UPDATE 1-FedEx sees 11 percent rise in holiday shipments

* Forecasts peak volume on Dec. 13

* Growth factored into existing EPS forecast

BOSTON, Nov 11 (BestGrowthStock) – FedEx Corp (FDX.N: ) expects the
volume of shipments during the U.S. holiday shopping season to
rise 11 percent, reflecting a modest forecast pickup in
consumer spending after a brutal downturn.

The No. 2 U.S. package-delivery company expects to handle
more than 223.3 million shipments between the U.S. Thanksgiving
holiday on Nov. 25 and Christmas a month later, with peak
activity hitting on Dec. 13, which it expects to stand as the
busiest day in the company’s history.

“We are optimistic about the volumes during the holiday
shipping season,” said Fred Smith, chief executive of the
Memphis, Tennessee-based company.

It expects the biggest growth to come at its FedEx
SmartPost venture, which ships packages to the U.S. Postal
Service, with quasi-governmental service handling final
delivery to the buyer’s doorstep.

Holiday package volume at FedEx and larger rival United
Parcel Service Inc (UPS.N: ) has been rising in recent years as
more Americans buy things online, whether from virtual
retailers like Amazon.com (AMZN.O: ) or traditional chains such
as Wal-Mart Stores Inc (WMT.N: ).

The company said it factored holiday growth into its
forecast for its fiscal year, which ends in May. In September,
FedEx forecast full-year earnings of $4.80 to $5.25 per share.
(Reporting by Scott Malone. Editing by Robert MacMillan)

UPDATE 1-FedEx sees 11 percent rise in holiday shipments