Subscribe to our free, weekly email newsletter!


Logistics Freight forwarding volumes return

Freight forwarders have been trying to remain confident during the rocky economic rebound. However, industry analysts report that demand has recovered at a remarkable rate in 2010, signaling a whole new set of challenges for forwarders and shippers alike.
By Patrick Burnson, Executive Editor
September 10, 2010

The global trading system is experiencing “extraordinary volatility,” and this is being reflected in the performance of the freight forwarding industry, says Jon Manners-Bell of Transport Intelligence, Ltd. (Ti), a London-based logistics and transportation think tank. Demand, capacity, and profitability have all shown huge unpredictability both in the air and sea freight sectors over the past two years, he says, with shipper confidence still being tested.

“In some respects, the past 12 months have been a good time for the sector with demand recovering at a remarkable rate in a number of key routes,” notes Manners-Bell. “The crash in volumes experienced in 2008 and early 2009 appeared to herald a long-term slump in global trade and logistics in 2010. However this slump has not occurred…rather the reverse.”

According to Ti’s Global Freight Forwarding 2010 research report released last month, the freight forwarding market indicates that the current lack of capacity for both air and ocean freight shippers may well continue to be the central problem, however. According to Manners- Bell, the sector was caught in the “perfect storm” of falling volumes and rates in 2008—a storm that is now clearing.

Check out all the Logistics Management Freight Critical Topics:
- Air Freight Management
- Motor Freight Management
- Ocean Freight Management
- Rail Freight Management

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The “good news story” of the season appears to be generated by officials at The Port of Oakland, who report that it has taken additional steps in an ongoing effort to manage a surge of inbound container vessel calls.

The PMA, which represents employers at America’s 29 West Coast ports, has finally asked for federal mediation in its contract negotiations with the ILWU.

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA