US parcel volume reaches 20 billion in 2020: Pitney Bowes

The revenue from Amazon grew to $18 billion in 2020, a 109 percent increase year-over-year. It shipped more than twice as many parcels year-over-year, rising 127 per cent from 1.9 billion to 4.2 billion, stated the latest Pitney Bowes Parcel Shipping Index. The US data of the index was launched recently, ahead of the global Index launch later this month which will include data from 13 countries, including the top 8 GDP nations. Further, Pitney Bowes forecasts US parcel volume will nearly double by 2026, reaching 32-39 billion, with a 10 per cent CAGR from 2021-2025,  Pitney Bowes said in a press release.

“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 per cent increase in parcel volume year-over-year compares with an average growth of 10 per cent over the past five years. 20 billion parcels represent an average of 61 parcels generated per US 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 per cent 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. And as we head into this year’s holiday season, consumer preferences for online shopping show no signs of slowing down,” said Dies.

Fibre2Fashion News Desk (RR)