UPS Cuts Gap With FedEx in Risky Bragging-Rights Fight on Speed - Bloomberg Quint
FedEx Corp. has lorded its speed advantage over United Parcel Service Inc. for years. Now FedEx is tapping the brakes in key parts of its network amid an onslaught of packages, while UPS touts its investment in faster deliveries.
The drive to be quicker has enabled UPS to cut delivery times by a day on 10% of its ground packages, said Juan Perez, the company’s chief information and engineering officer. Meanwhile, FedEx intentionally slowed some shipping lanes by a day beginning in November, temporarily ceding the speed crown as the coronavirus pandemic spurs record demand, according to ShipMatrix.
FedEx Corp. has lorded its speed advantage over United Parcel Service Inc. for years. Now FedEx is tapping the brakes in key parts of its network amid an onslaught of packages, while UPS touts its investment in faster deliveries.
The drive to be quicker has enabled UPS to cut delivery times by a day on 10% of its ground packages, said Juan Perez, the company’s chief information and engineering officer. Meanwhile, FedEx intentionally slowed some shipping lanes by a day beginning in November, temporarily ceding the speed crown as the coronavirus pandemic spurs record demand, according to ShipMatrix.
