The stock of FedEx climbed 2% on Monday after the firm forecasted a strong holiday season.

According to a company representative, Monday will be the busiest day of the 2021 holiday season.

"We've seen a lot of people actually starting their Christmas shopping in the month of October," Ryan Kelly, FedEx's vice president of worldwide e-commerce, told CNBC.

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FedEx expects to send 100 million more parcels this season than it did from Black Friday to Christmas in pre-Covid 2019, and 10% more than the pandemic-driven record 2020 season, according to the business news channel.

According to Kelly, the "ship from store" trend, which has been adopted by numerous retailers such as Target and Walmart, has reduced the load on shipping networks.

FedEx had already stated that during the holiday season, it will hike its shipping rates. The company's first-quarter revenue was $19.3 billion, down roughly 12% from a year ago, due to supply chain difficulties and a labor shortage.

In September, the business cut its prediction, estimating current-year EPS at roughly $18.87 at the midpoint of its guidance range, down from $19.40 before.