Subscribe to our free, weekly email newsletter!


FedEx anticipates record holiday volumes

By Staff
October 25, 2011

December 12 looks to be a pretty busy day for FedEx. The transportation bellwether said this week it expects to move more than 17 million shipments through its global networks on that day.

If this type of activity occurs, it would represent roughly a ten percent gain over December 13, 2010, when the company moved 15.6 million shipments and it would mark the single busiest day in the company’s history since it began tracking this data in 2005.

Company officials said this gain will be driven by FedEx Smart Post, its “last mile” delivery service partnership with the United States Postal Service, which is primarily spurred by e-commerce, and expected volume increases for FedEx Ground and FedEx Home Delivery.

They added that between Thanksgiving and Christmas, the company is forecasting more than 260 million shipments to be moved through its global shipping networks, a 12 percent annual increase over last year, which hit roughly 232 million shipments.

“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., in a statement. “More than 290,000 FedEx team members also stand ready to deliver the holidays and enable commerce around the globe.”

Company officials also cited recent data from the National Retail Federation (NRF) which noted that holiday sales are expected to increase 2.8 percent during November and December to $465.6 billion, marking a higher increase than the 2.6 average over the last ten years.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Panjiva, an online search engine with detailed information on global suppliers and manufacturers, recently said it is opening up the “vault,” so to speak. The vault in this case is making its copious amount of trade data accessible through an Application Programming Interface (API), which enables customers to extract Panjiva’s trade data into their own database.

Freight transportation and logistics services provider Averitt Express recently announced it has rolled out improved transit times for less-than-truckload (LTL) service from the Midwest to Toronto and other cities.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

Anne Ferro, a ferocious advocate for greater truck safety and a constant thorn to truck drivers and some unsafe trucking fleets, says she is leaving as administrator of the Federal Motor Carrier Safety Administration. No successor has been immediately named.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

Article Topics

News · FedEx · Retail · Retail Sales · Parcel · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA