Worldwide Business Information and Market Reports
ISBN 1-85765-693-8
Courier and express service specialists perform a
vital function for businesses where speed, combined with accuracy and total
security in the collection and delivery of mail, documents, parcels and freight
is essential. The couriers are not alone in this market as they are competing
at different levels in a number of trading categories with national post
offices, freight forwarding, transport and distribution companies in
time-definite delivery services in the UK, to Europe and worldwide.
The
total value of a broadly defined market, which has evolved from simple origins
and developed many new facets, is estimated by Key Note to have reached
£3.3bn in 1996, an increase of 13 percent on 1995.
Most customers prefer
same day or overnight 24-hour delivery of documents and parcels timed for
arrival between 8.30am and 9am the following day. This accounts for
approximately 70 percent of their UK business. The equivalent for most European Union
(EU) destinations is 48-hour guaranteed delivery which is achieved by British
companies forging strategic alliances and reciprocal links with similar
continental partners.
The speed and accuracy of courier and express
services is based on computer-controlled technology which is used for sorting,
tracing and tracking of every item in the supply chain, from collection to
final delivery within a time guaranteed period, and for proof of delivery. Road
and air transport are of critical importance for guaranteeing timed
deliveries.
Electronic transmission of data and documents by fax,
e-mail and the Internet has potentially serious implications for the basic
services provided by courier and express companies.
Key Note
anticipates that by the year 2001, the total value of courier and express
services will reach a total value of £5.1bn. The domestic market, with a
value of £2.9bn, will still dominate the industry's invoiced sales, but
its proportion of total business will drop from an estimated 63.6 percent in 1996 to
57.2 percent at the end of the 5-year period.
Text © 1997 Key Note
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Last updated by Duncan Nottage 5th March 1999