Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

UPS, FedEx See Brighter Holidays


Shippers hopeful in wake of grim retail forecast.

In a sea of blue economic projections about holiday retail spending, there's one beacon of hope. The two big shipping companies are forecasting increases in their holiday deliveries.
Atlanta-based UPS Inc. (UPS) today projected it will deliver roughly 22 million small packages on its busiest day, which it pegs will be Dec. 21. That's about a 40% increase over a typical day's volume. Last year things were so bleak, UPS didn't even bother to make a best-day projection.

What's more, UPS expects to hire 50,000 seasonal workers to help with extra volume this holiday season, according to the Associated Press. For the entire holiday season from Thanksgiving to Christmas, it expects to deliver roughly 400 million packages worldwide.
Memphis-based FedEx Corp. (FDX) last week forecast a peak day of Dec. 14, when it expects to ship 13 million packages. This represents an 8% increase from the FedEx peak of 12 million last year.

Digital readers are expected to be a big holiday item with Amazon (AMZN) offering the Kindle and Barnes & Noble (BKS), unveiling its new competitor, the Nook.

If you're planning to send any gifts from RedEnvelope, Williams-Sonoma (WSM), or Neiman Marcus, Dec. 17 is the last day to guarantee delivery before Christmas through FedEx Ground.

Dec. 23 is the last day to ship by way of the FedEx Express service.

The National Retail Federation projects overall holiday retail sales will decline 1% this year to $437.6 billion.

Copyright 2009 Minyanville. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos