FedEx predicts soft peak season for e-commerce in Europe

By Damian Brett

Karen Reddington

Express giant FedEx is predicting a soft peak season for e-commerce volumes in Europe due to economic pressures.

The company said that last year it shipped more than 11m e-commerce parcels across Europe, which was 15% up on an already strong 2021, but this year volumes are expected to drop.

Karen Reddington, president of FedEx Express Europe, said: “While we expect the overall structural growth in e-commerce to continue in the coming years, immediate demand is expected to be softer in the remainder of this year.

“This is being driven by a range of factors, most notably the current macro-economic and inflationary environment being felt across borders and impacting consumer spending.

“As a result, in the three weeks after the Black Friday – Cyber Monday weekend, we expect European e-commerce parcel volumes to be slightly below 2021 peak levels where the exact impact will depend heavily on the market and commodity.

“Nevertheless, we typically see e-commerce volume boosts during specific weeks in peak versus non-peak.”

FedEx is not the only transport giant to warn of a weak peak over recent days.

In its latest market report, DHL said that the air cargo peak season is expected to be weak and demand is predicted to remain flat in the first two quarters of next year.

Most of the major trade lanes experienced year-on-year declines in volume, and any increase in volumes will only happen after stronger economies have started to recover, anticipated in the second half of 2023, DHL said.

DHL: No increase for peak season volumes and flat growth into 2023

FedEx Express opens new Incheon gateway

 

Share this story

Related Topics

Latest airlines news

Zongteng’s new Paris freighter to be handled by WFS

By Damian Brett

E-commerce logistics group Zongteng Group has selected WFS to handle its new freighter flights between China and Paris. The service…

Read More

Share this story

GlobalX adds freighter expertise

By Rebecca Jeffrey

Miami-based Global Crossing Airlines Group (GlobalX) has appointed Glen Gates as vice president – A321 freighter programmes. Gates has more…

Read More

Share this story

Dutch aviation groups hit out at current emission ceiling plans

By Damian Brett

The Dutch air cargo sector along with leading airlines, airports and aviation groups have hit out at new Dutch government…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector. After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015. Contact me on [email protected]