UPS Fails To See Cheer This Holiday - Barrons UPS didn’t even come off as having been as optimistic about the end of the recession as its rival FedEx (FDX). Even the upcoming holidays aren’t expected to be any real panacea. UPS didn’t give any real insight into its expectations for the holiday, except to cite forecasts that said retailers are going to tightly manage inventories, meaning fewer packages to tote from manufacturers and distributors to their stores, and the consumer can be expected to evidence some conservative spending plans. Even the prospect that online stores could increase the opportunities to get items shipped free hasn’t changed the dynamic. UPS said it expected to add 17% fewer seasonal workers this holiday period.