Archive for January 10, 2019
E-commerce has been a game changer for not only the retail economy but also the logistics and shipping businesses. Total e-commerce revenue today in the U.S. is nearly $425 billion, and it is steadily climbing. That is presenting a big opportunity but also some challenges for the shipping industry. While e-commerce is booming, so is the overall economy, which means more shipping from businesses as well. There are nearly 12 million trucks, rail cars and other land vessels moving cargo in the U.S. each year, and the demand keeps climbing. These conditions have led to some trends in the shipping and logistics industry that are causing carriers to have to adapt.
One trend is toward expedited domestic shipping services. The big disadvantage to e-commerce is that you have to wait for your purchase. The faster the retailers can get the product to customers, the happier they will be, and the more likely they will be to make repeat purchases. More and more companies selling online are offer