Workhorse Group shares tanked after the U.S. Postal Service awarded a 10-year contract to Oshkosh Truck Corp. to modernize the aging mail delivery fleet.
The second issue of FreightWaves Truck Talk looks at the past, present and future of WorkHorse Group.
Trailers being used as storage at Amazon facility adding to the problem, according to OIG.
Domestic and international delivery rates rise 5.9%; the rate on returns shipments rises 4.9%.
Workhorse Group shares plummet as Postal Service delays delivery truck contract to early 2021. Separately, a potential short seller claims the electric delivery truck maker is worth just 20% of its valuation.
On-time scheduling called out for allegedly resulting in trailer trucks dispatched empty.
The U.S. Postal Service doesn’t move the mail by itself. It relies on many transportation and logistics contractors. Cargo Forceis expanding operations to assist with express mail that is transported from airport-to-airport by another contractor – FedEx.
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The U.S. Postal Service said it has restored access to its online tracking system after an outage hit customers on Sunday.
The U.S. Postal Service’s online tracking system went offline on Sunday. It came two days after USPS announced an organizational overhaul
Three suspects are charged with murder after the deadly shooting of an off-duty Mississippi state trooper who was moonlighting as a truck driver for USPS.
DeJoy affirms plenty of capacity for handling presidential election mail-in ballots.
USPS chief DeJoy says agency is in “financially unsustainable position absent significant fundamental change.”
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
$1.5 trillion infrastructure bill passes U.S. House along party lines; includes truck insurance hike.
Etailers and online marketplaces are facing higher postal rates to import packages to the U.S. Find out what businesses can do.
It got $10 million that Clyburn maintains is for smaller firms
“Substantial” federal funding needed to maintain service, board chairman warns.
Selection from private sector feeds speculation of potential privatization of federal agency.
Amazon one of the companies covered under departing FedEx executives’ non-compete clauses.
