Tuesday, October 25, 2011

Re: Black Friday FedEx Expects Holiday Shipments to Rise 12%

FedEx Corp.'s forecast for record holiday shipping this year shows that U.S. customers are buying more things online, according to the Wall St Journal. But retailers still anticipate a soft holiday season, with the growth in shipping volume largely expected to come from shoppers scouring the Web for cheap deals.

FedEx said Monday it expects to handle about 260 million shipments between Thanksgiving and Christmas, or 12% more than last year. The Memphis, Tenn., company attributed the bulk of its anticipated rise in volume to inexpensive, e-commerce shipments through its SmartPost residential service, in which postal carriers make final deliveries and packages are mostly lightweight…

Find out more at http://online.wsj.com/article/SB10001424052970204644504576650920816992648.html?mod=WSJ_business_whatsNews

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