UPS is lobbying congress for a bailout because they can’t compete with FedEx. This is nothing short of another union (Teamster) maneuver. Go here and watch all the videos and read all the information.
“This is political favoritism at it’s worst, benefiting only UPS and the Teamsters while raising transportation costs across the country. FedEx has been able to break a decades-long UPS monopoly on parcel delivery, reducing costs to millions of costumers. The competition is healthy for everyone, and the best way for UPS to gain its edge is to get out from under the current rules or persuade the Teamsters that they’ll lose their jobs if they won’t change. This Teamsters bailout is worth a GOP filibuster if it ever makes it to the Senate floor.” WSJ, April 26, 2010