Update: Market Chatter: Trump Transition Team Mulls Cancellation of US Postal Service Electric Mail Truck Contract

MT Newswires

2024-12-10

(Updates with Oshkosh statement in the fourth paragraph. )

The transition team of US President-elect Donald Trump is mulling the cancellation of the US Postal Service's contracts to electrify its delivery vehicles, including contracts with Oshkosh (OSK) and Ford Motor (F), Reuters reported Friday, citing three sources familiar with the plans.

The move could come in early days of Trump administration, and as per his promise to reverse President Joe Biden's transportation decarbonization efforts, Reuters reported.

Oshkosh is expected to deliver about 45,000 electric vehicles as part of USPS' plan to deploy 66,000 EVs by 2028, with the rest coming from Ford and other mainstream automakers, according to Reuters.

Oshkosh has been working closely with USPS to deliver a mix of American-made electric- and gas-powered vehicles since it won the contract, Oshkosh told MT Newswires. "New vehicles are in service today... and we remain on track to meet all delivery deadlines."

Ford and USPS didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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