Freight Forwarding Market May See a Big Move | CEVA Logistics, Sinotrans, DB Schenker Logistics, Kuehne + Nagel, Sinotrans

Latest Study on Industrial Growth of Freight Forwarding Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Freight Forwarding market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

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Major players profiled in the study are:
Kuehne + Nagel [Switzerland], DHL Group [Germany], DB Schenker Logistics [Germany], C.H.Robinson [United States], CEVA Logistics [United Kingdom], DACHSER Germany), GEODIS [France], DSV [Denmark], Sinotrans Limited (China), Panalpina [Switzerland], Expeditors [United States], Nippon Express [Japan], Pantos Logistics [South Korea], Agility Logistics [Switzerland]

Scope of the Report of Freight Forwarding
Freight transportation can be defined as all activities to move commodities. These activities include transportation by trucks, aircraft, ships, barges, railways, and related logistics activities such as handling and storage. According to the expertise, “Ocean Freight Forwarding to witness high growth through the forecast period. the Ocean Freight Forwarding market size will reach USD 152145 million by 2025, from USD 99800 million in 2019.” In 2019, the total mail volume delivered by the United States postal service alone was over 142.5 Billion units. The export value of U.S.-NAFTA air freight flows in 2019 amounted to almost 21.8 US Dollars. According to American trucking associations, “Truck moved almost 11 Billion tons for freight in 2017.” The booming e-commerce market and the growth in international trade volumes is a major driver for the freight forwarding market. New trade corridors between Asia and Africa, Asia, and South America and within Asia will re-chart global supply chains. Trade volumes will shift towards emerging markets and least developed countries will take their first steps into the global marketplace. Emerging markets provide outstanding opportunities for logistics service providers, both in terms of overall growth rates and in response to rapidly changing market trends. The impact of Covid-19 has amplified pre-existing troubles in freight forwarding. According to reserch, global freight forwarding market could contract by 7.5% in 2020 as a result of the crisis.

November 2018 - : Kuehne + Nagel intended to acquire Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.

In April 2019, DSV announced that they had acquired PANALPINA WORLD TRANSPORT (HOLDING) LTD. in a USD 4.6 billion acquisition. The acquired organisation will be renamed as “DSV Panalpina”. This acquisition will create a global leader in transportation and logistics services provision.

The risks and liabilities of a freight forwarder taking responsibility for shipment include total loss of cargo, damage of cargo, rerouting of cargo, non collection of documents, incorrect release of cargo and many others. Under all above conditions, freight forwarder is liable but only if proven of negligent behavior on their part.
Moreover, freight forwarding is affected by countries trade laws as well. A favorable and transparent trade laws provide stability and invite healthy competition.

The Global Freight Forwarding Market segments and Market Data Break Down are illuminated below:
by Application (Industrial and Manufacturing, Retail, Healthcare, Media & Entertainment, Military, Oil & Gas, Food & Beverages, Others (Agro Commodities, Government and Public Utilities, & Fertilizer, Jewelry, etc.)), Services (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, Others (Value Added Services â€" Custom Clearance, Inventory Management etc.)), Type of Freight Forwarders (Consolidators, Multimodal transport operator, Customer Broker, Port Agent, Air Freight Agent, Loading Brokers, Others), Mode of Transportation (Road, Waterways, Rail, Air), Customer Type (B2C, B2B)

Market Opportunities:
• Rising Cross Border Trade Activities
• Economic Growth in Emerging Countries

Market Drivers:
• High Demand for Cost Effective Shipping
• Ability to Provide Quick Logistics Solution

Market Trend:
• Rising Demand For Integrated Service
• Shift Towards Ocean Freight Industry from Air Freight Industry

What can be explored with the Freight Forwarding Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Freight Forwarding Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Freight Forwarding
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Table of Contents
Global Freight Forwarding Market Research Report
Chapter 1 Global Freight Forwarding Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Freight Forwarding Market Forecast

Finally, Freight Forwarding Market is a valuable source of guidance for individuals and companies.

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