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Instant Shipping Market to Grow by USD 43.14 Billion from 2024-2028, Driven by International Trade Growth and AI’s Role in Market Transformation – Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Instant Shipping Market size is estimated to grow by USD 43.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.13%  during the forecast period. Growth in international trade is driving market growth, with a trend towards adoption of drone technology. However, global supply chain disruption  poses a challenge.Key market players include Amazon.com Inc., AP Moller Maersk AS, Aramex International LLC, CMA CGM SA Group, COSCO Shipping Ports Ltd, DB Schenker, Deutsche Post AG, DPD Deutschland GmbH, FedEx Corp., Hapag Lloyd AG, Japan Post Holdings Co. Ltd., JD.com Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Royal Mail Group Ltd., SEKO Logistics, SF Express Co. Ltd., Swissport International AG, United Parcel Service Inc., United States Postal Service, XPO Inc., and Yamato Holdings Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Instant Shipping Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.13%

Market growth 2024-2028

USD 43143.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.65

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Amazon.com Inc., AP Moller Maersk AS, Aramex International LLC, CMA CGM SA Group, COSCO Shipping Ports Ltd, DB Schenker, Deutsche Post AG, DPD Deutschland GmbH, FedEx Corp., Hapag Lloyd AG, Japan Post Holdings Co. Ltd., JD.com Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Royal Mail Group Ltd., SEKO Logistics, SF Express Co. Ltd., Swissport International AG, United Parcel Service Inc., United States Postal Service, XPO Inc., and Yamato Holdings Co. Ltd.

Market Driver

Drones, or unmanned aerial vehicles (UAVs), have become a popular solution for faster and more efficient goods delivery, particularly in challenging terrain and urban areas. Companies like Amazon and DHL are investing heavily in drone-based delivery systems to meet the increasing demand for instant shipping, especially for e-commerce and essential items. In March 2023, Amazon received FAA approval to operate its Prime Air drone service in select US regions, and by August, they expanded drone trials in rural Texas for essential deliveries. In April 2024, Amazon announced the deployment of drones from its same-day delivery site in Tolleson, integrating fulfilment and delivery functions for enhanced speed and efficiency. DHL also experimented with drones, delivering medical supplies to a remote island in Scotland in January 2023 and partnering with Drone Delivery Canada for drone solutions in North America’s challenging terrains by October 2023. These developments underscore the growing importance of drones in addressing logistical challenges and driving the global instant shipping market growth. 

E-commerce adoption is on the rise, with more consumers turning to online retail shopping for convenience. B2C shipments have become a significant part of logistics operations, putting pressure on delivery services to meet customer expectations of quick product delivery. Long delivery times are a concern for e-shoppers, leading to the emergence of same-day delivery and logistics automation. E-commerce platforms are investing in delivery infrastructure to meet consumer demand, especially in cross-border trade activities. Internet penetration and smartphone adoption have fueled the growth of e-commerce, making freight transportation a prominent player in the market. Effective services, customer satisfaction, and business growth depend on efficient last-mile deliveries. Perishable commodities require cold chain logistics, adding to logistics costs. Urbanization and infrastructure development are essential for effective transportation and inventory management. Prominent players like Supermercato24 are focusing on grocery delivery, catering to consumer demand for convenience. The market offers numerous opportunities for logistics cost reduction and transportation mode optimization. Overall, the focus is on effective services, customer experience, and efficient operations in the e-commerce shipping market. 

