India's air cargo market takes a hit as forwarders face 18% tax on exports
Indian airfreight forwarders are finding themselves in a cash flow squeeze amid heightened growth challenges, ...
©-Madartists
By Alex Lennane
Rather depressing analysis from ARC that shows that the 3PL market is struggling. Organic growth declined 8.9% in the first quarter of this year, with Agility showing the worst slump with a decline of 21.5%. Managed transport services across the industry fell 3.5%, warehousing shrank 5.7% and international freight forwarding declined 9.5%.
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