The Shyft Group inks $53M contract with U.S. Postal Service

NOVI — A brand in The Shyft Group Inc.’s portfolio has inked a $53 million contract with the United States Postal Service.

Utilimaster — which manufactures custom, multi-stop trucks and uplifts — announced today that the USPS placed a $53 million order for 447 dry freight truck bodies that will be used for heavy bulk mail delivery.

The new contract follows a previous $214 million, multi-year deal between the USPS and The Shyft Group (Nasdaq: SHYF) for 2,000 vehicles.

“For more than 40 years, Utilimaster has been designing and manufacturing purpose-built parcel delivery vehicles that improve delivery efficiencies and driver ergonomics and safety,” Shyft Group President and CEO Daryl Adams said in a statement. “We take great pride in delivering on our promises and in providing high-quality fleets to our customers.”


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