FedEx: More online shopping, more boxes
FedEx Corp. said it expects an uptick in business because of increased online shopping this holiday season.
The carrier cited a projection from Forrester Research of an 8 percent increase in online holiday sales compared with 2008, sending expectations for online spending to $44.7 billion.
The carrier said that would translate into more boxes for its global network. It expects Dec. 14 will be its busiest day, when it will handle 13 million shipments, up from 12 million packages on last year's busiest day, Dec. 15, 2008. On average, more than 7.5 million packages move through the FedEx systems daily.