FedEx’s busiest day gets more busy every year
FedEx Corp. has projected that Monday would be its busiest day ever for delivering packages worldwide. It was expecting to make almost 16 million shipments, up nearly 13% from last year’s busiest day.
But don’t get too excited about what this might mean for the U.S. and global economies. Memphis-based FedEx trots out this “busiest day” story every year, regardless of what is or isn’t happening in world commerce.
On Dec. 18, 2006 and Dec. 17, 2007, during the global economic boom, FedEx posted record days of 10.6 million and 11.5 million shipments, respectively. By Dec. 15, 2008, when the boom was about to go bust, FedEx’s busiest day reached 12 million shipments.
And Dec. 14 of last year, just a few months into the global recovery, when FedEx shipments jumped to 14.2 million. That was up 18% from the year before — more than twice the typical annual increase.
The company did little public head-scratching over the results, preferring to ring in the news with the opening bell of the New York Stock Exchange.
“FedEx has been preparing for the seasonal surge of packages for almost a year and we’ve leveraged our decades of logistical expertise to ensure FedEx has all the right assets in place to handle our busiest day in history,” T. Michael Glenn, executive vice president of market development at FedEx, said in a statement.
FedEx also said this would be its busiest week of the year, with more than 63 million shipments, up from 57.5 million last year.
Items such as books from large Internet retailers and retail inventory such as apparel, personal consumer electronics and luxury goods will drive FedEx holiday volumes, the company said.
