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FedEx on the Road to Delivering its Busiest Day in Company History
The busiest day in company history is underway for the 285,000 team members of FedEx Corp. (NYSE: FDX), as drivers hit the road to pick-up almost 16 million shipments around the world.
This volume represents an increase of nearly 13 percent from last year’s busiest day and is double the volume handled on an average day in the FedEx network. FedEx expects to move more than 223 million shipments in its global networks between Thanksgiving and Christmas—a year-over-year increase of 11 percent.
To celebrate this milestone, FedEx front line team members will ring the New York Stock Exchange (NYSE) Opening Bell today. The team members will represent FedEx Ground, FedEx Express, FedEx Freight and FedEx Custom Critical.
“The holiday delivery season is an exciting time FedEx team members around the world—from the drivers and couriers who deliver each box, to the route planners and on-staff meteorologists who help ensure we maintain our excellent customer service levels,” said T. Michael Glenn, executive vice president of Market Development at FedEx. “FedEx has been preparing for the seasonal surge of packages for almost a year and we’ve leveraged our decades of logistical expertise to ensure FedEx has all the right assets in place to handle our busiest day in history.”
More than half of the holiday season volume increase will be from FedEx SmartPost shipments. FedEx SmartPost volume is largely driven by online retailers and cataloguers who ship high volumes of lighter shipments to residential customers. FedEx SmartPost has a completely integrated national network that picks up, sorts and delivers packages directly to U.S. Postal service facilities for final delivery to residences.
During the week of December 13, also the busiest week of the year for FedEx, the company expects to move more than 63 million shipments compared to last year’s busiest week of 57.5 million shipments. Items such as books from large internet retailers and retail inventory such as apparel, personal consumer electronics and luxury goods will drive FedEx holiday volumes.
For more information on the holiday activity at FedEx this year—including related news, fact sheets, shipping tips, photos, video and FAQs—visit http://news.fedex.com/holiday2010.
http://ih.advfn.com/p.php?pid=nmona&article=45625008
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Fedex Corp
942 South Shady Grove Road
Memphis, TN 38120
Tel: +1 901 818-7500
Fax: +1 901 395-2000
Fedex Corporation: The Group's principal activities are to provide transportation, e-commerce and supply chain management services. It Operates in five segments: FedEx Express,FedEx Home, FedEx Ground, FedEx Freight, and FedEx Office (formerly Kinko's). The services offered by the Group include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management, customs brokerage, trade facilitation and electronic commerce solutions. The Group offers various international packages and document delivery services to 220 countries, as well as international freight services and also offers commercial and military charter services. The Group also provides document solutions and business services, including copying and printing services, signs and graphics, videoconferencing, high-speed wireless and wired Internet access and computer usage. The Group acquired FedEx Kinko's on 12-Feb-2004 and FedEx SmartPost on 12-Sep-2004.
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