FedEx to add 20,000 seasonal workers, sees shipping up 13 pct
An ongoing increase in e-commerce and last-minute orders amid a slow-growing economy will mean more deliveries for companies like FedEx that can handle fast shipments.
FedEx, which is closely watched as an indicator of consumer demand and economic health, anticipates handling more than 280 million shipments during the holiday season between Thanksgiving and Christmas.
The company said the impact of an increase in holiday shipments was included in its fiscal 2013 earnings outlook.
For the second time this year, FedEx cut its forecast for global growth in 2013, citing slower growth in China, recession in some European economies and high energy prices.
FedEx can add the same number of seasonal workers as last year because it has been hiring staff throughout 2012, especially at the Ground and SmartPost divisions that will handle the bulk of the holiday volume, said T. Michael Glenn, executive vice president of market development and corporate communications.
Dec. 10 is expected to be its busiest day ever with some 19 million shipments - a 10 percent increase from last year.
E-commerce will drive the shipping volume on so-called Green Monday, which falls on the second Monday of December and kicks off the heaviest online shipping week of the year.
As more shoppers buy their holiday gifts on the Internet or via mobile phone, it means higher shipping volume for FedEx and United
Be the first to comment.