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

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

The long-simmering court battle over whether FedEx Ground’s workers are independent contractors or employees appears headed to the appellate courts—and maybe the U.S. Supreme Court.

Carload volume headed up 4.3 percent to 298,376, and intermodal units, at 273,376 containers and trailers were up 4.8 percent annually.

In light on various service-related freight railroad service issues, the Department of Transportation’s Surface Transportation Board (STB) recently announced it is now requiring Class I railroads to publicly file weekly data reports on service performance. These weekly reports are slated to begin on October 22.

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