St. Nicolas is the latest high-profile figure to adopt the last-mile solution. The partnership—whose details have not been disclosed– is the latest in a series of acquisitions aimed at streamlining the global operation.
In 2013 alone, an estimated 2 million packages went undelivered by UPS and FedEx. What should have been their best month of the year turned into an unmitigated disaster. While UPS and FedEx have taken steps to ensure that this holiday fiasco never happens again, their shortcomings required them to lower their profit forecast for the following year.