Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

marmar

(77,080 posts) Sat Feb 9, 2013, 10:26 PM Feb 2013

Matthew Rothschild: Postal Service Announcement Boosts FedEx, UPS Stocks

http://www.progressive.org/postal-service-announcement-boosts-fedex-ups-stocks

from The Progressive:

Postal Service Announcement Boosts FedEx, UPS Stocks
By Matthew Rothschild, February 8, 2013

In this week that saw the U.S. Postmaster declare that Saturday delivery will end in August, critics like Ralph Nader and Bernie Sanders predicted that it would help the competitors of the Postal Service.

Well their prediction has already come true.

This week, FedEx’s stock price went up 4 percent and UPS’s went up 3 percent, while the Dow was down 0.1 percent.

Coincidence?

I think not.

The privatizers are getting their way.