Last year, United Parcel Service, Inc. (NYSE:UPS) was unable to deliver hundreds of shipments during the holiday season, which caused a lot of embarrassment for the logistics service. In order to tackle the surge and rush of deliveries in the holiday season this year, United Parcel Service, Inc. (NYSE:UPS) is hiring around 95,000 new seasonal employees, Bloomberg reported. The company said that many of the upcoming orders will be from its e-commerce purchases. Last year, 60% of all the deliveries were made from e-commerce orders.
According to United Parcel Service, Inc. (NYSE:UPS,) package deliveries for the holiday season will start from October and expected to continue till January next year. United Parcel Service, Inc. (NYSE:UPS) suffered hundreds of undelivered pileups of packages at its sorting facility near Louisville International Airport in Kentucky last year. The problem was increased because of a large number of orders from Amazon.com, Inc. (NASDAQ:AMZN). The company announced a seasonal hiring of around 55,000 employees.
The company is reported to be taking big steps to revamp its distribution and coordination. UPS has claimed that it is refining its schedule planning, network utilization and keeping a keen eye on industry wide order forecasts. The company is also communicating with its biggest customers to channelize the orders well before time. United Parcel Service, Inc. (NYSE:UPS) will also install numerous mobile sorting centers, delivery centers, trailers, aircrafts, and other delivery related equipment in its network.
United Parcel Service, Inc. (NYSE:UPS) has also adapted some changes in its shifts and working hours to meet the drastically increasing business needs and targets.
Jim Simons‘s Renaissance Technologies is one of the shareholders of United Parcel Service, Inc. (NYSE:UPS), having approximately 2.4 million shares of the company.
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