UPS and FedEx started capping air express deliveries in recent days after an 11th-hour increase in packages caused some retailers to exceed agreed-upon limits, according to people briefed on the situation.
UPS (NYSE:UPS) and FedEx (NYSE:FDX) have started limiting their air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits.The move is aimed at avoiding a repeat
UPS all year has been focused on one day above the rest: Monday Dec. 22, when it will deliver 34 million packages, more than any other in its history—putting a new high-tech sorting system to the test.
A recovering U.S. economy and stronger dollar have spurred imports from Asia. While that should benefit the California ports of Los Angeles and Long Beach, a protracted labor dispute there is directing cargo to East Coast rivals.