![]() ![]() For one, the electric-truck maker lost what appeared to be the stock’s most bullish driver – a USPS contract to renew the postal service’s aging delivery truck fleet after a drawn out process, the contract was awarded to Oshkosh. All rights reserved.2021 has provided several headwinds for Workhorse ( WKHS). Benzinga does not provide investment advice. TRADE X Acquires Automotive Export Specialist Techlantic Transportation Capacity Dips Further, Prices Keep Surging Oshkosh beats Workhorse for Postal Service delivery vehicle contractĬlick for more FreightWaves articles by Alan AdlerĬlick here for options trades from Benzinga Workhorse sues postal service over delivery truck contract Workhorse cries foul in screed against Postal Service award to Oshkosh "The way the doors open and close were built for a specific reason, the technology on the vehicle in terms of auto stop, auto braking and surround cameras." "We looked at every little thing that a postal carrier does and we designed it for the height of the vehicle," he said. In reinforcing Oshkosh's win over Workhorse, Pfeifer said the mail truck Oshkosh will build in Spartanburg, South Carolina, beginning in the summer of 2023 "is designed to "deliver huge productivity and safety benefits to the postal carrier." But we've got to build that confidence in the people that are buying these fleets because that will accelerate the adoption." " will accelerate the adoption of electric vehicles in accordance with their ability to charge them. "It's really going to be gated by the ability to put the charging infrastructure in place to support 165,000 vehicles," Pfeifer said. Pfeifer spoke to the biggest concerns surrounding electric vehicles - the availability of sufficient charging to keep the vehicles on the road. So, the awarding of the Postal Service contract to Oshkosh in February stunned some electric vehicle advocates who figured electric delivery van maker Workhorse Group had an inside track because it proposed an all-electric fleet. The Biden administration wants all 645,000 government fleet vehicles to be electric. (NYSE: NOC) are up to 30 years old, un-air-conditioned, and prone to engine fires. The current postal delivery vehicles built by Northrop Grumman Corp. "The vehicle was designed not just to be electric - it's great that it's electric - but it is designed to deliver huge productivity and safety benefits for the postal carrier," Pfeifer said. ![]() But Oshkosh (NYSE: OSK) is committing only that the trucks will have zero tailpipe emissions at the end of the 10-year contract. CEO John Pfeifer said last week at the Advanced Clean Transportation Expo in Long Beach, California.Īs long as those vehicles return to base at the end of a shift, it is possible that up to 165,000 Next Generation Delivery Vehicles could be battery-powered. "What we've seen happen in just the last few years is the economics have gotten to the point where we can apply this technology to a much broader number of use cases," Oshkosh Corp. That all changes with its multibillion-dollar order for new mail trucks that make up the largest fleet in the U.S. Oshkosh Defense has built electric vehicles for more than 20 years, but they've always been more or fewer one-offs for special purposes. ![]()
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