UPS failed in its effort to create a “level playing field” in the delivery game after the U.S. Supreme Court turned away its appeal aimed at forcing the U.S. Postal Service to raise its prices.
The Supreme Court on Monday unanimously upheld an appeals court ruling related to how much the Postal Service can charge for packages.
United Parcel Service Inc. (NYSE: UPS) argued that USPS has an unfair pricing method that has “departed from Congress’s requirement” that it compete fairly with private companies.
UPS said in a statement to Atlanta Business Chronicle: “UPS is disappointed that the Supreme Court decided not to hear this case. We will continue to work with the Postal Regulatory Commission to advocate for transparent cost accounting at the USPS.”
Despite the setback, UPS could benefit from a task force appointed by President Donald Trump that’s recommending the Postal Service raise package prices, according to Bloomberg.