Jknoxville daily sun
knoxville daily sun menu knoxville news business knoxville real estate knoxville sports knoxville jobs travel knoxville automotive knoxville lifestyle knoxville entertainment shopping religion knoxville obituaries money email alerts knoxville daily sun knoxville weather education opinion tickets yellow pages smoky mountains daily sun facebook twitter rss reed linkedin.com knoxville health home and garden knoxville knoxville news

More Than 223 Million Shipments to Move Through FedEx Networks During the Holidays

fedex christmasFedEx Corp. (NYSE: FDX) expects to see its busiest day in company history when it moves almost 16 million shipments around the world on December 13. This is a more than 12 percent increase from last year's busiest day when the company handled 14.2 million shipments.

For the overall holiday season, FedEx is expecting a total volume increase of approximately 11 percent compared to 2009. FedEx forecasts more than 223.3 million shipments will move through its global networks between Thanksgiving and Christmas.

More than half of the holiday season volume increase will be from FedEx SmartPost shipments. FedEx SmartPost volume is largely driven by online retailers and cataloguers who ship high volumes of lighter shipments to residential customers. FedEx SmartPost has a completely integrated national network that picks up, sorts and delivers packages directly to U.S. Postal Service facilities for final delivery to residences. The affordable rate structure allows retailers to offer discounted shipping to customers during the holidays and beyond.

During the week of December 13, also the busiest week of the year for FedEx, the company expects to move more than 63.1 million shipments compared to last year's busiest week of 57.5 million shipments. Items such as books from large internet retailers and retail inventory such as apparel, personal consumer electronics and luxury goods will drive FedEx holiday volumes.

"Once again, the FedEx work force of more than 285,000 team members will make the holidays happen for millions of FedEx customers across the globe," said Frederick W. Smith, chairman, president and CEO of FedEx Corp. "We are optimistic about the volumes during the holiday shipping season and expect growth to be driven mainly by FedEx SmartPost with U.S. domestic ground packages and global air express shipments contributing to volumes as well."

On average, more than 8 million packages move through the FedEx systems daily.

Published December 2, 2010

Share |




     
© 2010 by Image Builders. All rights reserved, including content, concept, copy, images, and design.
knoxville daily sun menu