LAST MILE DELIVERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2024, PIESHIP, a logistics company located in Saudi Arabia, implemented AI and crowdsourcing strategies to optimize last-mile delivery routes and schedules, with the goal of reducing costs and improving customer satisfaction. Operating in the rapidly evolving logistics landscape of Saudi Arabia, PIESHIP focuses on providing efficient and reliable last-mile delivery solutions, particularly enhancing the service for e-commerce businesses and their customers through improved delivery processes.
• In November 2023, Shipyaari, a leading SaaS-based logistics solutions provider, announced a strategic collaboration with India Post, postal service provider, to transform last-mile delivery in India. This groundbreaking agreement is expected to significantly alter the last-mile operational landscape, allowing Shipyaari to extend its reach into even the most remote regions of the nation.
• In September 2023, XPO Logistics, a leading provider of freight transportation services, introduced a new same-day delivery service for urban areas. This innovative offering aims to enhance last-mile delivery efficiency and meet the growing demand for expedited shipping in densely populated regions, reflecting the company's commitment to providing comprehensive logistics solutions.
• In April 2023, FedEx, a global leader in logistics and package delivery services, announced its acquisition of a regional logistics company like P2P Mailing Limited, PAFEX, etc. to enhance its last-mile capabilities. This strategic move aims to strengthen FedEx's operational efficiency and service offerings, allowing the company to better meet the growing demand for timely and reliable deliveries in local markets. The acquisition aligns with FedEx's ongoing efforts to expand its logistics network and improve customer satisfaction.