UPS gets victory with House postal vote
Legislation that would let the U.S. Postal Service operate more like a company was defeated in a House committee after Democrats and Republicans balked at granting the power to set rates and sell bonds.
The House Government Reform Committee rejected the measure in a 20-5 vote that marked a victory for Atlanta-based United Parcel Service.
The world’s largest delivery company has lobbied for several years against legislation that would allow the postal agency to negotiate discounts with large-volume customers like magazine publishers.
