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FedEx Team Members Are Preparing For A Record-breaking Day At FedEx Corp. On Monday, December 10, When 19 Million Packages Are Expected To Move Through The FedEx Networks On What Is Projected To Be The Busiest Day In Company History. (Photo: Business Wire)

Stocks in this article: FDX

FedEx team members are preparing for a record-breaking day at FedEx Corp. (NYSE: FDX) on Monday, December 10, when 19 million packages are expected to move through the FedEx networks on what is projected to be the busiest day in company history. The 300,000 FedEx team members and approximately 20,000 seasonal personnel will have their hands full on “Busiest Day,” supporting systems that will process more than 200 packages per second.

FedEx team members are preparing for a record-breaking day at FedEx Corp. on Monday, December 10, wh ...

FedEx team members are preparing for a record-breaking day at FedEx Corp. on Monday, December 10, when 19 million packages are expected to move through the FedEx networks on what is projected to be the busiest day in company history. (Photo: Business Wire)

“At FedEx, we have been preparing for this busy holiday shipping season for almost a year now,” said T. Michael Glenn, executive vice president of Market Development at FedEx. “The spirit and drive of our team members, backed by the efficiency of our networks, will help us deliver what we expect will be a record-breaking 280 million packages through our global networks between Thanksgiving and Christmas, up 13 percent from 2011.”

Majority of Volume Surge from Online Shipping

Increased e-commerce spending is directly contributing to record holiday FedEx volumes and a 10 percent year-over-year increase in volume from 2011. The majority of these shipments will enter the FedEx Ground and FedEx SmartPost networks. FedEx SmartPost works with online retailers and cataloguers—businesses that traditionally see increased sales during the holiday season—to ship high volumes of lighter shipments to residential customers.

In fact, online holiday sales are forecasted to climb 17 percent compared to last year, according to eMarketer. Monday, December 10, will also serve as “Green Monday,” a term coined by eBay to describe the best sales day in December and traditional kick-off to the heaviest online shopping week of the year. According to comScore, in 2011 U.S. consumers spent $1.1 billion on Green Monday alone.

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