Pitney Bowes Parcel Shipping Index Reveals 37 Percent Parcel Volume Growth in US for 2020
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210914005274/en/
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:
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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