UPS, FedEx Struggling to Keep Up With Holiday Volume

It's only halfway through December and UPS and FedEx are already having a hard time keeping up with the holiday season. Shipping volumes have blown past expectations, delaying the delivery of some of the millions of orders customers have placed online since Thanksgiving. The Consumerist reports UPS had been expecting to handle a record 700 million packages this holiday season, a 14 percent increase from last year, while FedEx predicted a 10 percent bump. To cope with the surge in package volume, UPS has relocated hundreds of employees from its headquarters and corporate offices to pitch in at hubs that are overwhelmed with record demand, The Wall Street Journal reports.