FedEx Expects to Hire 20,000 Holiday Workers

FedEx Corp. (NYSE:FDX) is making a bullish bet on the upcoming holiday season.  It announced that it intends to hire up to 20,000 seasonal workers, an 18% increase from the year ago period.

While seasonal workers won’t ameliorate the nation’s unemployment problem, the forecast is nontheless a bullish one for the economy, as it suggests that FedEx expects demand for packages to be high this holiday season.

Competitor United Parcel Service, Inc. (NYSE:UPS) is expected to announce its seasonal hiring plans early next month.

Following is some information about these companies’ stock price performance.

  • FedEx Corp. (NYSE:FDX): The shares recently traded at $82, up $2.66, or 3.35%, on the day.  The shares have traded in a 52-week range of $64.07 to $98.6 and its market capitalization is $26.01 billion.  About the company: FedEx Corp. delivers packages and freight to multiple countries and territories through an integrated global network.  The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.
  • United Parcel Service, Inc. (NYSE:UPS): The shares recently traded at $71.31, up $1.25, or 1.78%, on the day.  The shares have traded in a 52-week range of $60.74 to $77 and its market capitalization is $69.94 billion.  About the company: United Parcel Service, Inc. delivers packages and documents throughout the United States and in other countries and territories.  The Company also provides global supply chain services and less-than-truckload transportation, primarily in the US.  UPS’s business consists of an integrated air and ground pick-up and delivery network.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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