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New index points to strong growth in parcel shipping

Published 11/15/2016, 07:13 AM
New index points to strong growth in parcel shipping
FDX
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UPS
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PBI
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  • The Pitney Bowes (NYSE:PBI) Parcel Shipping Index forecasts parcel shipping will increase annually at a 5% to 7% rate to rise 20% overall by 2018. Cross-border shipping is expected to underpin the growth.
  • The index measures both volume and spend for business-to-business, business-to-consumer, consumer-to-business and consumer consigned shipments with weight up to 31.5 kg (70 lbs.) in 12 major global markets.
  • Related stocks: FDX, UPS.
  • Source: Press Release

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