Monday, October 27, 2014
FedEx predicts 8.8 percent increase in holiday shipments
FedEx Corp. predicts record shipments of more than 290 million packages between Black Friday and Christmas Eve, an 8.8 percent year-over-year increase, on an expected surge in e-commerce deliveries.
FedEx will move more than 20 million packages on each of the first two Mondays in December, and deliveries will peak at 22.6 million on Dec. 15, according to a statement today from the Memphis-based company.
Approximately 54 percent of the holiday shopping will be conducted online this year, the most since at least 2006, according to a National Retail Federation survey released last week. Up from 40 percent last year, that number includes browsing sessions where shoppers don’t make a purchase, NRF said.
For more of the Bloomberg story: www.bloomberg.com
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