Final Figures for 2003 Show Weak Domestic Air Freight

Priority mail and expedited mail – two Postal Service products – showed the largest decline, according to the study. “The decline in Priority Mail’s market share is a byproduct of the secular shift from air to surface transport in the U.S.,” says Ted Scherck, Colography President. “With two-to-three day transit times, Priority Mail traffic is particularly vulnerable to diversion to surface providers, especially in a market where the typical shipment travels 700 miles or less and is easily reachable by ground within that time frame.”

For the year, there was an increase in weight of an average air freight shipment, which produced a 2 cents increase in yield to $1.84 per pound. The number of shipments declined by 3.5% to almost 2.5 billion. Overall, it was a $30.9 billion market in 2003.

In terms of market share, the Post Office handled 37.4% of the market, which FedEx Express at 28.3% and UPS Air at 21.4% rounded out the field of major carriers.

For 2003, according to the study UPS and DHL Express were the only two of seven companies studied that indicated gains in shipments over their 2002 figures. For the year, UPS had the largest gain, with air shipments up by 25 million to 530 million total, which represented growth of 4.8%.

To learn more, contact Colography at www.colography.com

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish