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Statistics-article-1 - Memphis-based FedEx says the busiest day in company history will be Dec 13 By Wayne Risher Originally published 12:11 p.m

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Memphis-based FedEx says the busiest day in company history will be Dec. 13 By Wayne Risher Originally published 12:11 p.m., November 11, 2010 Updated 06:59 p.m., November 22, 2010 FedEx expects to move 16 million packages on its busiest day ever, a holiday season peak projected for Dec. 13, the company announced Thursday. It's 1.8 million, or 12 percent, more than the standing record of 14.2 million packages sent last Dec. 14, taking advantage of a national trend toward more online shopping. Buyers won't see FedEx trucks delivering many of the extra packages, though, because more than half the growth is anticipated in FedEx SmartPost. SmartPost picks up, sorts and delivers packages directly to U.S. Postal Service facilities for final delivery to residences, enabling online retailers to offer discounted shipping. It will be at least the sixth straight year the holiday season has set a new record, FedEx officials said. The peak compares to an average daily package volume north of 8 million. The higher volume was built into guidance, issued in September, for second-quarter earnings of $1.15 to $1.35 a
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This note was uploaded on 03/27/2011 for the course FIN 3410 taught by Professor Jones during the Spring '09 term at U. Memphis.

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