Online Sales Buoy U.P.S. And FedEx - New York Times
With sales rising to a record $35.3 billion in November and December — a 15 percent increase from a year ago, according to the research service comScore — online retailers are celebrating.
There is another less obvious beneficiary of the e-commerce boom: the two major package delivery companies, United Parcel Service and FedEx. And even now, thanks to wrong sizes, awkward gifts and ill-considered purchases, the companies are riding a holiday wave.
“There’s a trend of buying more things online, and the way that’s ultimately delivered is via U.P.S., FedEx or the Postal Service,” said David G. Ross, an analyst at Stifel Nicolaus. “They’re all winning.”
With sales rising to a record $35.3 billion in November and December — a 15 percent increase from a year ago, according to the research service comScore — online retailers are celebrating.
There is another less obvious beneficiary of the e-commerce boom: the two major package delivery companies, United Parcel Service and FedEx. And even now, thanks to wrong sizes, awkward gifts and ill-considered purchases, the companies are riding a holiday wave.
“There’s a trend of buying more things online, and the way that’s ultimately delivered is via U.P.S., FedEx or the Postal Service,” said David G. Ross, an analyst at Stifel Nicolaus. “They’re all winning.”
