Forwarders warn shippers against rates that 'look too good to be true'
Forwarders are warning customers to be wary of rates being offered by rivals for the ...
© Khunaspix Dreamstime.
By Alex Lennane
Transport Intelligence (Ti) has published a short update to its Global Freight Forwarding market report, following half-year figures for 2018. The data showed growth of 4.9%, year on year with air freight forwarding up 5.3% and sea freight rising 4.3% – perhaps better than some expected. The numbers indicate full-year growth in the market of 4.1%, down considerably from last year’s 8% growth. But, as Ti notes, this is primarily due to the end of the global restocking cycle. This eventually will result in 2018 growth of 4.3% in air, 3.9% in sea and “a five-year real compound annual growth rate for the global forwarding market a healthy 4.6%”.
Comment on this article