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FedEx Forecasts Record Volume This Holiday Season

[ November 3, 2015   //   ]

FedEx Corp. predicts it will move a record-breaking 317 million shipments between Black Friday and Christmas Eve. This forecast marks a 12.4% increase in year-over-year seasonal volume.
The season, which includes one more day than last year, is expected to be bolstered by three volume spikes, including Cyber Monday 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.”
The National Retail Federation expects sales in November and December to grow 3.7% 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% to as much as $105 billion.

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