Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

FedEx forecasts another year of record holiday deliveries with Monday its busiest day of season

by
December 6, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

FedEx forecasts Monday will be its busiest day of the 2021 holiday season.

“We’ve seen a lot of people actually starting their Christmas shopping in the month of October, which is fundamentally different than we have seen traditionally in the past,” Ryan Kelly, vice president of global e-commerce at FedEx told CNBC. “What you see is a lot of messaging about shop and ship early, pulling sales forward, pulling promotions forward. A lot of retailers have really leaned into that this year.”

RELATED POSTS

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market

In October, FedEx delivered approximately 96% of packages on time compared with 99% for UPS and 99% for the U.S. Postal Service, according to data from ShipMatrix. On-time delivery above 95% is considered a sign of an efficient network, especially with 70% of e-commerce being delivered to homes, which is generally more time-consuming and less profitable than business delivery.

FedEx estimates it will deliver 100 million more packages this year than it did from Black Friday to Christmas in pre-pandemic 2019 and 10% more than the record 2020 season during Covid.

Kelly said the growing “ship from store” trend being used by many leading retailers including Target and Walmart has reduced strain on shipping networks. “Some of the best retailers out there are really leaning into their retail stores. They have deployed inventory in those stores, it improves transit and lowers cost if a retailer leverages that localized inventory.”

“This season looks pretty good compared to last year. The increased number of people shopping in-store, shopping early has reduced the demand” for delivery all at once, Satish Jindel, CEO of ShipMatrix told CNBC

According to ShipMatrix data, overall e-commerce will increase 13% from the record 2020 holiday season to 3.4 billion packages shipped. However, the daily number of delayed e-commerce shipments or packages exceeding the available capacity on all shipping networks will fall 82% from 7.3 million packages in 2020 to 1.3 million package this year.

“This season, the carriers have added capacity. That helps them manage costs, that helps them manage margins.” Jindel said.

It remains unclear how the Covid omicron variant will impact the holiday shopping and shipping season.

In-store shopping increased by nearly 48% on Black Friday from 2020 as toys and consumer electronics were the top sellers, according retail tracker Coresight Research, citing Sensormatic data. However, omicron has the potential to reverse this year’s trend, Coresight founder and CEO Deborah Weinswig said, as stores fight to get back to pre-pandemic levels in 2019.

“The recent spike in Covid-19 cases along with the first case of omicron in the U.S. [announced on Dec. 1, 2021] could impact store visits and drive consumers back online. We expect BOPIS [buy online, pick up in store] to grow in popularity through the remainder of the holiday shopping season and beyond, as consumers value convenience,” Weinswig said.

From Thanksgiving Day through Cyber Monday, Adobe Analytics said consumers spent nearly $34 billion online, down 1.4% from 2020. However, the slowdown was more a result of earlier deals than shoppers pulling in their purse strings.

— Certain stocks, besides delivery giants FedEx and UPS, stand to benefit more than others from this year’s e-commerce boom. CNBC Pro looks at some of the names that Wall Street analysts are recommending.

ShareTweetPin

Related Posts

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

by
June 29, 2022
0

Rising interest rates and a troublesome macroenvironment mean it's time to sell Upstart , Morgan Stanley says. Analyst James Faucette...

Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market

by
June 29, 2022
0

In this article ETH.CM= BTC.CM= Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company...

Bed Bath & Beyond announces CEO is leaving, as it sharply misses quarterly expectations

by
June 29, 2022
0

In this article BBBY A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan...

S&P 500 futures are little changed as Wall Street tries to regain its footing

by
June 29, 2022
0

Stock futures fell slightly Wednesday, a day after the major averages made a failed attempt at a bounce. Futures tied...

Here’s how much your Social Security check is likely to go up next year

by
June 29, 2022
0

Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely...

Next Post

Dow jumps 650 points as Monday rally accelerates, investors look past omicron threat

Trump SPAC under investigation by federal regulators, including SEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net