Health and Wellness : US Postal Service could shut down by June - Covid19

[Clyde C Coger Jr]

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Biden nominates postal board slate that could oust Louis DeJoy after DeJoy vows to stay put​

Biden nominates postal board slate that could oust Louis DeJoy after DeJoy vows to stay put

President Biden on Wednesday nominated three people for the U.S. Postal Service board of directors. The nominations would fill vacant seats on the board and allow Biden to indirectly assert control over an independent agency beset by service delays and rumored cuts by Postmaster General Louis...

news.yahoo.com

Biden nominated Ron Stroman, the recently retired deputy postmaster general; Amber McReynolds, a vote-by-mail advocate who heads the National Vote at Home Institute; and Anton Hajjar, former general counsel of the American Postal Workers Union.

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Peter Weber

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[Clyde C Coger Jr]

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Workhorse to meet USPS on Wednesday to discuss loss of delivery contract​

Workhorse to meet USPS on Wednesday to discuss loss of delivery contract

Workhorse Group Inc shares rose after it disclosed it will meet with U.S. Postal Service on Wednesday after the electric-vehicle maker lost a multibillion-dollar contract to Oshkosh Defense for making postal delivery vehicles last week. "We have requested pursuant to the publicly provided bid...

finance.yahoo.com

Some environmentalists criticized the announcement after President Joe Biden in January vowed to replace the U.S. government’s fleet of roughly 650,000 vehicles with electric models.

FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box

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[Clyde C Coger Jr]

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U.S. Postal Service will offer early retirements, consolidate postal districts​

U.S. Postal Service will offer early retirements, consolidate postal districts

The U.S. Postal Service(USPS) said on Wednesday it is offering early retirement to non-union employees as it consolidates postal districts in an effort to stem billions in red ink. The USPS will merge the existing 67 Postal Service Districts into 50 Districts and will also centralize...

www.yahoo.com

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FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box




David Shepardson

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[Clyde C Coger Jr]

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Fighting for stockholders

Workhorse met with USPS reps after missing out on delivery truck contract, will keep pursuing options​

Workhorse met with USPS reps after missing out on delivery truck contract, will keep pursuing options

Workhorse Group Inc. said Thursday that it met with U.S. Postal Service representatives on March 3, to discuss why the electric vehicle maker missed out on a Next Generation Delivery Vehicle contract, which was awarded to Oshkosh Corp. Workhorse said it can't disclose details of the discussion...

finance.yahoo.com

"We will continue to follow the proper due course procedures as defined by the USPS and will also look to other options available to us." He said legal and corporate advisory firms were retained to identify and pursue its options. Workhorse's stock has now lost 39.0% over the past three months, while Oshkosh shares have rallied 26.9% and the S&P 500 SPX, +1.95% has gained 2.0%.

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Tomi Kilgore

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[Clyde C Coger Jr]

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Is this good or bad

Workhorse Surges as Lawmakers Take Aim at Postal Contract​

Workhorse Surges as Lawmakers Take Aim at Postal Contract

(Bloomberg) -- Workhorse Group Inc. rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and another lawmaker raised questions about stock trades just prior to the contract announcement.Workhorse’s bid to replace...

finance.yahoo.com

Ari Natter, Todd Shields and Lillianna Byington

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