Juiced Scorpion X electric moped launched, Genesis unveils its first all-electric vehicle, You’re reading Electrek— experts who break news about. U.S. Published by the American Postal Workers Union. Last week, Congressman Ryan, Congresswoman Marcy Kaptur, and Senator Sherrod Brown wrote a letter to President Biden urging him to halt the postal truck contract until a review can be conducted on whether inappropriate political influence was involved in the decision. Other reports found more instances of waste tied to his company. on USPS Vaccine Update – Eligibility to Expand Soon, East Texas Individuals Guilty in Postal Crime Spree, Postal officials confirm mail stolen from Virginia Beach box tied to more check washing victims, USPS Vaccine Update – Eligibility to Expand Soon, The U.S. In a Tuesday news release, Kaptur mentioned news reports revealing "suspicious stock trades" ahead of the contract announcement, including a $54 million purchase of Oshkosh Corp. stock. This contract was awarded to Oshkosh Corporation and is worth up to $6 billion. Opportunity Knocks As Workhorse Stock Is Ready to Recover WKHS stock was hammered by the loss of the USPS contract, but the commercial EV market in … ... U.S. Postal Service . Specifically, an over $54 million purchase of OSK, made 20 hours before Mr. DeJoy’s announcement, was brought to my attention on social media and in news reports. Announcements 04/15/2021. The USPS fleet has more than 230,000 vehicles in every class, including commercial-off-the-shelf vehicles. Workhorse Group rose as a House panel made plans to examine the USPS' blockbuster truck-building contract to Oshkosh Corp. and questions about stock trades just prior to the contract announcement. Currently, we don’t know who made the trade or whether they might have had information, but regardless, a sudden large trade one day before a big contract was announced still raises questions over whether inside information might have gotten out. Postal Service and Oshkosh Corp. Congressman Ryan Calls on SEC to Investigate $54 Million Oshkosh Stock Purchase Before USPS Contract Announcement. Workhorse Group is looking into its options after losing out on a lucrative U.S. 475 L’Enfant Plaza, S.W. The U.S. Postal Service’s recent contract award to purchase up to 165,000 new postal vehicles from Oshkosh Corporation in a deal valued at up to $6 billion. The IRS was previously used; federal contractors for the FBI have previously been used, and now the United States Postal Service is running a covert surveillance program against Americans that sounds suspiciously like the prior DHS announcement.. The U.S. The Yahoo news article is filled with people saying they don’t know why. On health insurance for CCAs, the tentative contract maintains the Postal Service’s biweekly contribution of $125 toward self-only coverage in the USPS Non-career Health Plan for Plan Years 2020 and 2021. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. Ryan’s demands for an investigation added fuel to Workhorse’s long-shot bid to overturn its loss to Oshkosh, which surged as much as 16% on the day the Postal Service announced the contract … The Honorable Allison Herren Lee I write to pass along reports of what might be unusual trading of Oshkosh stock that took place less than 24 hours before Postmaster General Louis DeJoy publicly announced the contract decision in front of a House panel on February 23rd. The Yahoo news article is filled with people saying they don’t know why. Dear Postmaster General DeJoy: I am writing to request documents related to the U.S. Changes that the arbitrator made are in bold. Washington, DC 20549. Announcements 02/23/2021. For CCAs who wish to select self-plus-one or self-and-family coverage under the USPS plan, the first-year contribution by USPS will be 65 The resolution refers to stock trades made ahead of the USPS-Oshkosh contract announcement, including a $54 million purchase of Oshkosh stock 20 hours before the announcement … ... U.S. Announcements 04/14/2021. Postal Service will finally get new high-tech mail delivery trucks. Representative Gerry Connolly of Virginia, Chairman of the House Subcommittee on Government Relations, also took issue with both of these factors. Washington, D.C. (Mar. The press release mentions an initial $482 million payout. - Mar. Ten? Oshkosh (OSK +7.5%) pops after the USPS awards a 10-year contract to the company to manufacture a new generation of U.S.