UPS bailout... (Congress, Brown, Obama, companies)

[twowolves]

...no freakin way. You can sign in, takes under 1 minute, to protest the bailout....on this webpage, over to the right hand side.

Brown Bailout

[USNRET04]

Originally Posted by twowolves

...no freakin way. You can sign in, takes under 1 minute, to protest the bailout....on this webpage, over to the right hand side.

Brown Bailout

I'm really shocked by this, actually haven't heard about it until now. I thought UPS was doing good, much better than the USPS at least. More and more people are buying on-line, so I just assumed that UPS was doing OK.

Now if Congress could bailout the Cleveland Browns, then I will be on-board with that.

[Sign]

Originally Posted by USNRET04

I'm really shocked by this, actually haven't heard about it until now. I thought UPS was doing good, much better than the USPS at least. More and more people are buying on-line, so I just assumed that UPS was doing OK.

Now if Congress could bailout the Cleveland Browns, then I will be on-board with that.

I've heard about this. But, what's surprising about it?
People ARE broke and have less to spend shipping stuff or much else thesedays.
I know they have recently announced some pretty big layoffs.
UPS and the USPS kind of make me think of Amtrak for some reason.

[USNRET04]

Originally Posted by Sign

I've heard about this. But, what's surprising about it?
People ARE broke and have less to spend shipping stuff or much else thesedays.
I know they have recently announced some pretty big layoffs.
UPS and the USPS kind of make me think of Amtrak for some reason.

The point I was trying to make was it seemed like UPS was one of those companies that had it together and could make it through a recession on their own. Even Obama praised UPS and FedEx, admiring how better run they are than his own USPS.

[floridasandy]

it is just legislation designed to punish fedex.

since it is clear that the government can be bought, we just have more potential "buyers" out there.

[GregW]

I wonder why AMTRAK is such a failure when they are running standing room only trains?

[Sign]

Originally Posted by USNRET04

The point I was trying to make was it seemed like UPS was one of those companies that had it together and could make it through a recession on their own. Even Obama praised UPS and FedEx, admiring how better run they are than his own USPS.

I know. It's all good.
THIS recession has hit everything. I think I heard something recently....that maybe DHL? ......was doing alright? Not sure.

[swbtoo]

One by one, they'll take over all of them.

[GreenGene]

Originally Posted by Sign

I know. It's all good.
THIS recession has hit everything. I think I heard something recently....that maybe DHL? ......was doing alright? Not sure.

DHL has had big layoffs.

Portraits Of Hardship - 60 Minutes - CBS News

[GreenGene]

Of possible interest, a couple of articles about this from last June:

FedEx aims at UPS, 'bailout' legislation in Senate » The Commercial Appeal

FedEx Attacks Bill as UPS "Bailout" | Journal of Commerce