U.S. Postal Service Predicts Record Holiday — FedEx and UPS Will Shine - Yahoo
The U.S. Postal Service (USPS) expects to ship 15 billion pieces of mail and packages between Thanksgiving and New Year's Eve. USPS management claims this will be a record. The number represents a surge of 12% from last year. Although it will not be nearly enough to lift the USPS out of its dismal financial shape, it is a sign that shipping activity across the industry will be strong. That is particularly good news for United Parcel Service Inc. (UPS) and FedEx Corp. (FDX), which expect a good year, and the USPS forecast supports that.
The U.S. Postal Service (USPS) expects to ship 15 billion pieces of mail and packages between Thanksgiving and New Year's Eve. USPS management claims this will be a record. The number represents a surge of 12% from last year. Although it will not be nearly enough to lift the USPS out of its dismal financial shape, it is a sign that shipping activity across the industry will be strong. That is particularly good news for United Parcel Service Inc. (UPS) and FedEx Corp. (FDX), which expect a good year, and the USPS forecast supports that.