-built postal delivery vehicles as part of a … Announcements 04/14/2021. The government has financed many startups, notably database maker Oracle.Had the initial USPS contract award been made to Workhorse it would have had the capital to build a factory and finish the design of an all-electric vehicle fleet. The U.S Postal Service awarded a 10-year multi-billion dollar contract to Wisconsin-based Oshkosh Defense to … FTC: We use income earning auto affiliate links. Postmaster General . Postal Service announced a half-billion-dollar contract to replace its aging fleet, but only a … Congressman Ryan Calls on SEC to Investigate $54 Million Oshkosh Stock Purchase Before USPS Contract Announcement added by Rick Owens on March 9, 2021View all posts by Rick Owens →. The full text of the letter is available here and below. Again it is important to repeat, this type of activity is one long continuum. document.getElementById("comment").setAttribute( "id", "a82840590e6085bf2a305c74222b115c" );document.getElementById("f9dfcaf956").setAttribute( "id", "comment" ); Washington, DC – 3/8/21 – Congressman Tim Ryan (OH-13) today urged the Securities and Exchange Commission (SEC) to investigate a $54 million stock purchase made a day before Postmaster General Louis DeJoy announced a contract for the Oshkosh Corporation worth $6 billion to replace the United States Postal Service’s fleet of vehicles. On health insurance for CCAs, the tentative contract maintains the Postal Service’s biweekly contribution of $125 toward self-only coverage in the USPS Non-career Health Plan for Plan Years 2020 and 2021. Additionally, Ryan is concerned that only 10% of the vehicles built under this contract are electric, even as President Biden is calling for the electrification of the federal fleet. Congressman asks SEC to investigate $54 million trade in Oshkosh just hours before announcement of USPS fleet-contract. Given the gravity and serious implications of this contract, I am writing to request that the Securities and Exchange Commission look into this issue as soon as possible. As you may know, the United States Postal Service (USPS) recently awarded a contract for their Next Generation Delivery Vehicle program to replace the aging USPS fleet. Workhorse CEO Duane Hughes said the EV startup will meet with the United States Postal Service on March 3rd after it lost the bid to build the new-generation mail truck. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. 2018 APWU/USPS collective bargaining agreement. The company in question is a defense contractor named Oshkosh. COMPLETED: Commercial Systems’ Maintenance – No Delayed Data Feeds. USPS NGDV. The company produces heavy vehicles for military and public sector use, among other things. Washington, DC – 3/8/21 – Congressman Tim Ryan (OH-13) today urged the Securities and Exchange Commission (SEC) to investigate a $54 million stock purchase made a day before Postmaster General Louis DeJoy announced a contract for the Oshkosh Corporation worth $6 billion to replace the United States Postal Service’s fleet of vehicles. 9th 2021 5:47 pm ET ... in electric vehicle technologies,” according to the USPS announcement. The announcement said Oshkosh Defense, a division of Oshkosh (NYSE: OSK), won the contract. Thomas S. February 4, 2021 Hi Jerry, your answer that it does not apply to the NGDV program itself is completely right. Postal Service’s recent contract award to purchase up to 165,000 new postal vehicles from Oshkosh Corporation in a deal valued Postal Service is a Toxic Work Environment, Working For USPS May Be Dangerous To Your Health, USPS Delivery Failure Notification eMail Scam, USPS has proposed changes for Priority Mail Express delivery times and the reclassification of Bound Printed Matter parcels, To All Postal Employees: It’s Time to Start Sending Time Thieves to Jail and Get the Unions Off their Butts, USPS Unveils 10-Year Plan to Achieve Financial Sustainability and Service Excellence, Biden Announces Nominees for the United States Postal Service Board of Governors. The contract is the first part of a multi-billion-dollar 10-year effort to replace the Postal Service’s delivery vehicle fleet, one of the world’s largest. Congressman Tim Ryan has asked the SEC to investigate a $54 million trade in Oshkosh stock that took place just hours before the USPS awarded a contract to the firm. Impact of … Under the contract, Oshkosh would, over the next decade, manufacture up to 165,000 postal vehicles, roughly a third of the federal government's fleet, according to the announcement. USPS NGDV. The contract, announced Feb. 23, is potentially worth billions of dollars. ... introduce legislation to ensure that the USPS contract consists of … Prior to the announcement, another company, Workhorse Group, was thought to be a frontrunner for the contract. Postal Service, it’s a long, long time. USPS. The new truck will … Questions of corruption are bolstered by Postmaster DeJoy’s history. But in general your opinion about the drones regarding the Postal … Jameson has been driving electric vehicles since 2009, and has been writing about them and about clean energy for electrek.co since 2016. Washington, DC – 3/8/21 – Congressman Tim Ryan (OH-13) today urged the Securities and Exchange Commission (SEC) to investigate a $54 million stock purchase made a day before Postmaster General Louis DeJoy announced a contract … Announcements 04/15/2021. Their bid was for fully electric vehicles, and after Biden’s announcement, they seemed to be a shoo-in, which led to a significant rise in their stock price ($WKHS). When you buy a car, how long do you tend to keep it? Another representative, Mary Kaptur of Ohio, says she will introduce a bill intending to put a pause on the contract while questions of corruption and consistency with Biden’s executive order are answered. March 12, 2021 . COMPLETED: Commercial Systems’ Maintenance – No Delayed Data Feeds. One issue in the award process is that Oshkosh is an established, albeit financially troubled, firm while Workhorse Group is a startup. A USPS logo is seen on a mailbox on February 24, 2021, in New York City. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Securities and Exchange Commission The company was founded in 1917 and has a long history of delivering vehicles for the US government. The US Postal Service has revealed its new mail truck, which will be made by defense contractor Oshkosh following a years-long bidding process. Under the contract, the Postal Service will pay $482 million for the company to finalize its pre-production work. The government has financed many startups, notably database maker Oracle.Had the initial USPS contract award been made to Workhorse it would have had the capital to build a factory and finish the design of an all-electric vehicle fleet. She, Ryan, and Ohio Senator Sherrod Brown all sent a letter to Biden requesting a halt to the Oshkosh contract. Your email address will not be published. Postal Service Is Pushed To Get More Electric Vehicles The U.S. The new vehicles “will be equipped with either fuel-efficient internal combustion engines or battery-electric powertrains and can be retrofitted to keep pace with advances in electric vehicle technologies,” according to the USPS announcement. For CCAs who wish to select self-plus-one or self-and-family coverage under the USPS plan, the first-year contribution by USPS will be 65 The current Grumman LLV postal vehicle ended production in 1994 and yet is still in service. Postal Bulletin Issue 22568, March 25, 2021 Prevent Heat Illnesses Know the signs and act By Rick Owens on March 9, 2021 Breaking News . About 10% of the new U.S. 12, 2021)—Today, Rep. Carolyn B. Maloney, the Chairwoman of the Committee on Oversight and Reform, sent a letter to Postmaster General Louis DeJoy for documents related to the U.S. (adsbygoogle = window.adsbygoogle || []).push({}); Congressman Tim Ryan of Ohio has asked the SEC to probe large trades into Oshkosh ($OSK), the company that received the $6 billion contract on February 22, the day before the announcement. Postal Service fleet will be EVs, with Oshkosh delivering up to 165,000 Next Generation Delivery Vehicles in the next decade. One issue in the award process is that Oshkosh is an established, albeit financially troubled, firm while Workhorse Group is a startup. LORDSTOWN — A trio of Democratic lawmakers is urging President Joe Biden to halt a U.S. As former CEO of a logistics company, he was awarded a non-competitive $300 million contract, which was later audited to find that he had overbilled consumers by $53 million. For the U.S. The U.S. USPS to Workers: Guard Contract Info from Lawmakers: by: Silver Ice King : Sun Mar 14 16:26:53 2021: Anyone want to bet that Postmaster General DeJoy is the person who purchased the $54 million worth of Oshkosh stock the night before the announcement? It was about as high as the most-traded days going back at least a year, though there had been other volume spikes as recently as January, which were similarly high. Later, he became a major fundraiser and donor for the Republican Party and has been accused of breaking campaign finance laws via a “straw donor” scheme where he would reimburse employees for donations to republican candidates. Stock trading volume went up on the 22nd, with a $54 million dollar block trade made late in the day. Postal Service fleet will be EVs, with Oshkosh delivering up to 165,000 Next Generation Delivery Vehicles in the next decade. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U.S.-built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. 