Highlights the need for industry-wide organizing, unionizing FedEx workers

Jacksonville, FL – Despite ‘competing’ as the world's two largest parcel delivery and shipping companies, UPS and FedEx are owned by many of the same banks. According to NASDAQ's ownership summary of both companies, 12 of the top 20 owners of UPS and FedEx are the same banks, investment groups and financial institutions.

My local newspaper chose a strange way to honor workers on Labor Day. On page one, they printed a New York Times story warning that, thanks to its “generous labor contracts,” the U.S. Postal Service is about to go out of business.