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 Market Challenges

The global instant shipping market has faced substantial challenges due to disruptions in the supply chain. One significant issue arose from the avoidance of high-risk areas, such as the Gulf of Aden and Bab al-Mandeb Strait, which led to a 41% decline in vessel traffic and a 47% drop in trade volumes. This trend continued into the first week of January 2024, with approximately 220 fewer vessels using this route compared to the same period in the previous year. The impact on containerized goods, which make up nearly half of the tonnage passing through the Suez Canal, and on oil and oil products transported from the Persian Gulf to Europe and the US, is expected to be far-reaching. Additionally, higher raw material costs, driven by shortages, contributed to a 11.1% increase in the US Producer Price Index (PPI) in the 12 months ending in May 2022. These disruptions led to inflation, complicating procurement for businesses and subduing demand, negatively affecting shipping volumes and profitability. Labor shortages and transportation issues, such as the US recording 4 million job resignations and 9.8 million new job openings in May 2023, further delayed production and deliveries, contributing to shipping delays. Political instability, like the Russian invasion of Ukraine in 2022, exacerbated the supply chain crisis by causing resource shortages. These global supply chain disruptions are hindering the growth of the instant shipping market during the forecast period.Instant Shipping Market: Seizing Opportunities Amidst Challenges The Instant Shipping Market is experiencing rapid growth, driven by smartphone adoption and e-commerce boom. Prominent players like Supermercato24 dominate the scene, offering same-day delivery for grocery and perishable commodities. E-commerce trade activities and consumer demand for quick product delivery are key drivers. Logistics automation, infrastructure development, and efficient freight transportation are essential to meet the increasing demand. However, logistics costs, especially for perishable goods, remain a challenge. Urbanization, internet access, and digitization are transforming the landscape, enabling real-time inventory management and cold chain logistics. Last-mile deliveries pose unique challenges, with multi-modal systems and mode of transportation being critical factors. Effective services and customer satisfaction are crucial for business growth. Emerging technologies like artificial intelligence and machine learning are revolutionizing the retail segment, enabling autonomous and robotic delivery. Despite these opportunities, challenges persist, including infrastructure development, logistics costs, and transportation efficiency. Addressing these challenges will be key to unlocking the full potential of the Instant Shipping Market.

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Segment Overview 

This instant shipping market report extensively covers market segmentation by  

Application 1.1 E-commerce1.2 Automotive1.3 Pharmaceuticals and healthcare1.4 Consumer electronics1.5 OthersCustomer Type2.1 Business to customer2.2 Business to businessGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 E-commerce-  At Instant Shipping Market, we provide efficient and reliable shipping solutions for businesses. Our team of experts handles every shipment with care, ensuring timely delivery. We offer various shipping options to suit different needs and budgets. Trust US to manage your logistics, allowing you to focus on growing your business. With our transparent pricing and excellent customer service, you can rely on US for all your shipping requirements.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

E-commerce adoption has seen a significant in recent years, leading to an increase in B2C shipments. Customer expectations for quick product delivery and a seamless customer experience have become the norm. Delivery services play a crucial role in meeting these expectations, but long delivery times continue to be a challenge. Online retail shopping offers convenience, but shipping costs and delivery infrastructure can impact business growth. E-commerce platforms are investing in logistics operations, strategic alliances, and a multi-modal system to improve last-mile deliveries. Internet penetration and the rise of e-shoppers have opened up opportunities for cross-border e-commerce. Inventory management, cold chain logistics, and warehouse management are essential components of efficient shipping operations. Mode of transportation and delivery costs also impact customer satisfaction. Quick product delivery and a positive customer experience are key to business success.

Market Research Overview

E-commerce adoption has seen a significant, with customer expectations for quick and convenient B2C shipments continuing to rise. Delivery services play a crucial role in meeting these expectations, but long delivery times remain a challenge. Online retail shopping offers the convenience of shopping from anywhere, anytime, fueling the growth of e-commerce platforms. However, delivery infrastructure and logistics operations must keep pace with consumer demand. Internet penetration and smartphone adoption have expanded the reach of e-commerce, leading to an increase in cross-border trade activities. Logistics automation, including AI and machine learning, is transforming the industry, reducing logistics costs and improving efficiency. Same-day delivery and last-mile deliveries are becoming the norm, with multi-modal systems and autonomous delivery solutions emerging. Effective services, consumer satisfaction, and business growth are key market opportunities. Urbanization, population density, and digitization are driving the need for effective inventory management and cold chain logistics. Freight transportation and the retail segment, particularly perishable commodities, benefit from efficient and effective shipping solutions. Overall, the market presents numerous opportunities for innovation and growth in the e-commerce shipping industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationE-commerceAutomotivePharmaceuticals And HealthcareConsumer ElectronicsOthersCustomer TypeBusiness To CustomerBusiness To BusinessGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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