FedEx and UPS are reportedly facing delivery van shortages as e-commerce activity surges on coronavirus pandemic and the fast-approaching holiday shopping spree. FedEx and UPS, and other shipping services usually have recommended ship-by dates based on their estimates of shipping volume for November and December.
- Courier services expect an unprecedented peak season with tons of volume of delivery orders.
- Retailers and delivery services are already preparing for an online shopping season.
- Black Friday shopping and millions of people forgoing in-person shopping due to the pandemic could overload couriers.
FedEx Corporation and United Parcel Services Inc. stocks are gaining. FDX: NYSE is up 0.45% on premarket, UPS stock is up 0.47% on premarket.