Package-delivery companies staffed up as hiring across the broader U.S. economy collapsed
By Jennifer Smith Close Jennifer Smith May 8, 2020 2:53 pm ET Package-delivery companies added jobs last month as homebound consumers ramped up online purchases amid a crumbling U.S. employment market.
The hiring among parcel carriers comes as the pandemic accelerates the shift to e-commerce. United Parcel Service Inc. said home deliveries spiked nearly 70% by the end of March, with drivers making 15% more stops on their daily routes. Last month, online giant Amazon.com Inc. reported a 26% jump in quarterly sales as its world-wide shipping costs hit $10.9 billion, a 49% increase from the year-earlier period.
PREVIEWSUBSCRIBE Overall U.S. e-commerce sales rose 49% in April compared to a March 1 to March 11 baseline, according to Adobe Analytics.
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