Holidays Are Looking Less Scary for FedEx, UPS and the Postal Service
Holiday shoppers are giving package carriers an early gift.
FedEx Corp., United Parcel Service Inc. and the U.S. Postal Service may wind up having a much easier time dealing with the holiday crunch than some forecasters predicted. They say it is partly due to an uptick in people buying gifts in stores and doing their shopping early because of concerns about the global supply chain.
Those factors—along with added capacity, an extra shipping day between Thanksgiving and Christmas and Covid-19 vaccines available for workers—have shipping executives and consultants saying the peak shipping season may not be as bad as they thought.
“I don’t want to sound overconfident but we feel good about it,” said Bill Seward, UPS president of world-wide sales and solutions. He said 26 of the company’s top 30 retail shippers have started doing holiday deals earlier than usual. Mr. Seward also said increased consumer awareness of supply-chain problems has led to less procrastinating and that stretches out the peak season and helps ensure “we don’t exceed capacity on the peakiest of days.”