Free Republic

The following is an excerpt from a commentary in Barron’s calling for legislators to keep their “hands off competition in package delivery.” Editorial Commentary: “Tilting the Playing Field”Barron’s, July 19, 2010By Thomas G. Donlan “…FedEx is defending a piece of ground called the Railway Labor Act; UPS is trying to run a tank called the National Labor Relations Act over the FedEx position.All sides in the dispute agree that FedEx has a competitive advantage over UPS because FedEx doesn’t have a union.FedEx operates under the Railway Labor Act because it was created as an airline (it would take a Ph.D....

FedEx reported a larger quarterly loss Wednesday and gave an outlook well below Wall Street estimates for the current period, citing the recession's impact on package volumes and rising fuel costs that will hit its bottom line. The package delivery company, whose shares fell nearly 3 percent, said the next two quarters would be "extremely difficult," but added that there were there were signs that the pace of economic decline had slowed.