Sign up USA
Proactive Investors - Run By Investors For Investors

UPS hit by surge in Cyber Monday orders

UPS expects to see a 5% rise in orders for the holiday season this year.
UPS logo
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.

View full UPS profile View Profile

United Parcel Service Timeline

October 25 2013

Related Articles

picture of drugs
July 03 2017
Frontier trades its commercial expertise for stakes in the university spin outs and has a core portfolio is six firms.
drilling rigs
February 08 2018
As mining exploration continues to recover from its lulls of a few years ago, Capital Drilling is starting to find its services more and more in demand
call centre
November 09 2017
The company has been granted two patents for the technology underlying its secure payments platform, CallGuard
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use