UPS NYSE: UPS 28 Million Packages for Delivery on Busiest Day
Atlanta, December 17, 2012 (Live Trading News newswrie), 28 Million Packages for Delivery on Busiest Day; 2 Million Returns Packages to Follow
Today UPS (NYSE: UPS) kicks off its seasonal peak week of the year with plans to deliver more than 135 million packages around the world, culminating with 28 million deliveries on Thursday, Dec. 20, the busiest day of the holiday season. Last minute shoppers can ship as late as Friday, Dec. 21, using UPS Next Day Air® to have gifts arrive by Christmas Eve.
To meet the demand, coordinated UPS transportation and technology networks will flex their muscles. The UPS Airlines will add more than 400 additional flights per day this week, and some three million express shipments will be processed within 24 hours through the UPS Worldport international air hub in Louisville, Ky.
With so many packages en route, UPS expects more than 69 million online tracking requests on Tuesday, Dec. 18.
For more holiday stats, see UPS’s peak week infographic.
Consumers have had the added convenience to register for UPS My Choice. The free service sends a text message or email alert the day before a package is delivered. If the scheduled time doesn’t work, registered members can reschedule or reroute their delivery for a small fee. More than 2 million people have registered for the residential delivery service since its October 2011 introduction. UPS has sent 33 million alerts and delivered 29.5 million UPS My Choice packages.
After the holidays UPS doesn’t slow down. As more consumers shop online, they will return or exchange those unwanted holiday gifts. UPS expects to transport more than 2 million packages back to retailers during the first week in January 2013.
This year more retailers are focusing on reverse logistics and offering free returns. Convenient UPS returns options allow consumers to drop off packages at their local The UPS Store or hand it to their UPS driver. UPS encourages retailers to include a return label in the package, or have the labels available on the Internet for consumers to print themselves.
National Returns Day – the busiest day for returns at UPS – is Jan. 3, 2013 when UPS anticipates more than 520,000 packages shipped back to retailers in a single day.
“We’ve seen a 15 percent increase in retail returns over last year,” said David Sisco, UPS retail marketing director. “UPS research shows that 63 percent of online shoppers review a retailer’s returns policy before making a purchase.”
Join @UPS at 3 pm EST Jan. 3 for the #HassleFreeReturns Twitter party to learn helpful tips for holiday returns.
For more information about the holiday shipping calendar and to learn more about the holiday surge, visit these online resources:
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Heffernan Capital Management
Business Development Director – Private Client Group,
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Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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