One of the biggest corporate winners after Tuesday night's watershed Republican House victories will be Memphis-based FedEx Corp., which can abandon fears that pending legislation will upset its existing labor relations.
"I think they dodged a bullet," said David Schaffer, a Vienna, Va.-based aviation consultant and former counsel to the House aviation subcommittee.
Schaffer said it's still possible the lame-duck Congress could pass a new, multiyear Federal Aviation Administration bill, but "I don't think it could pass with the FedEx provision in it."
FedEx has deployed an army of lobbyists in recent years and established a public relations campaign to defeat the provision that would have reclassified some FedEx employees under the National Labor Relations Act, allowing them to form local bargaining units that could strike and upset the company's reputation for reliability. Full Story........