News / Cost control keeping contract logistics operators on the right road

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While freight forwarding continues to suffer from the rapid decline in ocean freight rates, contract logistics operations are increasingly proving to be counter-cyclical.

French contract logistics operator ID Logistics last week showed the continuing strength of the sector as it released third-quarter results showing a 9.7% increase in revenue, to €696m ($738m), compared with Q3 22, and revenue for the first nine months rising 10.1%, to €1.98bn, compared with 2022.

Chairman and chief executive Eric Hemar said this was partly to do ...