Strong seasonal shopping lends UPS, FedEx holiday cheer - Reuters
A combination of brisk online orders for items from tablet computers to Omaha Steaks and thinly stocked shelves at conventional stores is lending a fresh dose of holiday cheer for shippers United Parcel Service and FedEx.
The holiday season has become increasingly important to shippers as shoppers shift more of their business to e-commerce and m-commerce -- buying more goods via the Internet or mobile phone. This puts more small packages on trucks and planes operated by FedEx and UPS, both of which have shipping contracts with most of the biggest e-tailers.
UPS has contracts with 21 of the top 25 e-tailers, based on rankings from Internet Retailer magazine.
A combination of brisk online orders for items from tablet computers to Omaha Steaks and thinly stocked shelves at conventional stores is lending a fresh dose of holiday cheer for shippers United Parcel Service and FedEx.
The holiday season has become increasingly important to shippers as shoppers shift more of their business to e-commerce and m-commerce -- buying more goods via the Internet or mobile phone. This puts more small packages on trucks and planes operated by FedEx and UPS, both of which have shipping contracts with most of the biggest e-tailers.
UPS has contracts with 21 of the top 25 e-tailers, based on rankings from Internet Retailer magazine.
