Pitney Bowes releases US parcel carrier index

Global e-commerce and mailing solutions provider Pitney Bowes has released its US Parcel Shipping Index research for 2020.

The research reveals that parcel volumes in the US grew 37% from 2019, hitting a total volume of 20 billion units. Between all carriers, their combined revenue hit $171 billion, of which UPS took a significant share at $60 billion and FedEx $58 billion. Amazon Logistics saw a 109% revenue increase to $18 billion in this period too.

Pitney Bowes forecasts that parcel volumes are set to double by 2026, having already doubled since 2015. “Every year, the Pitney Bowes Shipping Index offers unrivalled industry insight. For the US, the Index for 2020 reveals record volumes and extraordinary growth to mark a year like no other,” said Jason Dies, EVP and President Sending Technology Solutions, Pitney Bowes. “A 37 percent increase in parcel volume year-over-year compares with an average growth of 10 percent over the past five years. 20 billion parcels represent an average of 61 parcels generated per U.S citizen. Going forward, accelerated investment in infrastructure, technology and digital capabilities will help carriers address surging demand, deliver at scale and cope with the unpredictable.”

The Pitney Bowes global parcel shipping index is set to be released in the next few weeks. This will involve data from carriers in 13 major countries.

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