FedEx, UPS Seek to Prove They Can Thrive in Busiest Holiday Rush - MSN
United Parcel Service Inc. and FedEx Corp., riding high from record package deliveries amid the coronavirus pandemic, are moving on to their next challenge: showing investors they can boost profit in the approaching onslaught of the holidays.
FedEx followed UPS and the U.S. Postal Service this week in setting aggressive peak-season fees, signaling increased pricing power with retailers ahead of what’s expected to be an unprecedented year-end surge of packages. The couriers will also compete with Amazon.com Inc. to hire hundreds of thousands of seasonal drivers as the e-commerce giant ramps up its distribution network.
United Parcel Service Inc. and FedEx Corp., riding high from record package deliveries amid the coronavirus pandemic, are moving on to their next challenge: showing investors they can boost profit in the approaching onslaught of the holidays.
FedEx followed UPS and the U.S. Postal Service this week in setting aggressive peak-season fees, signaling increased pricing power with retailers ahead of what’s expected to be an unprecedented year-end surge of packages. The couriers will also compete with Amazon.com Inc. to hire hundreds of thousands of seasonal drivers as the e-commerce giant ramps up its distribution network.
