Skip to content
Search AI Powered

Latest Stories

newsworthy

UPS projects 8% gain in daily holiday volumes despite shortest shopping season since '02

Company to deliver 34 million packages on peak day.

UPS Inc., the nation's largest transportation company, projected an 8-percent increase in daily volumes during its pre-holiday peak period, despite 2013's being the shortest holiday shopping season in 11 years.

Atlanta-based UPS said it expects to pick up more than 34 million packages globally on Dec. 16, which will be its peak pickup day. UPS said it will deliver more than 29 million packages on Dec. 17, its busiest delivery day. On so-called "Cyber Monday," set for Dec. 2, UPS's pickup volume is predicted to rise 10 percent to 32 million pieces. UPS said there will be five delivery days within the 2013 peak season where it will surpass its peak day in 2012.


There are only 26 shopping days this year between Thanksgiving and Christmas, six fewer days than in 2012, making this the most compressed holiday period since 2002. That is because the Thanksgiving Day holiday this year falls on Nov. 29, which is later than usual.

To handle the increased volumes, UPS said it will hire 55,000 seasonal employees across the U.S. to work as drivers, helpers, package sorters, loaders, and unloaders. On normal business days, UPS delivers about 17 million packages across its global network.Yesterday, FedEx Corp., UPS's chief rival, said it expects to see its busiest day in company history when it moves more than 22 million shipments around the world on Cyber Monday. The estimated volumes would represent an 11-percent year-over-year increase, FedEx said.

During its busiest week of the year, Dec. 1 through 7, FedEx expects more than 85 million shipments to move through its global networks, a 13-percent increase over last year's busiest week. A large portion of those volumes will come from e-commerce transactions funneled through the company's delivery networks.

The Latest

More Stories

Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

Keep ReadingShow less

Featured

aerial photo of port of miami

East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
forklifts in warehouse

Demand for warehouse space cooled off slightly in fourth quarter

The overall national industrial real estate vacancy rate edged higher in the fourth quarter, although it still remains well below pre-pandemic levels, according to an analysis by Cushman & Wakefield.

Vacancy rates shrunk during the pandemic to historically low levels as e-commerce sales—and demand for warehouse space—boomed in response to massive numbers of people working and living from home. That frantic pace is now cooling off but real estate demand remains elevated from a long-term perspective.

Keep ReadingShow less
worker using sensors on rooftop infrastructure

Sick and Endress+Hauser say joint venture will enable decarbonization

The German sensor technology provider Sick GmbH has launched a joint venture with the Swiss measurement technology specialist Endress+Hauser to produce and market a new set of process automation solutions for enabling decarbonization.

Under terms of the deal, Sick and Endress+Hauser will each hold 50% of a joint venture called "Endress+Hauser SICK GmbH+Co. KG," which will strengthen the development and production of analyzer and gas flow meter technologies. According to Sick, its gas flow meters make it possible to switch to low-emission and non-fossil energy sources, for example, and the process analyzers allow reliable monitoring of emissions.

Keep ReadingShow less