U.S. Markets closed

FedEx sees Cyber Monday shipments up 11% to over 22M

FedEx announced it expects to see its busiest day in company history when it moves more than 22M shipments around the world on Cyber Monday, December 2. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks. FedEx During the busiest week of the year, December 1 – 7, FedEx expects more than 85M shipments to move through its global networks. This is a 13% increase compared to last year’s busiest week. In addition to e-commerce, retail inventory such as personal consumer electronics, apparel and luxury goods will drive this increase in FedEx holiday volumes, the company forecasts.