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

The questions for the most recent Semiannual Economic Forecast, which was released last week, included: 1-has the strength of the U.S. dollar had a negative, negligible or positive impact on their organization’s profits?; 2-has the net impact of the depressed prices of oil and related commodities been negative, negligible, or positive for their organization’s profits; and 3-how would they characterize the combined impact of their organization’s profits on the strength of the U.S. dollar and the depressed prices of oil and related commodities.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 5.8 percent on an annual basis in March to $90.5 billion.

Shippers sourcing their goods out the Port of Oakland’s largest marine terminal will soon need to make an appointment drayage providers before their cargo is released.

U.S. Carloads fell 10.6 percent at 244,290, and intermodal containers and trailers were off 6.5 percent at 262,693.

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

Article Topics

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

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA