2020 express volumes up amid lower yields
The air express business in 2020 was a lot like 2019
Driven by a surge in business to consumer e-commerce growth, both international and domestic air express posted record growth in 2020. That sounds a bit like 2019. While 2021 also looks to be strong, after years of declining package yields the focus must shift to revenue quality as profit margins are under pressure.
All four major express companies – DHL, FedEx, UPS and SF Express – saw volumes in their main markets increase substantially.
Continue reading Cargo Facts Consulting’s analysis of 2020 express volumes at CFC Insights.
Volumes up and yields down – the air express business in 2020 was a lot like 2019
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