Workhorse Stock Will Soar 200% When It Wins the USPS Contract.
Similarly, Who won USPS bid?
EV startup Workhorse has filed an official protest after losing the bid to make the United States Postal Service’s next-generation mail vehicle in February, a contract that could ultimately be worth some $6 billion. The USPS instead gave that contract to defense contractor Oshkosh.
How workhorse can survive? Workhorse has bled money for years but was able to survive thanks to loans from hedge funds and by selling off parts of its business. The best example of that is Lordstown Motors, an electric pickup truck startup created by former Workhorse CEO (and founder) Steve Burns.
Thereof, Did workhorse meet with USPS?
Workhorse met with USPS representatives on March 3 to discuss the situation. While the details of that meeting “cannot be disclosed at this time,” Workhorse said in a statement that it “intends to share that information through appropriate communications channels to the extent that the Company is permitted to do so.
Is USPS a workhorse?
EV manufacturer Workhorse Group announced it is voluntarily withdrawing its legal challenge against the United States Postal Service (USPS). The June lawsuit addresses the USPS awarding a multibillion-dollar contract to Oshkosh Defense to produce its next fleet of mail delivery vehicles.
How do I know if I won a bid USPS?
Go to liteblue, then eJob bidding, then Employee Bid List, then Display Bid History and see if one says Successful Bidder.
How many times can you bid USPS?
1 user thanked for this useful post. Congratulations on your conversion! There is no limit that you can be the unsuccessful bidder. I have personally unsuccessfully bid over a dozen times in the last year, whamp whamp whamp…
What does senior bidder mean USPS?
Senior qualified bidders, having met the position requirements given on the qualification standard or job posting, are placed into the position, or into training for the position, in accordance with the appropriate collective bargaining agreement.
Why did Oshkosh get USPS contract?
The U.S. Postal Service has awarded Oshkosh Defense the contract to replace the aging Grumman LLV trucks that are currently delivering mail across the country. The contract includes an initial $482 million investment from the USPS to finalize the design of the Next Generation Delivery Vehicle (NGDV).
Should I hold Workhorse?
There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should « buy » Workhorse Group stock.
Is WKHS stock a buy?
The company has a moderate buy rating, based on four analysts forecasting twelve-month price targets of $10.50, on average. At these target levels, WKHS has a whopping 45% upside potential from here.
Will Workhorse get a contract?
The contract could be worth more than $6 billion in total. It allows for delivery over 10 years of between 50,000 and 165,000 of a mix of internal combustion-powered and battery-electric vehicles. Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U.S. lawmakers.
Who got the USPS EV contract?
For a while, it looked like the new fleet might be made up of mostly electric vehicles, but when the contract for the new mail trucks was awarded to Oshkosh Defense in the spring of 2021, the USPS said only 10 percent of the new mail trucks might be electric.
Is Workhorse getting the contract?
WASHINGTON, June 16 (Reuters) – Electric vehicle company Workhorse Group (WKHS. O) filed a legal challenge on Wednesday to the U.S. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense (OSK.
Did Oshkosh get the USPS contract?
Oshkosh Defense, an Oshkosh Corp. subsidiary, won the 10-year contract to build a new generation of postal trucks almost a year ago.
Does Ford own Oshkosh?
Oshkosh Defense president John Bryant shared in a statement to Green Car Reports: « One of those suppliers is Ford Component Sales (a wholly owned subsidiary of Ford Motor Company), providing components across both ICE and BEV models including powertrain, drive train, suspension, and cabin interior components.
Can I decline a bid USPS?
1. No, you cannot change your mind unless your local union has an agreement allowing you to refuse to accept a bid. I worked in one post office where that was allowed, all other offices I worked in if you won the bid, you were stuck with it.
How do you bid for a job USPS?
How To Bid Assignments / Routes on USPS LiteBlue
- Visit LiteBlue (www.liteblue.usps.gov) and enter PIN and Employee ID Number where indicated.
- Click on “My HR” button along the top row.
- In the right column under the “I Am” section select “A Craft Employee” …
- Click ‘Enter Job Bids”
How do Bids work USPS?
The whole bidding process of USPS job bidding on LiteBlue is fully automated. For you to be able to access and submit a bid on a posted assignment, you require your employee ID and PIN. Applications must be sent before the specified deadline. The Human Resources office has a review and evaluation committee.
How long does a route stay up for bid USPS?
The bid notice must be posted for 10 days, unless the local
parties have negotiated a different time period in accordance with Article 30, Sections B. 21 and B.
How does USPS determine seniority?
Employees do not have seniority during their probationary period. Once the probationary period is completed, an employee’s seniority is computed from the date of employment. When an employee is separated from the Postal Service and later rehired, the employee must serve a new probationary period.
What are retreat rights USPS?
Employees who are involuntarily reassigned and are given an advance notice of not less than 60 days receive retreat rights . Any craft employee who voluntarily accepts reassignment to another craft or occupational group, another branch of the Postal Service, or another installation loses retreat rights .
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