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Holiday Shipments Seen at Risk in U.S. Port Labor Strife

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Protracted labor talks at the busiest U.S. container ports are leading to delayed deliveries to some retailers, and may result in a lot of gift cards under Christmas trees in place of absent presents, FedEx Corp. said.

The backlog has already caused FedEx to shift resources and limit shipments from some customers to avoid a last-minute pre-Christmas surge, the company said. FedEx expects to deliver a record 290 million packages during the peak holiday season.