FedEx Expects a Big Cyber Monday

(Los Angeles Times/MCT) -

FedEx Corp. said that it expects the busiest Cyber Monday shipping week in its history this year, as more consumers turn to shopping online for the yearly shopping season.

The company said it expects to move more than 22 million shipments on Cyber Monday, which falls on Dec. 2. That's an 11 percent increase over last year's Cyber Monday, the marketing term for the Monday after Thanksgiving, when online retailers offer holiday shoppers steep discounts.

FedEx also projects it will handle more than 85 million shipments Dec. 1 to 7, its busiest week of the year. That's up 13 percent from the same period last year.

The Memphis, Tenn., shipper has seen its holiday business steadily increase since 2007 as more consumers shop online.

On its busiest day in 2007, FedEx moved 11.5 million packages. That figure jumped to 19.9 million on its busiest day in 2012.

The National Retail Federation projects holiday sales to grow 3.9 percent this year, to $602 billion. Online holiday sales are expected to increase to $61.8 billion, a 15.1 percent rise from a year ago, according to EMarketer, a market research firm.

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