News Summary: FedEx sees 280M holiday shipments

News Summary: FedEx expects record holiday shipments again as shoppers buy more gifts online

Associated Press

INTERNET SENSATION: FedEx, world's second-largest package delivery company, expects to handle 280 million shipments between Thanksgiving and Christmas, up 13 percent from last year. That's due mostly to the continuing shift toward more online holiday purchases.

BUSIEST DAY: On FedEx's busiest day this year, projected to be Dec. 10, it forecasts 19 million packages will move through its network, up 10 percent from 2011.

NOT ALL ROSY: The forecast, released Monday, comes against a background of lackluster growth in the global economy. FedEx has warned the economy is stalling and expects conditions to get worse next year.


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