UPS (UPS) Front-and-Center as Some Christmas Deliveries Missed (AMZN)
Tweet
Share
E-mail
Get Alerts UPS Hot Sheet
Join SI Premium – FREE
United Parcel Service (NYSE: UPS) is on watch Thursday following a late holiday buying surge which caught the shipped off guard.
One spokesperson for UPS told the WSJ on Wednesday,
FedEx (NYSE: FDX) was also reportedly hit with delays, though the company didn't issue a statement on reports.
Amazon.com (Nasdaq: AMZN) jumped into action, offering affected customers shipping refunds and a $20 gift certificate.
UPS was projecting 132 million deliveries this week and the company noted that the mark was
Shares of UPS are flat in early trading Thursday.
One spokesperson for UPS told the WSJ on Wednesday,
The volume of air packages in the UPS system did exceed capacity as demand was much greater than our forecast.Patches of bad weather were also said to contribute to the delays.
FedEx (NYSE: FDX) was also reportedly hit with delays, though the company didn't issue a statement on reports.
Amazon.com (Nasdaq: AMZN) jumped into action, offering affected customers shipping refunds and a $20 gift certificate.
UPS was projecting 132 million deliveries this week and the company noted that the mark was
obviouslyexceeded.
Shares of UPS are flat in early trading Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Scorpion Capital says short Twist Biosciences
- Analog Devices Q3 earnings preview: Industrial, datacenter demand in focus
- China tech giant’s AI bet faces test as cloud growth accelerates
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
