About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “UPS Already Overloaded by Holiday Delivery Demand” – below is their description.
United Parcel Service Inc. told its drivers to stop picking up packages this week from certain retailers who had exceeded their volume agreements as the logistics company works to keep its network from being overwhelmed, the Wall Street Journal reported on Wednesday.
A UPS spokesman told the Journal that the company will pick up surplus packages once more capacity becomes available.
This may mean that orders of Nike Inc. shoes, L.L. Bean Inc. coats and Macy’s Inc. sweaters placed over the Black Friday period will show up a few days later than expected.
In normal times, such pileups would be a catastrophe for logistics companies, which have faced immense pressure to keep up with retailers’ increasingly aggressive promises on fast delivery. But there’s nothing normal about 2020.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Black Friday
Black Friday is an informal name for the Friday following Thanksgiving Day in the United States, which is celebrated on the fourth Thursday of November. The day after Thanksgiving has been regarded as the beginning of the United States Christmas shopping season since 1952.