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PROGNOSIS * USA - FedEx forecasts holiday freight boost; raises rates
A banner holiday shipping season is in the cards, according to FedEx Corp., which is also planning to increase rates for 2008
USA -Fleet Owner -Nov 1, 2007: -- ... The company expects to break its own volume records by moving 11.3-million packages through its FedEx Express and FedEx Ground networks on Dec. 17 this year. On an average day, FedEx typically moves 7-million packages... Frederick Smith, FedEx’s chairman, president & CEO, pointed to several market analyses to back up those predictions. One, from consulting firm TNS Retail Forward, said online sales are projected to approach $42 billion in the fourth quarter of 2007, an 18.5% increase over the last holiday season. The National Retail Federation said that overall holiday sales would continue to rise, although they are projected to be the slowest since 2002... Holiday spending is projected to increase 4% to $474.5 billion over last year...
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posted by Unknown @ 11:40 AM
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