Resource Center/Article • 12/06/2021
Parcel and LTL Carriers Estimate Record Shipments in December
Despite early holiday shopping, carriers and analysts still expect record shipments and growth for both Parcel and LTL carriers in December.
PARCEL CARRIER NEWS
FedEx
- See updated FedEx Rates and Fees below under GRI & Surcharges.
UPS
- According to FedEx’s VP of Global E-Commerce, Ryan Kelly, the carrier estimates a 10% jump in peak season holiday packages compared to last year. Kelly acknowledged that shipper strategies like Curbside Pickup, BOPIS, Ship-From-Store, and early holiday marketing pushes in October have all helped reduce strain on the carrier’s larger network.
- Related – while discussing peak season holiday preparedness, the carrier highlighted that it had added “14.4 million square feet of sorting capacity for the holiday season — the equivalent of 300 football fields.”
GRI & SURCHARGES
LTL Carrier NEWS
- Knight-Swift Transportation Holdings, Inc. has acquired RAC MME Holding, LLC, including subsidiaries Midwest Motor Express, Inc. and Midnight Express, Inc. Through the acquisition, Knight-Swift Transportation Holdings, Inc. expands its reach across half of the U.S., furthering the company’s “ongoing commitment to building a nationwide LTL footprint.”
- In another digitization boost for the LTL market, MyCarrier announces processing over 700,000 electronic bills of lading in 2021. According to MyCarrier, their eBOL solution helps reduce paper errors and speed up productivity for over 85% of its LTL carrier partners.
- FreightWaves has reported strong quarterly growth for range of LTL carriers, expected to carry into 2022 along with rising rates. LTL carrier ArcBest saw a 24% revenue increase in November, 2021, alone. Like Parcel carriers, many of these LTL carriers are acknowledging a need to update systems, technology, and add employees to meet increasing demand, which in turn adds costs to their customers.
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