Pitney Bowes Parcel Shipping Index Finds US Parcel Volume Reached Record High of 21.5 Billion in 2021
Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics and financial services, today released the US data for 2021 from its latest Pitney Bowes Parcel Shipping Index. Announced ahead of its usual fall schedule to meet widespread interest, the Index reveals the continuing impact of the pandemic on the shipping and logistics industries. US parcel volume grew six percent in 2021 reaching a record high of 21.5 billion, up from 20.3 billion in 2020. Carrier revenues exceeded all previous years' figures totaling $188 billion, an increase of 16 percent from $163 billion in 2020. Pitney Bowes forecasts US parcel volume by 2027 to reach 25 - 40 billion, with a 5% - 10% CAGR from 2022-2027.
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Pitney Bowes Parcel Shipping Index US data 2021 (Graphic: Business Wire)
The latest Index shows 59 million parcels were generated in the US each day in 2021 - totaling around 683 parcels per second - compared to 56 million shipped daily in 2020. Per capita parcel volume for the US rose from 62 to 65. For the first time the Parcel Shipping Index includes a 'per household' figure, revealing an average of 166 parcels shipped per US household during 2021.
"Last year saw the industry rocked by outside influences as carriers continued to manage the impact of the pandemic," said Jason Dies, EVP and President Sending Technology Solutions, Pitney Bowes. "Despite these challenges, carrier revenues and parcel volumes reached a record high, showcasing the resiliency of the US consumer and the industry's ability to absorb their growing appetite for internet retail."
Key takeaways from the latest Index include:
Now in its seventh year, the Index has built a reputation as one of the industry's most reliable sources of shipping and logistics intelligence. The global Pitney Bowes Shipping Index, which includes data from 13 countries, will be launched later this year, with data for the remaining 12 countries in the Index - Canada, Brazil, Germany, UK, France, Italy, Norway, Sweden, China, Japan, Australia and India. 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 Macrotrends.net. 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 shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels. For the latest news, corporate announcements and financial results visit https://www.pitneybowes.com/us/newsroom.html. For additional information visit Pitney Bowes at www.pitneybowes.com.