News / Further contraction expected in global freight forwarding

After falling 3.7% in real terms (holding prices and exchange rates constant) last year, the global forwarding market is expected to contract a further 3.9% by the end of the year, reducing its market value to just over €334.3bn ($424.6bn).

Research analyst Transport Intelligence (Ti) notes, in its recent report, Global Freight Forwarding Market Size & Forecasting 2022-2027, that the “cautious optimism in early 2023 that the world economy could achieve a soft landing has receded amid continued high inflation”

It adds: ...