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US forgets 1776 and all that as Coronation exports surge

The US was by far the busiest destination for Coronation souvenirs other than the UK, says broker ParcelHero. It accounted for 60% of all the Coronation-themed products shipped in April, far outstripping the 20% sent to Australia, the next busiest destination. It appears that the events of 1776 and the Boston Tea Part have all been forgiven, says head of consumer research, David Jinks, who commented: “It’s astonishing to see just ... [+]

UK exports feel the chill in February

UK exports fell more sharply than any other G7 nation’s in February says broker ParcelHero, citing the latest OECD trade figures.It said the country’s exports fell by -4.45% against January and by -2.91% year-on-year.It added that all the G7 nations (Canada, France, Germany, Italy, Japan, the UK and US) had ... [+]

Challenges mount for British traders, says ParcelHero

Britain’s beleaguered importers and exporters are facing some of the most significant challenges of all businesses, says broker ParcelHero. The Government’s Office for National Statistics (ONS) Business Insights survey revealed that 41% of companies trading overseas reported significant challenges, particularly rising transport costs with 29.6% of importers and 25.4% of ... [+]

Top tips to avoid export headaches

ParcelHero has compiled five ‘dos’ and ‘don’ts’ for exporters in 2023. The list of ‘dos’ from the parcels broker are: Make the most of the over 70 free trade agreements the UK now has in place, from Albania to Vietnam, including a £38.8bn deal with Switzerland and a £20bn agreement with Canada. ... [+]

Airfreight prices on the way down, but don’t hold your breath

ParcelHero predicts that airfreight rates will continue to fall for the first half of 2023, while ocean transport rates will also continue to sink. Head of consumer research for the parcel broker, David Jinks said: ‘International airfreight rates are, to be blunt, all over the place. Rates between East Asia and Europe ... [+]

Shed bulk to gain pounds, urges parcel broker

The use of ‘volumetric’ weight to determine the cost of shipments give rise to the most complaints by overseas package shippers, according to new research ParcelHero. The broker says that instead of simply charging on the actual weight of a package, international carriers bill items based on the combined size and ... [+]

The plummeting pound: look on the bright side, says ParcelHero

As the pound freefalls to near parity with the US dollar, the silver lining is that British-made goods are now cheaper in the US, says head of consumer research at ParcelHero. Following Chancellor Kwarteng's mini-budget, the pound tumbled to its lowest value against the dollar in almost 50 years. While ... [+]

Logistics facing perfect storm in summer of discontent – updated

Head of consumer research at ParcelHero, David Jinks is warning that the logistics industry is facing a “perfect storm” with dock, rail and postal workers and even Amazon operatives staging industrial action over the summer. He said: “It’s estimated that the port strike alone will disrupt trade worth up to £700m ... [+]

Brexit costs UK £9bn in lost exports, says ParcelHero

Brexit has cost the UK £9bn in lost exports, says ParcelHero. This has negated pro-leave campaigners claims that leaving the EU would allow £350m a week extra spending on the NHS; quitting the Union has meant that there is in fact is £173m a week less available to the health ... [+]

End of Covid rules and Brexit take their toll on couriers

Over 15,000 transport and logistics companies failed in the first quarter of 2022 – 75% more than last year, says online delivery specialist, ParcelHero, quoting the latest figures from the Office for National Statistics (ONS). It said that the end of Covid lockdowns has reduced the need for courier and home ... [+]

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