FedEx to add 20,000 seasonal workers, sees shipping up 13 percent
| Reuters
"Delivery volumes for FedEx's busiest day of the year have
consistently grown, and will be nearly double the 9.8 million shipments
it handled in 2005.
U.S. retail sales are expected to rise 4.1 percent this holiday
season, though a slower pace than in prior years, according to the
National Retail Federation.
Online holiday sales, excluding travel, are expected to increase 16.8
percent from last year to as much as $54.5 billion, FedEx said, citing
eMarketer data.
"We always see a significant push for last-minute orders, and a lot
of it has to do with procrastination, which for FedEx is a good thing
during the holiday season," Glenn said in an interview.
Global economic weakening and concerns about expiring tax cuts in the
United States could keep many consumers on the hunt for discounts and
waiting until the last minute to order holiday gifts.
Retailers are keeping inventory fairly lean, so a jump in orders
beyond expectations could boost demand for the quick deliveries that
FedEx and United Parcel Service provide."
Is the NRF like NAR? Or less biased?
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