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International Courier Market to Grow by USD 136.1 Billion (2024-2028), Driven by Advancements in Courier Technology and AI-Powered Market Evolution – Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global International Courier Market  size is estimated to grow by USD 136.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.19%  during the forecast period. Advancements in courier services technology is driving market growth, with a trend towards rising focus on sustainable and green logistics. However, scams related to courier services  poses a challenge.Key market players include Alibaba Group Holding Ltd., Aramex International LLC, Blue Dart Express Ltd., Canada Post Corp., Delhivery Ltd., DHL Express Ltd, DPD Deutschland GmbH, DTDC Express Ltd., Evri Ltd, FedEx Corp., GEODIS, Janio Asia, Japan Post Holdings Co. Ltd., Kuehne Nagel Management AG, LALAMOVE, Logistics Plus Inc., Nippon Express Holdings Inc., Purolator Inc., Royal Mail Group Ltd., The Courier Guy Pty Ltd, United Parcel Service Inc., United States Postal Service, and Yamato Holdings Co. Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Express delivery, Standard delivery, and Others), Consumer (Business-to-Consumer, Business-to-Business, and Consumer-to-Consumer), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

Alibaba Group Holding Ltd., Aramex International LLC, Blue Dart Express Ltd., Canada Post Corp., Delhivery Ltd., DHL Express Ltd, DPD Deutschland GmbH, DTDC Express Ltd., Evri Ltd, FedEx Corp., GEODIS, Janio Asia, Japan Post Holdings Co. Ltd., Kuehne Nagel Management AG, LALAMOVE, Logistics Plus Inc., Nippon Express Holdings Inc., Purolator Inc., Royal Mail Group Ltd., The Courier Guy Pty Ltd, United Parcel Service Inc., United States Postal Service, and Yamato Holdings Co. Ltd.

Key Market Trends Fueling Growth

The international courier market is prioritizing eco-friendly packaging and logistics practices in response to growing consumer concerns for the environment and health impacts. Companies such as DHL Express Ltd are leading the way with initiatives like Go Green, which include using sustainable packaging materials and electric vehicles to reduce carbon emissions. In China, regulatory bodies have announced plans to mandate a green transition for courier companies by the end of 2025, banning toxic packaging materials. These developments will drive the expansion of the global international courier market, focusing on sustainable solutions. 

The international courier market is thriving in today’s globalized business environment. With in international trade, shipping services have become essential for Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions. Delivery efficiency is key, especially for time-sensitive orders and urgent deliveries. E-commerce boom has led to an increase in demand for same day and on-demand delivery, pushing logistics companies to innovate. Sustainability initiatives, drone delivery, and autonomous delivery are trends shaping the future of the industry. Data analytics helps in supply chain integration, while customs and trade regulations remain a challenge. Last mile delivery innovations include personalized delivery, blockchain integration, and collaborative logistics. Onetime code delivery, mobile apps, and logistics management solutions streamline the process. Strategic acquisitions, track and trace, packaging and labeling, and customized delivery solutions are crucial for service quality. Startups are disrupting the market with Internet of Things, automation, and crowd-sourced deliveries. GPS technology and location-based solutions enable real-time tracking. 

