UPS expects to handle a record 1.4m returns in a single day
Washington
THE holidays are over, which means it's time for the annual rush of returns. But instead of flocking to stores, unwanted merchandise in hand, shoppers are increasingly mailing back their ill-fitting sweaters, creating new issues for shipping companies and retailers.
United Parcel Service (UPS), FedEx and others are bracing for what they expect to be a week of record-setting returns as Americans head back to work - and drop off their boxed-up returns on the way.
TRENDING NOW
Analysts raise DBS targets to as high as S$81 after record Q2 net profit
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Malaysia’s Tabung Haji reckoning: The billions lost, the rescue and what comes next