E-commerce shipments to drive record FedEx holiday volume
FedEx expects to move more than 17m shipments – almost double its daily average volume – through its global networks on December 12, the projected busiest day in company history. The expected 10% year-over-year increase will be driven by FedEx SmartPost, a residential shipping service designed for online and catalogue retailers, as well as expected increased volume at FedEx Ground and FedEx Home Delivery.
Between Thanksgiving and Christmas, FedEx forecasts more than 260m shipments to move through its worldwide shipping networks. This is a 12% increase for the holiday season over last year when 232m shipments were processed.
"As e-commerce continues to grow and demand increases with more customers shopping and conducting their business online, FedEx SmartPost is poised to handle the increase in shipments," said Frederick W. Smith, chairman, president and CEO of FedEx Corp. "More than 290,000 FedEx team members also stand ready to deliver the holidays and enable commerce around the globe."
Retail inventory such as apparel, personal consumer electronics and luxury goods as well as books and other items from large, internet retailers will account for a large portion of FedEx holiday volumes.
The impact of the expected higher volumes was included in the company’s earnings guidance issued in September.
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