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Market Challenges

International courier markets have faced challenges due to scams that undermine the reputation of courier companies and potentially decrease demand. Scammers pose as officials from well-known courier firms, engaging in conversations to steal personal information, money, or valuable goods. For instance, in Udupi, India, in July 2024, scammers posing as FedEx Corp. Officers claimed a parcel containing illicit items and requested large sums of money for release. In the UK and Australia, the “parcel pending” scam involves text messages requesting additional delivery costs and leading users to fake courier company websites to enter banking information. These scams erode consumer trust, making buyers hesitant to use international courier services for transporting valuable goods, documents, or other items. This skepticism will hinder the growth of the global international courier market during the forecast period.The international courier market faces numerous challenges in today’s business landscape. In online trading and e-commerce, B2C and B2B services have become a significant part of the market. Logistics companies must ensure service quality for both personal and business users, including government organizations. Rapid delivery and secure, express services are essential for e-commerce growth and urbanization. Logistics networks must adapt to technology trends like the Internet of Things, automation, and crowd-sourced deliveries. Last mile delivery and location-based solutions require GPS technology and real-time tracking systems. Drones offer potential for efficient, same-day courier services, especially for large packages and cross-border logistics. Regulatory uncertainty and delivery time are critical concerns for international shipping. Customized delivery and environmental sustainability are essential for customer satisfaction. Blockchain, robotics, artificial intelligence, and standard courier services cater to different market segments. Small and medium packages require efficient handling, while large packages and B2B e-commerce necessitate logistics networks. E-commerce growth, urbanization, and online shopping increase the demand for delivery guarantee and express services. Rapid delivery, secure delivery, and express services are crucial for business success. Companies must invest in technology and adapt to changing market trends to remain competitive.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This international courier market report extensively covers market segmentation by

Type 1.1 Express delivery1.2 Standard delivery1.3 OthersConsumer 2.1 Business-to-Consumer2.2 Business-to-Business2.3 Consumer-to-ConsumerGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Express delivery-  The international courier market is a significant sector in global logistics. It facilitates the transportation of goods across borders, enabling businesses to expand their reach and customers to receive their purchases promptly. Major players in this market include DHL, FedEx, and UPS, who offer various services such as express, economy, and freight. These companies invest in advanced technology and infrastructure to ensure efficient and reliable delivery. The market’s growth is driven by increasing globalization, e-commerce sales, and the need for faster delivery times. Companies prioritize customer satisfaction and competitive pricing to stay competitive.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The international courier market is experiencing significant growth due to the e-commerce boom and the increasing demand for rapid, secure, and express delivery services. Online trading and B2C services are major drivers of this market, with logistics companies providing customized, cross-border, and business-to-business solutions. Service quality, customer service, and environmental sustainability are key priorities for both established players and startups. The integration of the Internet of Things, Big Data Analysis, and Blockchain technology is revolutionizing the industry, enabling real-time tracking, automated processes, and increased security. Regulatory changes and technological advancements, such as drone delivery and autonomous vehicles, are also shaping the market. The use of robotics, data analytics, and same-day delivery services is becoming increasingly common, with companies focusing on providing a seamless and efficient customer experience.

Market Research Overview

The international courier market is a dynamic and growing industry that plays a crucial role in facilitating the global exchange of goods and services. With the rise of online trading and e-commerce, the demand for reliable and efficient courier services, particularly for B2C and B2B services. Logistics companies are leveraging technology such as the Internet of Things, automation, and crowd-sourced deliveries to enhance service quality and delivery efficiency. Last mile delivery solutions, including GPS technology and drones, are revolutionizing the industry, enabling rapid and secure delivery of small, medium, and large packages. Urbanization and e-commerce growth have led to increased pressure for urgent deliveries and time-sensitive orders, driving innovation in logistics networks and international shipping services. Companies are also focusing on sustainability initiatives, regulatory compliance, and customized delivery solutions to meet the diverse needs of personal users, business users, and government organizations. The integration of blockchain, robotics, artificial intelligence, and data analytics is transforming the industry, enabling real-time tracking, on-demand delivery, and strategic acquisitions. Cross-border logistics and supply chain integration are key challenges, with customs and trade regulations requiring careful navigation. The future of the courier market lies in last mile innovation, personalized delivery, and blockchain integration, as well as collaborative logistics and onetime code delivery systems. Mobile apps and logistics management solutions are also becoming essential tools for businesses and individuals seeking to streamline their delivery processes and ensure delivery guarantees.

Table of Contents:

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

TypeExpress DeliveryStandard DeliveryOthersConsumerBusiness-to-ConsumerBusiness-to-BusinessConsumer-to-ConsumerGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

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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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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