Sen Rockefeller: Union-Backed FedEx Bill Won't Pass - Smart Money
Proposed U.S. legislation to make it easier to unionize at FedEx Corp. (FDX) has no chance of clearing Congress, a top Senate Democrat said Thursday, dealing a blow to an intense lobbying campaign waged by rival United Parcel Service Inc. (UPS) and the Teamsters union.
"I know perfectly well if I put that in the bill ... it's not going to pass," Senate Commerce Committee Chairman John D. Rockefeller (D., W.Va.) said in a brief interview with Dow Jones Newswires.
UPS, the International Brotherhood of Teamsters and other major unions have spent the past year pushing for the provision to be included in a far-reaching aviation bill that would also raise safety standards in the airline industry and fund the Federal Aviation Administration. FedEx has strongly opposed the measure, saying it would severely disrupt its air-service business.
Proposed U.S. legislation to make it easier to unionize at FedEx Corp. (FDX) has no chance of clearing Congress, a top Senate Democrat said Thursday, dealing a blow to an intense lobbying campaign waged by rival United Parcel Service Inc. (UPS) and the Teamsters union.
"I know perfectly well if I put that in the bill ... it's not going to pass," Senate Commerce Committee Chairman John D. Rockefeller (D., W.Va.) said in a brief interview with Dow Jones Newswires.
UPS, the International Brotherhood of Teamsters and other major unions have spent the past year pushing for the provision to be included in a far-reaching aviation bill that would also raise safety standards in the airline industry and fund the Federal Aviation Administration. FedEx has strongly opposed the measure, saying it would severely disrupt its air-service business.