NEW YORK — The cost of shipping a toy for a child has plummeted to a level that only makes sense in the digital age, a new report from a shipping company says.
A new report by a shipping provider shows that the cost of delivering a toy has dropped from $4.5 million to just over $1 million.
The report was released Tuesday.
The report found that the average shipping price for toys dropped from an average of $1,039 in 2015 to $1 and $1 to $8,958 in 2017.
The average cost for a single delivery went from $3,500 to $2,933.
The average price of a shipment went from about $7,000 to $7.
The price of delivery went down from $15,000 per shipment to $12,750 per shipment.
It was the second year that the annual report was published.
The annual report said that while toys have gone up in price, the number of toys being shipped by a single carrier has gone down as well.
A single carrier delivers about 1 million toys a year.
Brent Bozell, president of the company that provides shipping services to Toys”R”Us, said in a statement that the number has increased dramatically in the last few years, but that it is important to note that the trend is a gradual one.
“The shipping industry is going through some tough times, and we are working with our partners to help them to thrive and prosper,” Bozel said.
“It’s very difficult to predict exactly what will happen, but this year has shown us that the best way to deliver the products that our customers want is to be able to ship them from one location to another, which is a huge step forward.”
The report said the cost to ship a toy would drop to $3.4 million in 2019 and to $4 million this year.
A similar decrease would be seen in 2019.
Bozell said the trend would continue as the market matures and shipping companies invest in better technology.
BizNexus, a shipping service provider, also said in its report that the industry has seen a marked decrease in the cost for shipping toys, and that the rate of increase will continue to decrease.BZW Shipping, a major shipping company, said its average cost per shipment went down in 2019 to $11,874 from $18,904.
The firm said that the decline was driven by better technology and improved logistics.
Bzz’s Shipping, which handles shipments for Disney, was one of the companies to report declines.
BzW said in the report that it now processes about 10 percent of all toy orders shipped by its clients.
It added that it was also seeing a reduction in the amount of time the shipping companies have to make shipping decisions.
“It’s been a rough couple of years, and the industry is taking its time to recover,” Bzz’s CEO, Peter Janssens, said.