UPS Shipping Costs Could Increase During Holidays

The United Parcel Service is considering increasing the prices of last-minute holiday packages this year after last year's surge in online orders caused roughly two million packages to be late for Christmas.

"If it [a late surge] creates challenges and adds costs we would charge a premium," Chief Financial Officer Kurt Kuehn explains to Reuters. "If it puts our service at risk, we would have to deny [the business]."

UPS is already preparing its business for the high demand during the holiday season.

In recent months UPS invested $500 million for infrastructure upgrades, hired over 90,000 seasonal employees according to a press release.

This seasonal hiring surge is bringing in roughly 45,000 more temporary employees than last year.