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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
A FedEx Corp. delivery van in New York.
A FedEx Corp. delivery van in New York.

Photographer: SOPA Images/LightRocket/Getty Images

Updated on

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.