USPS

FedEx Corp (NYSE:FDX) could provide a look at how shipping demand is shaping up and ease analysts’ concerns about the macro environment when the company reports first-quarter financial results after market close Thursday. Earnings Estimates: Analysts expect FedEx to report first-quarter...

FedEx Corp (NYSE:FDX) shares are trading lower Monday after the company announced it will end domestic transportation services for the United States Postal Service this year. What Happened: FedEx said it failed to reach an agreement on mutually beneficial terms with USPS following extensive...

California-headquartered Canoo Inc. (NASDAQ:GOEV) said on Wednesday that the U.S. Postal Service (USPS) has joined hands with the EV startup to acquire six electric vehicles (EVs). What Happened: USPS will take delivery of Canoo’s Lifestyle Delivery Vehicle 190 (LDV 190) in the first quarter...

Former President Donald Trump is one of the most followed accounts on Twitter, now known as X, with more than 80 million followers. Over the years, Trump used the platform to attack individuals and companies. Here’s a look back at an attack on one of the largest companies in the world....

Amazon.com, Inc. (NASDAQ: AMZN) kicked off its 48-hour Prime Day sale on Tuesday. Deepwater Asset Management's Gene Munster says the competition should look out.  What To Know: Amazon’s Prime Day event offers Prime members exclusive access to the company's ...

The United States Postal Service (USPS) is looking to improve its fleet of vehicles. A contract in 2022 was met with backlash as it focused less on electric vehicles than expected, something it is looking to improve going forward. USPS recently awarded a number of postal truck contracts, some...

Workhorse Group is withdrawing its protest of a multibillion-dollar delivery truck contract that the U.S. Postal Service had awarded to Oshkosh Corp. after reconsidering the background of the bid as well as other business opportunities. "Since I joined the company six weeks ago, we have been...

A challenge to a large U.S. Postal Service new vehicle contract has been withdrawn by one of the finalists.  What Happened: Workhorse Group (NASDAQ: WKHS) has voluntarily dismissed a challenge to the USPS contract won by Oshkosh Group (NYSE: OSK). The challenge was to a contract awarded to...

The winter holidays aren't what they used to be. In the weeks leading up to Christmas, Hanukkah, and other seasonal celebrations, store shelves usually could be found filled to the brim with holiday merchandise, but that's a thing of the past with the supply chain facing some of the worst...

Oshkosh Defense has built electric vehicles for more than 20 years, but they've always been more or fewer one-offs for special purposes. That all changes with its multibillion-dollar order for new mail trucks that make up the largest fleet in the U.S. and maybe the world. "What we've seen happen...

Shipping and package volume moved by the U.S. Postal Service declined by 14.1% year-on-year in its fiscal year 2021 third quarter as a surge in demand for package delivery services began to slow, the quasi-governmental agency said Friday. Revenue for that sector of the Postal Service's business...

Workhorse Group (NASDAQ: WKHS) has sued the U.S. Postal Service over the government agency's awarding of a piece of its $6.8 billion delivery truck contract to Oshkosh Corp. (NYSE: OSK), a move Workhorse had been considering since the award was announced in February. Workhorse's bid protest was...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the Oshkosh-Workhorse squabble over a Postal Service contract, as well as hopes for federal funding for truck charging stations and more. The High Five 1. Oshkosh Truck Corp. can make 100...

Workhorse Group Inc (NASDAQ: WKHS) rose almost 13% in the regular trading on Monday. What Happened: The surge came as a group of 17 U.S. House Democrats introduced a bill to award $6 billion to the United States Postal Service in order to purchase tens of thousands of electric delivery vehicles,...