Member Article

FedEx Forecasts Record Volume This Holiday Season

FedEx Corp. (NYSE: FDX) predicts it will move a record-breaking 317 million shipments globally between Black Friday (November 27) and Christmas Eve (December 24). This forecast marks a 12.4 percent increase in year-over-year seasonal volume.

The season is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two Mondays in December, in which the company expects to move more than double its average daily volume. Peak projections are included in FedEx earnings guidance for FY16.

“FedEx expects to see a record number of shipments move through our global network between Black Friday and Christmas Eve,” said Frederick W. Smith, CEO of FedEx Corp. “The shift in consumer shopping patterns, fueled by the rise of e-commerce, continues to drive our volume. Our strategic investments, unmatched flexible global network, and more than 325,000 dedicated team members around the world are ready to help the holidays arrive again this year.”

The National Retail Federation expects sales in November and December to grow 3.7 percent to $630.5 billion. The NRF also predicts e-commerce sales will continue to grow at a faster rate than brick-and-mortar sales, rising between 6 and 8 percent to as much as $105 billion.

This was posted in Bdaily's Members' News section by FedEx Express and FedEx UK .