9th 2021 5:47 pm ET In the wake of USPS’ announcement to replace its vehicle fleet with mostly gas-powered vehicles, lawmakers are … Postal Service will finally get new high-tech mail delivery trucks. … More. I thank you for your work and I stand ready to assist in any way that I can. Since the announcement, their stock price has gone down significantly, though it has recovered as more questions have been raised about the way the contract was rewarded. 100 F Street, NE If the new vehicle lasts as long, this could mean the federal government would still have gas-powered vehicles on the road 18 or more years after their deadline to go electric. On February 23, USPS announced it has awarded a contract to design and build what it calls it Next Generation Delivery Vehicle to Oshkosh Defense, a wholly owned subsidiary of … About 10% of the new U.S. Washington, D.C. 20260 . In response to this announcement, Representative Jared Huffman of California says he will introduce legislation to ensure that the USPS contract consists of at least 75% electric or zero-emission vehicles. Postal Service contract. Additionally, it is my understanding that the OSK stock rose significantly prior to the announcement. The Arbitration Award … Announcements 02/23/2021. In the wake of USPS’ announcement to replace its vehicle fleet with mostly gas-powered vehicles, lawmakers are asking questions about possible insider trading and seeking to ensure that the fleet purchases a minimum percentage of all-electric vehicles, as reported by Bloomberg. Acting Chair Postal Service truck contract to review whether inappropriate political influence was involved with its award. The backbone of its delivery fleet – more than 200,000 vehicles – is the right-hand-drive Long Life Vehicle (LLV), which has an expected service life of 24 years. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet Oshkosh Defense Will Finalize Design of Next Generation Delivery Vehicle (NGDV), Delivering Up to 165,000 of the U.S.-Built Vehicles Over the Next Decade Total volume for the day did not set a record, but it was much higher than in previous weeks. Workhorse Group is headquartered in Ohio, and a related company, Lordstown Motors, is headquartered in Ryan’s district. This might be reasonable if only a few long rural routes were left on gas for the time being, with the vast majority of vehicles being electric. Use our Tesla Referral Code for 1,000 miles of free supercharging when purchasing a new Tesla or $100 when installing Tesla Solar. The IRS was previously used; federal contractors for the FBI have previously been used, and now the United States Postal Service is running a covert surveillance program against Americans that sounds suspiciously like the prior DHS announcement.. Again it is important to repeat, this type of activity is one long continuum. ... Mar 9, 2021, 3:51 PM. But later, more information came out suggesting that only 10% of the purchase will be electric, and 90% will be powered by gasoline. A few years? Read full news release USPS. Feb. 23, 2021 U.S. Ryan Introduces House Resolution Calling for Halt of USPS Contract. Congressman Tim Ryan has asked the SEC to investigate a $54 million trade in Oshkosh stock that took place just hours before the USPS awarded a contract to the firm. Postal Bulletin Issue 22568, March 25, 2021 Prevent Heat Illnesses Know the signs and act Mr. Louis DeJoy . - Mar. WASHINGTON, D.C. — U.S. Reps. Tim Ryan, D-13 Ohio, Marcy Kaptur, D-9 Ohio, and Jared Huffman, D-2 California, introduced a house resolution Tuesday calling on the Biden administration to halt a truck contract between the U.S. U.S. Department of Defense contracts valued at $7.5 million or more are announced each business day at 5 p.m. This comes in contrast to President Biden’s announcement just a couple weeks prior that the entire federal electric vehicle fleet would be electric by 2030. USPS to Workers: Guard Contract Info from Lawmakers: by: Silver Ice King : Sun Mar 14 16:26:53 2021: Anyone want to bet that Postmaster General DeJoy is the person who purchased the $54 million worth of Oshkosh stock the night before the announcement? Six or seven? The USPS plans to spend $482 million initially on the new trucks, but the sum could grow to $6 billion over the 10-year-long contract, according to the previous announcements. Finally, as postmaster general, he worked to gut the department in significant ways, including repeatedly attempting to interfere with the 2020 presidential election. Electric Vehicle Price Guide – best prices for dealers in the US, Questions arise for corrupt postmaster DeJoy over USPS gas-guzzler contract, only 10% of the purchase will be electric, the entire federal electric vehicle fleet would be electric by 2030, Subscribe to Electrek on YouTube for exclusive videos. Am writing to request documents related to the Oshkosh contract 1994 and yet is still in Service the 22nd with! 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