Latest Shipping & Logistics News (Feb 27 – March 3)
Stay one step ahead of the competition with the latest eCommerce and shipping news. This update covers falling air freight rates, plus increasing investment in FaaS by Amazon, Shopify and Walmart.
Welcome to our fortnightly update for all things eCommerce shipping! Keep up to date with the latest shipping news, trends and advancements. This update is designed to help you stay one step ahead of the competition. Whether you are an eCommerce entrepreneur, logistics provider, or just interested in the industry, check out the latest in this fast-paced and ever-changing market.
China- Europe Air Freight Rates Fall
Air Freight rates look to continue to fall throughout the first half of 2023, with a potential saving for online stores and ultimately end customers. While rates between East Asia and Europe have fallen by 30-40% compared to 2022, freight analytics platform Xeneta says China-Europe airfreight rates are still up 62% compared to 2019 pre-pandemic levels.
UK Online Shoppers Expecting Higher Shipping Costs
65% of 1000 UK shoppers questioned for Sendcloud research expect that shipping costs will increase due to inflation. However, 61% stated that high shipping costs are the main reason for them to abandon a shopping cart. This indicates a potential shift in consumer behavior, away from free shipping and towards a willingness to pay for shipping costs in the UK, however, price is still a strong dealbreaker.
Global Last-Mile Delivery Market Forecast Strong Growth
Forecast to rapidly grow at 10% a year, the global last mile delivery market is expected to reach $75.49 Billion by 2028. Key factors driving this expected market revenue growth include rapid advancements in delivery vehicles, drones, droids, and a rising inclination toward autonomous delivery. However, growth is expected to be hampered by factors such as rising supply chain corruption and the lack of proper delivery infrastructure.
Target has stated it will invest $100 million in constructing a larger network of supply chains. The key aims are to increase delivery speed and reduce the cost of fulfilling online orders. Despite announcing cost cuts of $3 Billion over the next 3 years, Target is betting on strong eCommerce growth. In the coming year, it expects to deliver 50 million packages, up from 26 million in 2022.
Shopify, Walmart and Amazon Compete for Merchants With Fulfillment-as-a-Service
Enabling eCommerce entrepreneurs to make sales without worrying about logistics, Walmart, Amazon and Shopify are all investing in Fulfillment-as-a-service (FaaS). The last quarter saw 400 million SKU’s listed on Walmart Marketplace, while the Shopify Fulfillment Network has seen a 40% increase in orders compared to 2021.
Would you like to be the first to find out the latest shipping news?
Join our community and find out what's new in the world of eCommerce and shipping! Subscribe to our blog now and you'll receive new, exciting content straight to your inbox once a fortnight.
JUMP TO SECTION
Key points
Get Your Ship Together.
By submitting the form, you agree to receive marketing emails from Easyship.
Save up to 91% on Shipping. Try for free.
Effortlessly compare 550+ courier services with one global account. Instant discounts. Start in minutes.
Find the guaranteed cheapest rates for any courier in seconds with Easyship’s free shipping rate calculator. Compare discount rates from USPS, UPS, FedEx, and 250+ couriers at a glance.
Find the guaranteed cheapest rates for any courier in seconds with Easyship’s free shipping rate calculator. Compare discount rates from USPS, UPS, FedEx, and 250+ couriers at a glance.
Receive a personal cost estimate for your crowdfunding campaign from our trusted global fulfillment partners. Easyship is a certified Indiegogo partner.
Get instant access with volume-discounted shipping rates. Save up to 89% off on USPS, UPS, FedEx, and more. Easyship is free for 50 shipments each month.
Find your perfect fulfillment partner with expert help
Let Easyship connect you to the largest shipping and fulfillment network on Earth. You’ll find trusted partners for all things logistics. Guidance is free from our global shipping experts.
Explore the powerful features that 100K+ merchants use to ship smarter, not harder. Shipping automation, live rates at checkout, live duty and tax – all free to try with Easyship.
With 550+ pre-negotiated shipping services available with discounts of up to 91%, you can save time & money today when you integrate your Shopify store with Easyship
Easyship is free to use for 50 shipments every month. You’ll save big on our discounted shipping rates up to 91% off, and save time with smart automation. Signup is fast and free.
Follow the easy path to fulfillment success. Easyship’s free fulfillment checklist provides a proven step-by-step so you can ship at scale without the guesswork.
Save up to 89% off all shipping rates. Easyship offers the guaranteed cheapest volume-discounted rates on the market from USPS, UPS, FedEx, and 250+ global couriers.
Don’t miss all our money and time-saving features!
Explore the innovative features that 100K+ merchants use to ship smarter, not harder. Shipping automation, live rates at checkout, live duty and tax – all free to try with Easyship.
What exactly does it cost to ship cross-border? Use the free duty and tax calculator from Easyship to view accurate import costs for any shipment to anywhere.
Prices are rising, deliveries are slowing. Get up to speed on the state of crowdfunding shipping with expert Easyship analysis and keep your campaign on budget.
Discover the Cheapest Shipping from USPS, UPS & FedEx
Find the guaranteed cheapest rates for any courier in seconds with Easyship’s free shipping rate calculator. Compare discount rates from USPS, UPS, FedEx, and 550+ courier services at a glance.
Find the guaranteed cheapest shipping in seconds with Easyship’s free shipping rate calculator. Compare discounted rates from USPS, UPS, FedEx, and 250+ global couriers at a glance.
Save up to 91% off shipping with Easyship’s discount courier rates. Create your free account to save instantly on 550+ courier services, including USPS.
Discover the Cheapest Shipping from USPS, UPS® & FedEx
Find the guaranteed cheapest rates for any courier in seconds with Easyship’s free shipping rate calculator. Compare discount rates from USPS, UPS, FedEx, and 250+ couriers at a glance.
Use Easyship’s free shipping policy generator to formulate your perfect holiday shipping policy for returns, tracking, and more. Just follow the prompts and you’re done!
Learn how to ship internationally without missing a step. Our case studies show you proven tactics for shipping worldwide from Easyship users who did it right.