Postal Service reports $3 billion year-on-year loss
Postmaster General DeJoy underscored improved performance at the Postal Service despite a $3 billion quarterly loss.
Postmaster General DeJoy underscored improved performance at the Postal Service despite a $3 billion quarterly loss.
The Postal Service OIG seeks an additional $17 million to respond to future service challenges.
Shares surge as the proposed sale to Thoma Bravo promises a whopping premium to shareholders.
Attorneys general are urging the Postal Regulatory Commission to order the agency to abandon its multiyear focus on parcels until mail delivery problems are resolved.
Workhorse’s unsealed complaint against the Postal Service claims Oshkosh got preferred treatment and skirted the rules in lobbying for the main truck contract.
Oshkosh files to intervene in Workhorse’s lawsuit against the U.S. Postal Service.
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
Workhorse Group built 38 last-mile electric delivery vans in Q1 and revised its build to 1,000 trucks from 1,800 for the full year.
Oshkosh can make 100% battery-electric delivery trucks for the U.S. Postal Service, likely dashing Workhorse’s hopes of reigniting the competition.
Biden executive order will make it easier to lead by example on electric vehicles, DOT chief says.
Congressman Sam Graves proposes using the Postal Service to test a new bridge and highway funding effort.
DeJoy testifies that the Postal Service must focus on increasing its 35% share of the package market currently dominated by private carriers.
Seventeen Democratic House members introduced a bill to assure the Postal Service electrifies its delivery fleet. It could get Workhorse back in the game.
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Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
Workhorse Group is not taking the loss of a contract to make battery-electric mail trucks for the U.S. Postal Service lying down.
United Airlines on Friday became the second airline to pay millions of dollars in penalties for a scheme to defraud the U.S. Postal Service for international mail delivery.
Postal Service chief defends his strategy to shift mail from planes to trucks despite the resulting longer delivery times.
Borrowing pegged to inflated stock price may become a problem for Workhorse Group in the aftermath of missing out on the U.S. Postal Service contract.