The postal service is replacing its aging fleet of gas-powered delivery vehicles. This copy is for your personal, non-commercial use only. The company develops EV pick-up trucks at a former GM factory. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. On the date of publication, Tom Taulli did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. All rights reserved. Still, shares are down about 2.3% since last... Workhorse Group investors got some bad news Tuesday. As for Workhorse, it is among the three bidders left. An error has occurred, please try again later. That is an impressive run! The data identified 17 additional postal retail units with $2.5 million in excess stamp stock, and nine additional units with $1.7 million of questionable levels of excludable stamp stock. For the best Barrons.com experience, please update to a modern browser. Workhorse Group investors got some bad news Tuesday. But the company would eventually pivot to create trucks and vans for commercial purposes. As a result, the merger allowed for the new entity — Workhorse — to become a full-blown manufacturer. Workhorse (NASDAQ:WKHS) stock has been trading for the past decade or so. The company got its start back in 2007 and was called AMP Electric Vehicles. 1125 N. Charles St, Baltimore, MD 21201. USPS wants Post Offices to stock up on shipping supplies to better assist businesses that use Premium Forwarding Service Commercial (PFSC).. Tom Taulli (@ttaulli) is an advisor/board member for startups and author of various books and online courses about technology, including Artificial Intelligence Basics, The Robotic Process Automation Handbook and Learn Python Super Fast. A win would be a big deal for Workhorse stock. Find information on our most convenient and affordable shipping and mailing services. Los Angeles, CA / USA - Sept. 24, 2020: An official United States Postal Service USPS mailer reads: “ USPS delivery truck. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Postal Service contract and its high valuation. Welcome to USPS.com. If your order contains pre- or back-ordered items, those items will ship separately when all pre- or back-ordered items in your order become available. United States Postal Service USPS Vote by Mail Info Card. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/workhorse-wkhs-stock-could-skyrocket-usps-contract/. NEW YORK, USA - DECEMBER 14, 2018: USPS postman on a mail delivery truck in New York. This is perhaps the biggest near-term risk. But there is likely to be significant growth in the coming years. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Postal Service decision regarding vehicle replacement. Postal Service decision regarding vehicle replacement. After all, if things pan out, the return should be substantial anyway. USPS postage rates offer low-cost mailing and shipping prices for domestic & international customers. Workhorse Stock Could Skyrocket on a U.S. It is also important that the company’s vehicles are not just a concept. We've detected you are on Internet Explorer. So far, there are over Workhorse 400 vehicles on the road. Company profile page for United States Postal Service including stock price, company news, press releases, executives, board members, and contact information The U.S. Workhorse stock (ticker: WKHS) is down 13% to $23.22 at 1:18 p.m. Tuesday. Stock analysis for United States Postal Service (6507Z) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Workhorse does have contracts — albeit relatively small — with companies like Ryder (NYSE:R). Now investors have to wait. 9:20 AM ET Tue, 13 Oct 2020. If so, this would certainly be a game changer. It’s far from clear how things may turn out. If the United States Postal Service were a private business, it would have ranked 44th on the 2019 Forbes 500 list. https://www.barrons.com/articles/workhorse-stock-dropping-usps-delayed-contract-decision-51602601648. If you are asking about stock certificates as a sign of ownership, the United States Postal Service is not a publicly held corporation and does not have and has not issued any stock. And yes, Workhorse is a pretty good option. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Postal Service Contract, back in 2007 and was called AMP Electric Vehicles, 60% less maintenance expense versus fossil-fueled trucks, 7 Outdated Tech Stocks to Sell Before It’s Too Late, Louis Navellier and the InvestorPlace Research Staff, Don’t Chase CIIG Merger in the EV Stock Buying Frenzy, Matt McCall and the InvestorPlace Research Staff, What Did the Stock Market Do? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. In other words, this could represent a valuable asset for Workhorse’s balance sheet. This could translate into $170,000 in savings over a 20-year period. Order stamps, shipping supplies, and unique items only available from the United States Postal Service. If a package qualifies for the USPS Delivery Instructions™ service, you can tell USPS where to leave a package at your address, send it to a different address, or send it to your Post Office. Next year, Lordstown Motors plans to begin the rollout of its vehicles — and there are already orders for $2 billion. But this is not the only major catalyst for WKHS stock. Keep in mind that the company has a 10% equity stake in Lordstown Motors. Although for now, when it comes to WKHS stock, it still does look like a speculation, given the U.S. 1125 N. Charles St, Baltimore, MD 21201. Click Change Delivery Instructions on the tracking results page to leave your request. Welcome to the Postal Store at USPS.com! Covid-19 has delayed the pending U.S. One of the catalysts is the U.S. This copy is for your personal, non-commercial use only. They are now at $22. Postal Service contract and its high valuation. 2020 InvestorPlace Media, LLC. There is also a proprietary telematics system to track and monitor the performance and optimize the routes. Thus, if you do make an investment, it’s probably best to not get too aggressive. A big part of this involved a merger with Workhorse Custom Chassis, which was founded in 1998. Consider that WKHS stock has soared from $1.32 to a high of $30.99. Postal Service, which is in the process of upgrading its fleet of 165,000 vehicles and the contract could be worth over $6 billion. The USPS Contract. With the surge in the growth of e-commerce, there is a need for more cost-effective last-mile delivery vehicles.