FedEx Expects Busiest Shipping Day Ever

by Christopher Freeburn | December 10, 2012 12:21 pm

fedex truck 630 300x207 FedEx Expects Busiest Shipping Day Ever[1]With Christmas looming, FedEx (NYSE:FDX[2]) predicts that it will handle the most packages of the year on Monday[3].

The shipping giant says that it anticipates processing and transporting 19 million packages today, a 10% rise over the same day in 2011, USA TODAY notes.

Dubbed “Green Monday,” the second Monday is December is the day when online purchases made on Cyber Monday enter the shipping chain for delivery to recipients. It is also the day when many procrastinating gift givers turn to shippers like FedEx and UPS (NYSE:UPS[4]) to send gifts in hope of pre-Christmas arrival.

Last year, U.S. consumers spent $1.1 billion on Green Monday.

With competition rising among retailers, free shipping options are being offered later and later into the season. This year, 1,000 retailers will offer free shipping for online purchases made on December 17.

The rising popularity of online shopping and the free shipping option is expected to boost the number of packages delivered by FedEx between Thanksgiving and Christmas to 280 million, a 13% increase over last year.

Shares of FedEx and UPS both rose about 1% in Monday midday trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/02/fedex-truck-630.jpg
  2. FDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=FDX
  3. handle the most packages of the year on Monday: http://www.usatoday.com/story/money/personalfinance/2012/12/10/green-monday-holiday-shipping/1758275/
  4. UPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=UPS

Source URL: http://investorplace.com/2012/12/fedex-expects-busiest-shipping-day-ever/
Short URL: http://invstplc.com/1ftsCsR