United Parcel Service Inc. said Monday that it is extending ground service to Saturday in order to get e-commerce packages delivered one business day earlier than before. Packages previously delivered on Monday will now arrive on Saturday. And ground pickups on Saturday will allow for Monday delivery. The service change is taking place without an increased investment in vehicles or buildings, but the company is adding more than 6,000 new jobs by the end of 2018. The service extension had been tested in Atlanta, Philadelphia and Los Angeles in 2016. Service will be expanded in these cities in April and further expansion is taking place in 15 metro areas including New York, Chicago and Boston. The company expects nearly 4,700 cities and towns will have the service by November, in time for the holidays. More than 5,800 cities and towns will have it by next year. UPS shares are up 0.2% in premarket trading, and up 2.2% for the past year. The S&P 500 index is up 14% for the past year.
Continue Reading Below
Copyright © 2017 MarketWatch, Inc.