UPS braces for record number of returns

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UPS is bracing itself for a record number of returns after a record number of gifts were bough online this year.

In this July 21, 2011 photo, the image of a parked car is reflected on the side of a United Parcel Service truck in Little Rock, Ark. UPS said Tuesday, July 26, it still expects to grow earnings this year despite an "uneven economic environment." It's keeping its forecast for the year after reporting second-quarter earnings rose 26 percent.(AP Photo/Danny Johnston)

UPS predicts a record 1.4 million packages will be shipped on January 3rd, which is also known as "National Returns Day" among UPS employees.

That would be up nearly 10% from January 3rd of this year.