US parcel revenue sees first decline in 7 years, report finds

FreightWaves04-17

U.S. parcel revenue saw the first decline in seven years in 2023 despite increased parcel volume, according to an annual report from Pitney Bowes. (Photo: Jim Allen) U.S. parcel revenue has seen ...

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(Photo: Jim Allen) \n \n\nU.S. parcel revenue has seen ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-parcel-revenue-sees-first-110000756.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US parcel revenue sees first decline in 7 years, report finds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS parcel revenue sees first decline in 7 years, report finds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-parcel-revenue-sees-first-110000756.html><strong>FreightWaves</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. parcel revenue saw the first decline in seven years in 2023 despite increased parcel volume, according to an annual report from Pitney Bowes. (Photo: Jim Allen) \n \n\nU.S. parcel revenue has seen ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-parcel-revenue-sees-first-110000756.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDX","symbol_name":"联邦快递","start_time":0,"source_url":"https://finance.yahoo.com/news/us-parcel-revenue-sees-first-110000756.html","article_id":"2428195563","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/z0bJMV1yOCz240UzAPB8.A--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/37d50dbef2e79fdc1684c7cb8bef6438"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428195563","pubTimestamp":1713351600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. parcel revenue saw the first decline in seven years in 2023 despite increased parcel volume, according to an annual report from Pitney Bowes. . The U.S. Parcel Shipping Index, released Wednesday by the global shipping and mailing company, highlighted 2023’s shifts in the carrier-competitive landscape and consumer behaviors. U.S. parcel revenue fell 0.03% from $198.4 billion in 2022 to $197.9 billion last year despite a slight parcel volume increase of 0.05% from 21.5 billion in 2022 to 21.7 billion in 2023.Amazon nearly tripled its shipping volumes from 2019 to 2023 — from 2 billion to 5.9 billion parcels — but it lags behind in terms of revenue. It generated $28.6 billion in revenue, less than half of UPS’ $68.9 billion and FedEx’s $63.2 billion, which Pitney Bowes says foreshadows “a secular shift in the economics of last mile delivery towards smaller parcels and cost-effective shipping services.”UPS had the largest parcel revenue market share with 35% of the market followed by ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FDX":"联邦快递","PBI":"必能宝"},"translate_title":"报告显示，美国包裹收入7年来首次下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":0.9,"PBI":0.9},"content_text":"U.S. parcel revenue saw the first decline in seven years in 2023 despite increased parcel volume, according to an annual report from Pitney Bowes. (Photo: Jim Allen) \n \n\nU.S. parcel revenue has seen the first decline in seven years despite increased parcel volume, according to an annual report from Pitney Bowes.\nThe U.S. Parcel Shipping Index, released Wednesday by the global shipping and mailing company, highlighted 2023’s shifts in the carrier-competitive landscape and consumer behaviors. U.S. parcel revenue fell 0.03% from $198.4 billion in 2022 to $197.9 billion last year despite a slight parcel volume increase of 0.05% from 21.5 billion in 2022 to 21.7 billion in 2023.\nPitney Bowes expects U.S. parcel volume to reach between 23 billion and 35 billion by 2029.\nOf the four largest carriers — the U.S. Postal Service, Amazon, UPS and FedEx — only Amazon grew volumes year over year at 15.7%. Amazon and the Postal Service both saw revenue growth, but UPS and FedEx experienced declines in parcel volume and revenue.\nAmazon nearly tripled its shipping volumes from 2019 to 2023 — from 2 billion to 5.9 billion parcels — but it lags behind in terms of revenue. It generated $28.6 billion in revenue, less than half of UPS’ $68.9 billion and FedEx’s $63.2 billion, which Pitney Bowes says foreshadows “a secular shift in the economics of last mile delivery towards smaller parcels and cost-effective shipping services.”\n“Despite the continued aftershocks of the COVID-19 pandemic, persistent inflation, and pessimistic economic perceptions, consumer spending remains resilient, primarily via a growing demand for affordable goods from global marketplaces. The result is an influx of smaller, less-expensive, lightweight packages which drive up volumes at a lower rate of revenue-per-piece,” Shemin Nurmohamed, a Pitney Bowes executive vice president and president, said in the report. \nUPS had the largest parcel revenue market share with 35% of the market followed by FedEx with 32%. The Postal Service maintained its share with 16% and Amazon increased two percentage points to 14%. \nCarrier volume\nPitney Bowes found:\n\nThe Postal Service handled 6.6 billion parcels, a nearly 1% decrease from 2022.\nAmazon handled 5.6 billion parcels, up 15.7% from 2022.\nUPS handled 4.6 billion parcels, down 10.3% from 2022.\nFedEx handled 3.9 billion parcels, down 6.1% from 2022.\nThe “others” category handled 600 million parcels, a 28.5% increase from 2022.\n\nCarrier revenue\nPitney Bowes found:\n\nUPS generated $68.9 billion, down 6.4% from 2022.\nFedEx generated $63.2 billion, down 3.1% from 2022.\nThe Postal Service generated $31.7 billion, up 0.08% from 2022.\nAmazon generated $28.6 billion, up 19% from 2022. \nThe “others” category generated $5.6 billion, up 32.5% from 2022.\n\n\n\n\n\nThe post US parcel revenue sees first decline in 7 years, report finds appeared first on FreightWaves.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428195563"}