It looks like the holiday season is shaping up to become the busiest time ever for FedEx. FedEx Corporation has just said it expects to move as much as 317 million shipments between Black Friday and Christmas Eve.
The company has never moved this much packages before, not even during the past holiday season. And in fact, this figure represents an impressive 12.4 percent growth in year-over-year seasonal volume.
This year’s holiday season actually comes with one day more than it did last year. And FedEx is expecting some impressive volume spikes come Cyber Monday and the first two Mondays in December.
This is because e-commerce has been a very popular shopping preference lately, so much so that the company is expecting to more than double its average daily volume on these expected high volume days. Moreover, the National Retail Federation has said that e-commerce sales can go up by 6 to 8 percent to as much as $105 billion, growing faster than brick-and-mortar sales.
Meanwhile, sales in November and December are expected to go up by 3.7 percent, amounting to around $630 billion.
To get ready for the holiday season, FedEx Corp. CEO, Frederick W. Smith, has said that they have continued to make “strategic investments” to back the company’s network growth and capacity. In fact, the company has said it is investing $1.6 billion in FedEx Ground this fiscal year.
In addition, FedEx is also looking to hire over 55,000 positions throughout its network. These include package handlers, drivers as well as other support positions.
Meanwhile, FedEx also says that their FedEx Ground service is almost 27 percent faster than UPS Ground. Moreover, FedEx Ground shipments are actually delivered in three days or even less.