FedEx Boosts Holiday Hiring 10% to 55,000 on Package Surgeby
Volumes seen rising 12% from Black Monday to Christmas Eve
Online purchases, extra shopping day contribute to gain
FedEx Corp. will boost holiday-season hiring about 10 percent to 55,000 workers to cope with its biggest projected increase in shipping in three years.
Package volumes probably will surge 12 percent to 317 million from the day after Thanksgiving, known as Black Friday, through Christmas Eve, FedEx said Monday. Online purchases and an extra day to the 2015 season will drive the gain, FedEx said.
FedEx’s outlook outstrips the National Retail Federation’s prediction for expansion in U.S. holiday-season spending. The group expects consumer purchases to rise 3.7 percent to $630.5 billion in November and December.
Forecasting has become more difficult because of the growth of online orders sometimes made just before Christmas. A jump in last-minute online shopping and severe winter weather snarled some shipments at FedEx and United Parcel Service Inc. during the 2013 holidays. UPS will hire as many as 95,000 workers, about the same number as last year.
Volume spikes this year are expected on three Mondays -- the one after Thanksgiving, known as Cyber Monday, and the first two in December, FedEx said.
FedEx will expand sorting operations in its ground delivery network to seven days a week during the peak shipping season, and will extend work at its FedEx Express airline hubs as needed, the company said.