASDAQ: WKHS), which was one of three finalists for the USPS contract, has an all-electric vehicle offering that could become a frontrunner again if Congress pushes for the. Irwin, who made no change to his Buy rating or $33 price target for Workhorse, says potential third party beneficiaries of an announced award to Workhorse likely include. 78% said Thursday that it met with U. Workhorse Files Formal Complaint Regarding USPS NGDV Contract Read. Shares of Workhorse (NASDAQ: WKHS) rose 7. Workhorse usps contract. Postal Service contract to manufacture its next generation of delivery trucks, an award that. Congressman Tim Ryan of Ohio has asked the SEC to probe large trades into Oshkosh. The contract, which could be worth more than $6 billion in total, allows. Postal Service to a unit of Oshkosh (), which reportedly partnered with Ford on the bid. Oct 13, 2020 · A West Coast-based investment banking firm predicts Workhorse Group Inc. will win the $8. Not surprisingly, management didn't agree with that sentiment, enough so that it filed a legal challenge in June to object to the USPS awarding the multi-billion-dollar contract to Oskhosh (NYSE: OSK ), a defense contractor. postal service and have scheduled a. Postal Service truck contract to review whether inappropriate political influence was involved with its award. Since the announcement that the USPS would instead go with defense contractor Oshkosh, Workhorse has been in a bit of a slide. Probably the same if they got quite a large piece of the contract. Now what I don't think a delay in the USPS contract fundamentally changes the future for Workhorse, but it puts. "We have requested pursuant to the publicly provided bid rules - bid process rules, additional information from the U. The winner [OSK] finished up 7%. Postal Service making its announcement regarding which company will replace its aging fleet of mail carriers, Workhorse (NASDAQ: WKHS) showed great promise. wkhs usps contract date. According to Kim Frum, a spokesperson for the Postal Service, the decision is due to the novel coronavirus. Questions of insider trading. by Zacks Equity Research Published on July 30,2021. 1/13/2020 The next-generation of Postal Service delivery vehicles is on the way, with more than $6 billion in contracts currently up for grabs. WKHS stock is the only pure EV player and 0% Emissions - which are the two main criteria in getting the contract. On February 23, 2021, the USPS announced it awarded a contract to Oshkosh Defense to assemble 50,000 to 165,000 vehicles over the next ten years. This is the second time the agency has delayed its announcement date. Shares of Workhorse Group [WKHS] dropped 8. Workhorse (NASDAQ: WKHS ) stock has been a …. To wit, Roth Capital has downgraded Workhorse to a 'Neutral'. WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. Postal Service released this photograph of its new postal delivery vehicle prototype. The real story for shares of the company started in February when the announcement came that the U. Hi Finpacters,Workhorse is getting a lot of attention. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Postal Service; ultimately, it did not land the contract. Get the latest broker recommendations from Zacks Investment Research. Postal Service has postponed the date for awarding a $6. LORDSTOWN — A trio of Democratic lawmakers is urging President Joe Biden to halt a U. Jameson Dow - Mar. The stock has now plummeted over 50% since the announcement. Impressive Gains Will Go On If Workhorse Seals $6B USPS Contract. 85 per share during February 2020. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced. Investors who speculated that a small company like Workhorse (NASDAQ:WKHS) would win a massive contract from the U. For comparison, the S&P 500 gained 0. All rights reserved. WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. luxe Just another site workhorse group usps contract. The Postal Service has again delayed the awarding of a contract for the replacement for its Grumman LLV. (Photo courtesy of the U. Postal Service modernization contract. 87 in New York trading. Postal Service Awards Contract to Launch MultiBillion-Dollar Modernization of Postal Delivery. wkhs usps contract date, wkhs usps contract announcement date. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its …. Workhorse Group Inc. Reply Replies (2) 14 2. Workhorse (NASDAQ: WKHS) is a little different than the typical short-seller target, though 38% of its outstanding shares are shorted, according to The Wall Street Journal. The significant correction selloff you see in the chart was a result of its losing a multi-billion USPS contract to competitor Oshkosh. Workhorse (NASDAQ: WKHS) is a little different than the typical short-seller target, though 38% of its outstanding shares are shorted, according to The Wall Street Journal. Due to a variety of reasons, Diesel Progress inadvertently previously published outdated information. Feb 25, 2021 · On Tuesday, it was announced that the U. Workhorse Group NASDAQ Updated Sep 2, 2021 12:06 PM. Postal Service as early as the second half of 2020, according to Roth Capital Partners. WKHS recently announced that it has procured a purchase order of 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises. The initial value of the contract was $482 million. Workhorse generated a mere $521,000 in revenues last quarter and delivered just 6 trucks (okay, it produced 38). Instead, Oshkosh found out it had been awarded the 10-year contract to modernize the U. will win the $8. Workhorse Group develops and manufactures electric delivery vehicles. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. But, while continued delays may scare off speculators who buy and sell the stock on headlines alone, does this help or hurt the company's long-term. 1 billion U. 1 Bil witch correlating that into the share price sets a Price Target of around $90 a. It was another day in the red …. On February 23, 2021, the USPS announced it awarded a contract to Oshkosh Defense to assemble 50,000 to 165,000 vehicles over the next ten years. I don't think they can change that now. