Package Volumes Projected to Spike on December 12 as FedEx Hits its Busiest Day in History
MEMPHIS, Tenn., Dec. 9, 2011 – FedEx Corp. (NYSE: FDX) facilities and team members will be buzzing on Monday, December 12, as the company reaches what is projected to be its busiest day in a nearly 40-year history. Company forecasters expect FedEx will move approximately 17 million shipments – almost double its daily average volume – through its global networks on that day.
To handle the surge, FedEx has added 20,000 seasonal positions at FedEx Ground, FedEx Home Delivery and FedEx SmartPost and is offering additional shifts to current team members working at facilities around the country.
“There’s an extraordinary amount of technology and precision that is in place at FedEx to ensure packages get to their destinations before Christmas,” said John Dunavant, vice president of the FedEx Express World Hub in Memphis, Tennessee. “At the Memphis hub alone we will see up to three million packages speed down 42 miles of conveyor belts on our busiest December day, each one scanned an average of 23 times to ensure we know where our customers’ shipments are at any given time. And as busy as we are in Memphis, FedEx hubs and stations around the world are feeling the holiday surge as well.”
FedEx, known for the ability of its network to adapt with changing customer needs and global trends, puts that flexibility to the test every holiday season as shipping volumes continue to grow. In fact, as the network grew to meet customer demands, the company’s “busiest day” volumes and network capacity has jumped nearly 75 percent since Christmas 2005.
· Dec. 12, 2005 – 9.8 million shipments
· Dec. 18, 2006 – 10.6 million shipments
· Dec. 17, 2007 – 11.5 million shipments
· Dec. 15, 2008 – 12.0 million shipments
· Dec. 14, 2009 – 14.2 million shipments
· Dec. 13, 2010 – 15.6 million shipments
Between Thanksgiving and Christmas Day, FedEx forecasts a year-over-year increase largely driven by FedEx SmartPost, a residential shipping service designed for online and catalog retailers, as well as expected increased volume at FedEx Ground and FedEx Home Delivery, popular delivery service choices for personal shippers.
The impact of the expected higher volumes was included in the company’s earnings guidance issued in September.
Note to Editors:
FedEx understands that the “behind the scenes” look at its operations provides an unusual perspective on the holiday season. From December 12 through December 23 – the last day to ship before Christmas – FedEx will work with media across the U.S. to provide access to select facilities and insight into how our people and technology come together to make the holidays happen. For more information on these opportunities and other multimedia content available, contact FedEx at 1-901-434-8100. Additional information, including related news, fact sheets, shipping tips, photos, video and FAQs, is available at http://news.fedex.com/holiday2011.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $40 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 290,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com
Certain statements in this press release may be considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to future events and financial performance. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated (expressed or implied) by such forward-looking statements, because of, among other things, economic conditions in the global markets in which we operate, the impact of any international conflicts or terrorist activities, disruptions to the Internet or our technology infrastructure, the impact of changes in fuel prices and foreign currency exchange rates and adverse weather conditions or natural disasters, as well as the other risks and uncertainties you can find in FedEx’s and its subsidiaries’ press releases and SEC filings, including the risk factors in FedEx’s most recent annual report on Form 10-K, as updated by FedEx’s quarterly reports on Form 10-Q.
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