Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
© Stanislav Chub
2017 and 2018 saw the airfreight market climb a cumulative 13.1% in terms of volume, with a 12.3% increase in yield in 2018 according to IATA, pushing the market beyond a $100bn valuation.
This bullish attitude, as it always does in a runaway market, encouraged an outlook of perpetual, if slowed, growth: IATA forecast 3.7% growth from January 2019.
Instead, 2019 has proved a veritable disaster (albeit with a smattering of success stories) – a deadly result of mixing the end of shipper inventory cycles, with a diverse range ...
Comment on this article
Fenny.min
December 12, 2019 at 4:26 amI totally agree with the author. As a freight forwarder in China, I believe that 2020 will be a year full of challenges and opportunities.