United Parcel ServiceThe delivery company reported Tuesday’s 23% increase in quarterly profits. This was due to high ecommerce demand, which has enabled it to raise shipping costs and pick more lucrative customers.

UPS and its competitors FedExCovid-19 has shifted online shopping to the internet and ecommerce is delivering record numbers of packages.

They have both added profit-sheltering fees to compensate for the increased cost of home delivery, but now they are struggling to pay the steeply rising cost to retain reliable drivers.

UPS reported an operating profit of $2.9 billion for its third quarter, which is $2.65 per share. This compares to $2.36 billion or $2.24 per shares it had reported last year.

From 12.7%, the company raised its target for full-year adjusted operational margin to 13%.