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Despite the dip, carriers did just fine in their financial results, with revenues totaling $198 billion, an increase of 6.5% from $186 billion in 2021, the company said in its latest “Pitney Bowes Parcel Shipping Index.”
Broken out by carrier, the U.S. Postal Service (USPS) shipped 6.7 billion parcels in 2022 down from 7 billion in 2021; UPS shipped 5.2 billion parcels in 2022, down from 5.3 billion; Amazon Logistics kept its parcel volume at the 2021 level of 4.8 billion, and FedEx shipped 4.1 billion, down from 4.3 billion. Outside the top four, the combined parcel volume from smaller carriers did much better, growing by 25%.
