![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, June 18, 2009 9:57:08 AM
Last update: 6/18/2009 9:53:00 AM
Eight in 10 Americans Oppose More Government Bailouts and Seven in 10 Say Brown Bailout Is Unfair
MEMPHIS, Tenn., Jun 18, 2009 (BUSINESS WIRE) -- Americans overwhelmingly oppose the proposed government "brown bailout" for United Parcel Service that would give UPS an industry edge for overnight deliveries, according to a new national poll conducted June 2-3 by Public Opinion Strategies for "BrownBailout.com."
Nearly seven out of 10 Americans polled oppose the government intervention and 80 percent say the federal government should stop bailing out companies and let the market determine who succeeds.
"BrownBailout.com" was launched by FedEx Express, the creator of the overnight delivery, to educate the public about the bailout language buried within the FAA Reauthorization Act of 2009 currently before Congress. As written, it calls for FedEx Express to be removed from coverage under the Railway Labor Act, the law under which FedEx Express was founded in the 1970's and has always operated under. By removing FedEx Express from RLA, Congress would expose FedEx operations to service interruptions that could impact the shipment of critical goods like medicines and essential inventory.
UPS is lobbying for this change because it believes the RLA gives FedEx Express a "competitive advantage."
Without RLA controls however the government would in effect give UPS unfair advantage by potentially putting in jeopardy the reliability of the FedEx integrated delivery network.
Americans have come to depend on the FedEx Express next-day delivery network to supply all its most essential needs. The national telephone survey was conducted by Public Opinion Strategies of 800 registered voters, and has a margin of error of the poll is +/- 3.46%.
Highlights of the survey include:
-- 75 percent say the reliability of overnight package delivery - knowing that a package will be delivered, when promised - is extremely or very important.
-- 61 percent say overnight package delivery is extremely or very important to the U.S. economy.
-- 81 percent of those polled believe FedEx and UPS have been operating successfully for decades, and since consumers have choices, competitive prices and service options, there is no need to change the laws.
-- 58 percent of those polled say they would be extremely or very concerned if Congress considered legislation that could make the overnight delivery system less reliable in the United States.
-- 70 percent say it is unfair for Congress to impose trucking regulations on FedEx's shipping business because four out of five packages delivered by FedEx travel by air. UPS began as a trucking company and delivers four out of five packages by truck.
-- 67 percent of those polled oppose this proposed action by Congress to impose trucking regulations on FedEx Express.
For more information on UPS' "Brown Bailout", visit . SOURCE: FedEx's BrownBailout.com BrownBailout.com 1-866-978-6886 media@brownbailout.com
Recent FDX News
- FedEx Reports Higher Full-Year Diluted EPS of $17.21 and Adjusted Diluted EPS of $17.80 • Business Wire • 06/25/2024 08:04:00 PM
- U.S. Index Futures Mixed Following Tech Sell-Off, WTI and Brent Crude Dip Slightly • IH Market News • 06/25/2024 10:37:15 AM
- Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains • IH Market News • 06/21/2024 12:00:38 PM
- Tesla Surges 5% in Pre-Market; Virgin Galactic Drops 9% Following Reverse Stock Split, and More News • IH Market News • 06/13/2024 11:24:25 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 10:45:34 AM
- FedEx Corp. Board Increases Quarterly Dividend 10 Percent • Business Wire • 06/10/2024 06:15:00 PM
- iPhone Sales Skyrocket in China, Nvidia Surges in Pre-Market Following xAI Fundraising, and More News • IH Market News • 05/28/2024 11:37:48 AM
- FedEx Awards More Than $230,000 to 10 Small Businesses • Business Wire • 05/16/2024 04:00:00 PM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News • IH Market News • 04/26/2024 11:48:07 AM
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Tech Sector Weakness May Weigh On Wall Street • IH Market News • 03/25/2024 01:26:54 PM
- U.S. Stocks Close Mixed On The Day But Sharply Higher For The Week • IH Market News • 03/22/2024 08:40:00 PM
- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86 • Business Wire • 03/21/2024 08:08:00 PM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:15:48 PM
- FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024 • Business Wire • 03/11/2024 08:15:00 PM
- FedEx to Launch 12th Annual Small Business Grants Program • Business Wire • 02/29/2024 02:00:00 PM
- FedEx Continues Pledge to HBCUs with Announcement of Third Student Ambassador Cohort • Business Wire • 02/21/2024 01:00:00 PM
- FedEx Corp. Board Declares Quarterly Dividend • Business Wire • 02/16/2024 02:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 09:28:03 PM
- FedEx delivers the Vince Lombardi Trophy to Las Vegas ahead of Super Bowl LVIII • Business Wire • 02/08/2024 04:42:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/29/2024 08:26:29 PM
- Wall Street Highlights: Macy’s Announces Job Cuts, iRobot Shares Plummet Due to Planned Acquisition Block, and More • IH Market News • 01/19/2024 11:09:24 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM