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 ...
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%”.
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