FedEx sees 11 percent rise in holiday shipments - Reuters
FedEx Corp expects the volume of shipments during the U.S. holiday shopping season to rise 11 percent, reflecting a modest forecast pickup in consumer spending after a brutal downturn.
The No. 2 U.S. package-delivery company expects to handle more than 223.3 million shipments between the U.S. Thanksgiving holiday on Nov. 25 and Christmas a month later, with peak activity hitting on Dec. 13, which it expects to stand as the busiest day in the company's history.
It expects the biggest growth to come at its FedEx SmartPost venture, which ships packages to the U.S. Postal Service, with quasi-governmental service handling final delivery to the buyer's doorstep.
FedEx Corp expects the volume of shipments during the U.S. holiday shopping season to rise 11 percent, reflecting a modest forecast pickup in consumer spending after a brutal downturn.
The No. 2 U.S. package-delivery company expects to handle more than 223.3 million shipments between the U.S. Thanksgiving holiday on Nov. 25 and Christmas a month later, with peak activity hitting on Dec. 13, which it expects to stand as the busiest day in the company's history.
It expects the biggest growth to come at its FedEx SmartPost venture, which ships packages to the U.S. Postal Service, with quasi-governmental service handling final delivery to the buyer's doorstep.
