Retail

Online shipping costs expected to increase further into the pandemic

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An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020.

Kevin Mohatt | Reuters

Delivery costs have been rising across the country and are expected to continue as the pandemic drags on, creating a serious headwind for retailers, according to a report by Jefferies.

“The recent growth in shipping costs has been fueled by the surge in e-commerce penetration, which has created a significant supply/demand imbalance and left carriers capacity constrained,” Jeffries’ analyst Janine Stichter said in the report, which was based on a call with Dean Maciuba, a former FedEx executive who is currently the North America managing…



Source cnbc.com

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