COVID-19 Affecting Parcel Rates and Parcel Commitments in 2021
The parcel market is nevertheless suffering from a capacity shortage, owing to the rapid development of B2C shipments. For both carriers and shippers, this has resulted in greater shipping and operation expenses, prompting carriers to introduce "peak surcharges" to assist pay their increased costs. Such tendencies have been present from the start of the epidemic and are predicted to persist until additional vaccines are disseminated and administered to the general public in the United States. The parcel marketplace will continue to face a climate that is more advantageous to parcel carriers until more consumers return to some form of normalcy. When Peak Season Lasts Throughout the Year The peak season for carriers lasts roughly six weeks per year. Carriers have been running at peak season pace for several months due to COVID-19. This degree of capacity use in the small package network has never been seen before, and carriers were clearly unprepared. As a result of the lar