#grumann

The United States Postal Service (USPS) has revealed its new mail truck after a 6-year competition, selecting the duck-billed option from Wisconsin-based defense contractor Oshkosh. Its Next Generation Delivery Vehicle (NGDV) will officially replace the Grumman Long Life Vehicle (LLV) starting in 2023. Though the LLV spent the last 20 years being gradually supplanted by anything large enough to haul a bag of mail, it’s technically the last vehicle commissioned for use by the USPS.

Sadly, the postal service’s decision also represents a major loss for Ohio-based Workhorse. Its battery electric W-15 seemed to represent the government’s greener ambitions and was capable of 80-mile journeys before a gasoline-powered range extender kicks on. While a smart design, we think the manufacturer would have been better served by having ties to the military, like Oshkosh and Grumman. Workhorse’s share price has been falling ever since news broke that the USPS wouldn’t be needing its services, however analysts are under the impression that it will eventually rebound.