From Reuters via MSN:
Package delivery company United Parcel Service Inc said on Sunday it expects to handle 22 million packages on its peak day ahead of the holidays this year, an increase of less than 5 percent from its forecast of 21 million in 2006.
UPS’ peak day is on December 19 this year.
Officials at the Atlanta-based company have predicted that package volume growth in this year’s peak holiday season will be “less robust” than in the previous four years, reflecting slowing U.S. economic growth, the housing sector slowdown and expectations for low fourth-quarter retail sales growth.
Main rival Memphis-based FedEx Corp has said it expects package volumes to reach 11.3 million on its peak day of December 17. Last year the company predicted a peak 9.8 million packages. A company spokesman said this year’s forecast includes a low-cost service that did not figure in last year’s prediction. A comparable forecast for this year would be 10.4 million, a gain of 6.1 percent.
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