FedEx, UPS See Delivery Van Shortage Amid E-Commerce Rush
- Rental costs add up as expenses climb during pandemic
- If there’s a vehicle, ‘we’re trying to buy it,’ supplier says
Photographer: SOPA Images/LightRocket/Getty Images
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FedEx Corp. and United Parcel Service Inc. are running into a shortage of delivery vans during a record surge in package volumes.
Urged by the couriers to purchase any vans they can scrounge up, leasing companies are dipping into the used market. Added demand “is creating shortages” in the rental market, UPS in an email while emphasizing that the company’s own operations haven’t been hurt. FedEx is paying a stipend to its contractors to offset the extra cost of renting.