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UPS hit by surge in Cyber Monday orders

UPS expects to see a 5% rise in orders for the holiday season this year.
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Deliveries have been delayed one to two days

United Parcel Service Inc (NYSE:UPS) is an apparent casualty of Cyber Monday hysteria, with the parcel delivery group warning that it is over encumbered with orders.

UPS, after hours on Tuesday, said a portion of its deliveries have been delayed due to the surge in orders.

"As a result of unprecedented shipping volumes in certain markets during cyber week, UPS has added one- or two-day time-in-transit on some deliveries," the company said.

It added that it expects to see volumes increase by 40mln more packages, about 5%, from last year with a total of 712mln packages for the holiday season.

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United Parcel Service Timeline

Newswire
October 25 2013

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