New index reveals 2.9-percent growth in parcel shipping
November 16, 2016
STAMFORD, Conn.—Pitney Bowes Inc., a technology company that provides products and solutions that power commerce, has released the Pitney Bowes Parcel Shipping Index, an annual report that measures volume and spend for business-to-business, business-to-consumer, consumer-to-business and consumer consigned shipments with weight up to 31.5 kg (70 lbs.) in 12 major markets: US, Canada, Brazil, Germany, UK, France, Italy, Norway, Sweden, Japan, Australia and India.
The Pitney Bowes Parcel Shipping Index found that parcel shipping volume was 31 billion parcels in 2015, which was a 2.9-percent increase over 2014. Furthermore, the Index forecasts parcel shipping volume to grow annually at 5 to 7 percent for a total increase of 20 percent by 2018, with cross-border shipping leading the way.
The Pitney Bowes Parcel Shipping Index, which is unique in its focus on the parcel shipping market, confirmed that the U.S. is the largest parcel shipping market of the countries studied with more than 11.8 billion parcels shipped and $85 billion spent in 2015. Japan, Germany, UK and France round out the top five countries with parcel volumes of 9.4B, 3.0B, 2.2B and 1.5B units respectively in 2015. Globally, the parcel shipping market is being driven primarily by growth in e-commerce with an increasing number of online shoppers around the world. Of the countries in this Index, the U.S. has the largest retail e-commerce market followed by the UK, Japan, Germany and France.
North American highlights:
Latin American highlights:
Accurate and precise shipping is paramount for e-commerce businesses around the world. In a recent global shopping survey, Pitney Bowes found that almost half of global shoppers reported some type of challenge with their online holiday orders in 2015. Shipping issues such as the wrong address, lost items or tracking inaccuracies made up more than half of those issues.
The Pitney Bowes Parcel Shipping Index focuses on b2b, b2c, c2b and consumer consigned shipments with weight up to 31.5kg (70lbs). All service levels, such as time definite deliveries, are included. Adjacent services offered by carriers such as freight forwarding, supply chain management and cargo shipments are excluded.