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U.S. Postal Service Unveils First Postal Electric Vehicle Charging Stations and Electric Delivery Vehicles

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Monday, January 22, 2024
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ATLANTA, Jan. 22, 2024 /PRNewswire/ -- Today, the United States Postal Service (USPS), alongside White House officials, unveiled its first set of electric vehicle (EV) charging stations at its South Atlanta Sorting and Delivery Center (S&DC).

Key Points: 
  • ATLANTA, Jan. 22, 2024 /PRNewswire/ -- Today, the United States Postal Service (USPS), alongside White House officials, unveiled its first set of electric vehicle (EV) charging stations at its South Atlanta Sorting and Delivery Center (S&DC).
  • Postal Service, America's electric vehicle industry, workers, and the environment," said White House Council on Environmental Quality Chair Brenda Mallory.
  • These stations will be able to efficiently charge Postal Service EVs overnight prior to the next day's deliveries.
  • In addition, updating and modernizing the Postal Service's fleet will allow delivery vehicles to haul larger volumes of mail and packages.

USPS Places Order for 50,000 Next Generation Delivery Vehicles; 10,019 To Be Electric

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Thursday, March 24, 2022
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The first order is for 50,000 vehicles a minimum of which will be for 10,019 battery electric vehicles (BEVs).

Key Points: 
  • The first order is for 50,000 vehicles a minimum of which will be for 10,019 battery electric vehicles (BEVs).
  • "We are pleased to be moving forward with this much needed investment in our fleet," said Postmaster General and USPS Chief Executive Officer Louis DeJoy.
  • Many of our 190,000 delivery vehicles on the road are more than 30 years old and lack basic safety features which are standard in most vehicles today.
  • For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf .

Helios Underwriting (HUW): Initiation - Increased Lloyd's participation at the right time

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Tuesday, March 1, 2022
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Helios Underwriting is a successful aggregator of Lloyd's of London (Lloyd's) syndicate capacity, delivering a sixfold increase since FY16.

Key Points: 
  • Helios Underwriting is a successful aggregator of Lloyd's of London (Lloyd's) syndicate capacity, delivering a sixfold increase since FY16.
  • This will slow capacity growth until FY24 when the hard premium cycle should deliver strong earnings, unless Helios can raise additional capital sooner.
  • Increased funding could fuel strong acquisitive growth for Helios in the remaining 3bn pool of LLV capacity.
  • There is valuation upside if more working capital can be generated and deployed in underwriting capacity growth, boosting value drivers.

USPS: Committed to the Fiscally Responsible Roll-out of Electric-powered Vehicles for America's Largest Federal Fleet

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Sunday, February 6, 2022
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Absent such funding, we must make fiscally responsible decisions that result in the needed introduction of safer and environmentally cleaner vehicles for the men and women who deliver America's mail."

Key Points: 
  • Absent such funding, we must make fiscally responsible decisions that result in the needed introduction of safer and environmentally cleaner vehicles for the men and women who deliver America's mail."
  • Although congressional funding levels have varied, the Postal Service most recently discussed an ability to achieve 70% fleet electrification within a decade.
  • However, that responsibility should not be mistaken for an ambivalent commitment to operating a cleaner Postal vehicle fleet for our country," said Postmaster General DeJoy.
  • For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf .