United Parcel Service Inc (NYSE:UPS) is an apparent casualty of Cyber Monday hysteria, with the parcel delivery group warning that it is over encumbered with orders.
UPS, after hours on Tuesday, said a portion of its deliveries have been delayed due to the surge in orders.
"As a result of unprecedented shipping volumes in certain markets during cyber week, UPS has added one- or two-day time-in-transit on some deliveries," the company said.
It added that it expects to see volumes increase by 40mln more packages, about 5%, from last year with a total of 712mln packages for the holiday season.