Workhorse Group Inc (WKHS)

[OTCRIDER]

November 06, 2017, The USPS will choose models from the prototypes to replace up to 180,000 mail trucks over the course of seven years, an estimated $6.3 billion of business. The post office’s current fleet is aging. Of the 215,000 mail trucks in operation, 140,000 are at least two decades old.

Five contenders are participating in the competition, which the USPS has named the Next Generation Delivery Vehicle, or NGDV, program. They include two team entries: VT Hackney/Workhorse Group and Karsan/Morgan Olson. The three additional companies are AM General, Oshkosh and Mahindra.

The postal service said the winner of the vehicle contract will be announced in early 2018.

https://www.trucks.com/2017/11/06/trucks-compete-next-usps-delivery-vehicle/