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to. WKHS stock is down 46% since the Feb. That's about $70 a day, give or take. By Josh Enomoto, InvestorPlace Contributor Jul 23, 2021, 3:56 pm EDT. Why is there an SEC probe now, because WKHS is contesting the USPS contract? Reply Replies (9) 13 3. Analyst Craig Irwin said that the electric delivery vehicle manufacturer could be awarded the coveted delivery vehicle contract by the United States Postal Service later this year. Postal Service awarded a contract to Oshkosh Corp. Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the. Postal Service modernization contract. by Zacks Equity Research Published on July 30,2021. Workhorse stock continued to sell off Wednesday. In the wake of USPS' announcement to replace its vehicle fleet with mostly gas-powered vehicles, lawmakers are asking questions about possible insider trading and seeking to ensure that the fleet purchases a minimum percentage of all-electric vehicles, as reported by Bloomberg. House Oversight Committee Demands Review of Postal Service's $6 Billion Contract With Oshkosh Defense. On this news, Workhorse Group's stock price fell $14. Now Workhorse (ticker: WKHS) is meeting with the USPS to discuss the bid. The analyst said a delay in announcing a winner was expected given the US presidential election was just a few weeks ago. Feb 24, 2021 — Workhorse Group (WKHS) lost the race for a key contract with the U. Postal Service as early as the second half of 2020, according to Roth Capital Partners. Postal Service released this photograph of its new postal delivery vehicle prototype. It was another day in the red for the electric truck industry. According to Roth Capital, the $8. Workhorse generated a mere $521,000 in revenues last quarter and delivered just 6 trucks (okay, it produced 38). The USPS Contract Is Already A Win For Workhorse Group. (NASDAQ: WKHS) dropped nearly 50% on Tuesday and traded down by another 9% in Wednesday’s premarket session following an announcement by the U. The analyst said a delay in announcing a winner was expected given the US presidential election was just a few weeks ago. WKHS: Workhorse Group, Inc. 9%, to $108. USPS released its final production request for proposal on …. WASHINGTON, DC — The U. "The press release announced that Oshkosh Defense, not Workhorse, had won the lucrative NGDV contract. Postal Service will only announce the award. Oct 13, 2020 · A West Coast-based investment banking firm predicts Workhorse Group Inc. WORKHORSE GROUP INC. CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. That’s about $70 a day, give or take. Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group ( WKHS) - Get Report to neutral from buy after a U. Postal Service Vehicle Contract. plunged on Tuesday, triggering multiple trading halts, after a key U. July 23, 2021. On the surface, things don't look good. USPS is about to plug into electric mail carriers, thanks to Biden administration. LORDSTOWN — A trio of Democratic lawmakers is urging President Joe Biden to halt a U. Workhorse stock (WKHS) has gone up by about 10% since. Congressman Tim Ryan of Ohio has asked the SEC to probe large trades into Oshkosh. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. The contract could be worth more than $6 billion in total. With the technology and patents workhorse has the sky isnt even the limit. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Workhorse (NASDAQ:WKHS) Historical Stock Chart From Jul 2021 to Aug 2021 Workhorse (NASDAQ:WKHS) Historical Stock Chart From Aug 2020 to Aug 2021. will win the $8. Last month, the company announced it already needed to redesign its new C-1000 van. Postal Service (USPS) contract to rival, Oshkosh Corp. They (the USPS) have been pushing back and pushing back the deadline to make the announcement on who gets USPS’s $6bb contract and hopefully we are approaching the finish line based off a board of governor’s meeting that occurred this week. Postal Service uses contracted delivery suppliers to support mail delivery needs and ensure it meets its universal service obligation. On February 23, 2021, the U. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. Workhorse Files Formal Complaint Regarding USPS NGDV Contract. WKHS Workhorse Group Inc Oshkosh soars, Workhorse sinks after USPS contract announcement. Maloney wrote that the contract was a "surprise announcement" that marked the end of a. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. (NASDAQ: WKHS) dropped nearly 50% on Tuesday and traded down by another 9% in Wednesday’s premarket session following an announcement by the U. WORKHORSE GROUP INC. Workhorse, founded by Burns in 2007, has been publicly traded since 2011 and became part of the Nasdaq since 2016. Major catalysts include the potential USPS contract (announcement expected later this year) and a potential valuation marker on WKHS’s 10% non-dilutive stake in LMC are key catalysts (neither in. Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the. Electric vehicle company Workhorse Group will file a legal challenge to the U. ("Workhorse Group" or the "Company") (NASDAQ: WKHS) from July 7, 2020. "We have requested pursuant to the publicly provided bid rules - bid process rules, additional information from the U. Electric vehicle company Workhorse Group (WKHS) filed a legal challenge on Wednesday to the U. 3bn that the institution would progressively invest to substitute its delivery truck fleet. 3 billion U. But it would still be better if the company got the contract. However, it is believed that the company could be in contention for a massive contract from the United States Postal Service, that could see the winning bidder get business worth $6. CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. CENTREVILLE, Va. Contract Delivery Service Costs.