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Workhorse dismisses its legal challenge to USPS contract award

By David Shepardson WASHINGTON (Reuters) -Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service (USPS) move...
Workhorse dismisses its legal challenge to USPS contract award © Reuters. FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New York, U.S., August 21, 2020. REUTERS/Carlo Allegri/File Photo

By David Shepardson

WASHINGTON (Reuters) -Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service (USPS) move to award a multibillion-dollar contract to Oshkosh (NYSE:OSK) Defense for delivery vehicles.

The 10-year contract announced in February could be worth more than $6 billion and allows for delivery of between 50,000 and 165,000 vehicles. Workhorse had proposed building an all-electric vehicle fleet for USPS, while Oshkosh plans a mix of internal combustion-powered and battery-electric vehicles.

Workhorse's legal challenge, filed in June, had been set to face arguments before a judge on Wednesday on the U.S. Court of Federal Claims.

Workhorse and Oskhosh did not immediately respond to requests for comment late Tuesday. USPS declined immediate comment.

Lawyers for the Justice Department in July had filed a motion to dismiss Workhorse's challenge, citing its "admitted failure to exhaust mandatory administrative remedies," according to court documents. Oshkosh filed a similar motion.

Workhorse later argued that USPS's administrative remedies violated the U.S. Constitution, the Justice Department said, but it argued that "Workhorse has forfeited its newfound...challenge by failing to raise it before the Postal Service."

Postmaster General Louis DeJoy has committed to at least 10% of the fleet's being electric vehicles, but has said that with government assistance the USPS could commit to making a majority of the fleet electric within 10 years.

Congress is considering providing USPS billions to speed the adoption of EVs. Earlier this month, a U.S. House of Representatives panel approved $2.4 billion for USPS to buy new EV postal trucks and build charging infrastructure.

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27-09-2021 21:11:17 (UTC+7)

EUR/USD

1.1701

-0.0014 (-0.12%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.1701

-0.0014 (-0.12%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.3712

+0.0029 (+0.22%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

USD/JPY

110.86

+0.14 (+0.12%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

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AUD/USD

0.7280

+0.0022 (+0.30%)

Summary

↑ Buy

Moving Avg:

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Sell (3)

Indicators:

Buy (8)

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USD/CAD

1.2650

-0.0003 (-0.02%)

Summary

Neutral

Moving Avg:

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EUR/JPY

129.71

+0.01 (+0.01%)

Summary

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EUR/CHF

1.0835

+0.0013 (+0.12%)

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↑ Sell

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Gold Futures

1,755.35

+3.65 (+0.21%)

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↑ Sell

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Silver Futures

22.755

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Copper Futures

4.2915

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Crude Oil WTI Futures

75.25

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Brent Oil Futures

78.64

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Natural Gas Futures

5.538

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US Coffee C Futures

193.65

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Euro Stoxx 50

4,167.05

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S&P 500

4,449.00

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DAX

15,587.85

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FTSE 100

7,057.25

+5.77 (+0.08%)

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Hang Seng

24,208.78

+16.62 (+0.07%)

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US Small Cap 2000

2,275.35

+21.47 (+0.95%)

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IBEX 35

8,998.50

+125.40 (+1.41%)

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Moving Avg:

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BASF SE NA O.N.

64.810

+1.110 (+1.74%)

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Neutral

Moving Avg:

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Bayer AG NA

47.34

+0.86 (+1.85%)

Summary

Buy

Moving Avg:

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Allianz SE VNA O.N.

195.96

+3.62 (+1.88%)

Summary

Buy

Moving Avg:

Buy (8)

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Adidas AG

278.85

-2.72 (-0.97%)

Summary

Buy

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Buy (7)

Sell (5)

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Buy (4)

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Deutsche Lufthansa AG

6.468

+0.235 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Siemens AG Class N

147.11

-1.00 (-0.68%)

Summary

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Deutsche Bank AG

11.065

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 EUR/USD1.1701Buy
 GBP/USD1.3712Buy
 USD/JPY110.86Neutral
 AUD/USD0.7280↑ Buy
 USD/CAD1.2650Neutral
 EUR/JPY129.71Sell
 EUR/CHF1.0835↑ Sell
 Gold1,755.35↑ Sell
 Silver22.755Sell
 Copper4.2915Neutral
 Crude Oil WTI75.25↑ Sell
 Brent Oil78.64↑ Sell
 Natural Gas5.538↑ Buy
 US Coffee C193.65Sell
 Euro Stoxx 504,167.05↑ Buy
 S&P 5004,449.00↑ Buy
 DAX15,587.85↑ Buy
 FTSE 1007,057.25Neutral
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,275.35↑ Buy
 IBEX 358,998.50Neutral
 BASF64.810Neutral
 Bayer47.34Buy
 Allianz195.96Buy
 Adidas278.85Buy
 Lufthansa6.468↑ Buy
 Siemens AG147.11↑ Sell
 Deutsche Bank AG11.065Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(5,665/ 5,715) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 27-09-2021 21:11:19
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,755.83+6.330.36%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.41+0.280.38%
Brent$79.65+0.210.26%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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