Analysis, data and industry updates from the team at Ti Insights, powered by our Global Supply Chain intelligence platform, GSCi.
Global freight forwarding market to contract by 2.4%
Global freight forwarding growth is expected to contract in real terms by 2.4% in 2022 and reach a market value of €263,133m. Air and Sea freight forwarding markets are forecasted to contract in 2022 by 2.7% and 2.2%, respectively.
Download our free global freight forwarding White Paper - Global Freight Forwarding Market Forecasts for 2022 & 2023 - here.
When the US recovers, air freight rates will recover
In 2023 freight rates will continue to weaken and this will end when the American consumer decides. To view the tracker in full, which contains further key data on the North America and Middle East markets, plus analysis of the underlying drivers of air freight demand in Europe, just follow the following link: https://www.ti-insight.com/air-ocean-freight-rate-tracker/.
Mergers & Acquisitions in the e-commerce logistics landscape
With the boom in e-commerce post-pandemic… incumbent logistics players have been making mergers and acquisitions to improve their e-commerce offerings in a growing market.
To read more stories like this, sign up to our regular newsletter here.
Global Express & Small Parcels market
Global Express & Small Parcels market demand is set to grow by 2.1% in real terms in 2023. The moderate recovery expected in 2023 follows a difficult 2022, which saw a market adjustment as volumes in Europe and North America declined from their pandemic peak.