A growing shift in geographic focus towards the regional, plus the application of advanced technology and data analysis is bringing the traditional freight forwarding model into question, according to Transport Intelligence (Ti).
Ti’s annual Global Freight Forwarding 2015 Report gives a detailed review of these and other trends affecting the global freight forwarding market. Capacity excesses and declining rates characterises a tumultuous sea freight market, while air freight celebrated a revival of volume gains in the last half of 2014, though rates remained fairly flat. On average, freight forwarders gained volumes but translating these volumes into profits proved difficult for some.