United Parcel Service Inc on Wednesday said it would hire more than 100,000 workers for the winter holiday season, which retailers are stretching out to avoid overwhelming a delivery network already taxed by pandemic-fueled online shopping. The world's largest package delivery company plans to hire about the same number of seasonal holiday helpers as last year. It expects this year's peak season to extend from October to January - one month longer than last year, as retailers prep for their earliest-ever kickoff.
FedEx caught and upgrade Thursday and United Parcel Service caught a downgrade. But that isn’t all. Berenberg analyst William Howard sees an opportunity to for a “parcel pair trade.”
Getting a coronavirus vaccine from manufacturing sites to some parts of the world with rural populations and unreliable electricity supply will be an immense challenge, given the need to store some vials at temperatures as low as minus 80 degrees Celsius (-112 Fahrenheit), Deutsche Post warned on Tuesday. The German logistics firm said that distribution of an eventual vaccine across large parts of Africa, South America and Asia would require extraordinary measures to keep deliveries of so-called mRNA vaccines refrigerated at Antarctic-level temperatures. Companies developing vaccines requiring exceptional cold storage, such as Moderna and CureVac, are working hard to make their injections last longer in transit.