Pitney Bowes Parcel Shipping Index Reveals 37 Percent Parcel Volume Growth in US for 2020
September 14 2021 - 8:00AM
Business Wire
New data shows total US volume reached 20
billion parcels in 2020 as Amazon Logistics parcel volume doubles
in momentous year for industry
Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, data and financial services, today released the US data
from its latest Pitney Bowes Parcel Shipping Index, ahead of the
global Index launch later this month which will include data from
13 countries, including the top 8 GDP nations. Now in its sixth
year, the industry report is the strongest indication to date of
the pivotal influence the pandemic has had on the US shipping and
logistics industry.
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the full release here:
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Pitney Bowes Parcel Shipping Index - US
Edition (Graphic: Business Wire)
The Index reveals US parcel volume grew 37 percent
year-over-year, reaching 20 billion, up from 15 billion in 2019. In
2020, around 640 parcels were shipped per second, compared to 466
in 2019. Between 2015 and 2020, US parcel volume doubled from 10
billion to 20 billion.
Looking ahead, Pitney Bowes forecasts US parcel volume will
nearly double by 2026, reaching 32-39 billion, with a 10% CAGR from
2021-2025.
Key takeaways from the Index are:
- Carrier revenue
- Reached $171 billion – a 29 percent increase
year-over-year
- UPS generated the highest carrier revenue with $60 billion,
FedEx generated $58 billion, USPS reached $33 billion while
combined revenue from others was $2 billion.
- USPS generated a 40 percent increase in parcel revenue growth
year-over-year, FedEx 26 percent growth and UPS 15 percent
growth
- Carrier market share
- By revenue, UPS had the highest parcel market share (35
percent, down from 39 percent in 2019), followed by FedEx (34
percent, down from 35 percent), USPS (19 percent, up from 18
percent) and Amazon Logistics (10 percent, up from 6 percent)
- By volume, USPS had the highest market share (38 percent, the
same as in 2019), followed by UPS (24 percent, down from 30
percent), Amazon Logistics (21 percent, up from 13 percent) and
FedEx (16 percent, down from 18 percent)
- USPS shipped 7.6 billion parcels in 2020, up from 5.7 billion
in 2019; UPS shipped 4.9 billion parcels in 2020, up from 4.4
billion; and FedEx shipped 3.3 billion, up from 2.7 billion
- Amazon Logistics
- Grew revenue to $18 billion – a 109 percent increase
year-over-year
- Shipped more than twice as many parcels year-over-year, rising
127 percent from 1.9 billion to 4.2 billion
- Passed twice as many parcels to carriers for last mile delivery
in 2020 (2.8 billion) compared to 2019 (1.4 billion)
“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 rise in ecommerce had a huge impact on 2020’s monumental
parcel shipping volumes. BOXpoll™ by Pitney Bowes, the consumer
survey on current events, culture and ecommerce logistics, found 41
percent of consumers continue to shop online more today than they
did before the pandemic, underscoring the record growth of
ecommerce over the past 17 months.
“The pandemic had an enormous impact on the growth of ecommerce,
driving the most significant shift from in-store to online shopping
ever experienced,” said Dies. “And as we head into this year’s
holiday season, consumer preferences for online shopping show no
signs of slowing down.”
Data for the remaining 12 countries in the Index - Canada,
Brazil, Germany, UK, France, Italy, Norway, Sweden, China, Japan,
Australia and India – will be released shortly and will include a
forecast of how shipping is expected to grow in the coming years.
The decision to release US data earlier was made to meet high
market demand in the US. Based on proprietary and published data,
the Index has become a valued industry benchmark since the
inaugural report in 2015.
About the Pitney Bowes Parcel Shipping Index
The Pitney Bowes Parcel Shipping Index measures parcel volume
and spend for business-to-business, business-to-consumer,
consumer-to-business and consumer consigned shipments with weight
up to 31.5kg (70 pounds) across Australia, Brazil, Canada, China,
France, Germany, India, Italy, Japan, Norway, Sweden, the United
Kingdom and the United States. Population data points were sourced
from the International Monetary Fund, World Economic Outlook
Database published in October 2018. The Pitney Bowes Parcel
Shipping Index spans 13 countries and represents the parcel
shipping activity of 3.7 billion people.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; and financing. For 100 years Pitney Bowes has
been innovating and delivering technologies that remove the
complexity of getting commerce transactions precisely right. For
additional information visit Pitney Bowes at
www.pitneybowes.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210914005274/en/
John Spadafora Pitney Bowes M +1 518 708 3466
John.spadafora@pb.com
Marifer Rodriguez Pitney Bowes M +1 203 940 3718
Marifer.rodriguez@pb.com
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