- 15 July 2020
- Transport / Logistics Services
For the full year 2019 the global postal industry saw a 4.2% growth – down from 5% in 2018 – according to the International Post Corporation (IPC).
Non-mail services are a growing source of revenue across the industry as posts diversify to offset the decline in letter mail volumes.
Holger Winklbauer, CEO of IPC said: “Postal industry revenue is showing solid growth, notwithstanding ongoing traditional mail decline and many other market challenges. Many of the posts analysed reported year-on-year growth, mainly driven by e-commerce. Posts continue to work on increasing network capacity and efficiency in order to respond to higher parcel volumes, both domestically and internationally.”
Winklbauer continued: “Posts have also intensified their diversification efforts and new service offerings alongside traditional mail the share of non-mail services continued to increase in 2019. While parcels remained a key revenue driver, many posts reporting logistics and financial services revenue saw growth in these areas.”
The results presented are preliminary. However complete results for 2019 and the first half of 2020 are to be presented in the IPC Global Postal Industry Report to be published in November.