- In August 2023, OnBoard Logistics, based in the U.S., partnered with the logistics platform Raft to enhance its operations. By utilizing Raft’s advanced technology, OnBoard Logistics introduced a fully automated warehouse pre-check process, allowing for the optimization of cargo receipt and processing before physical arrival. This innovative solution reduces errors, improves operational efficiency, and delivers significant cost savings
- In December 2023, Dutch freight forwarder Share Logistics acquired VN Logistics, a company specializing in chemicals, renewables, cosmetics, and e-commerce. This acquisition enhances Share Logistics' capabilities and expands its service offerings in these rapidly growing industries. By integrating VN Logistics, Share Logistics aims to strengthen its position in key sectors and provide more specialized solutions to its clients
- In September 2023, Agility and Cainiao Smart Logistics Network formed a strategic partnership to offer comprehensive logistics solutions for cross-border e-commerce. By combining Agility's extensive logistics network with Cainiao's deep expertise in e-commerce logistics, the collaboration aims to deliver seamless, end-to-end solutions. This alliance strengthens their ability to support businesses in efficiently managing international shipments and meeting the growing demand for global e-commerce
- In May 2023, Nippon Express, a logistics company headquartered in Tokyo, announced its acquisition of Austrian logistics firm Cargo-Partner for USD 1.5 billion. This strategic move is part of Nippon Express’s efforts to strengthen its global footprint and enhance its capabilities in freight forwarding. By acquiring Cargo-Partner, the company aims to accelerate its growth and solidify its position as a leading global logistics provider
- In March 2021, Kuehne+Nagel (K+N), a global leader in third-party logistics based in Germany, acquired the China-based freight forwarder Apex International Corporation for US$ 1.5 billion. This strategic acquisition aimed to strengthen K+N's presence and expand its operations within the rapidly growing Asia-Pacific market. By integrating Apex International, Kuehne+Nagel sought to enhance its regional capabilities and bolster its competitive position in the global freight forwarding industry
Frequently Asked Questions
The market is segmented based on Segmentation, By Service Type (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, and Others), Mode of Transportation (Road, Waterways, Rail, and Air), Logistics Model (First Party Logistics, Second Party Logistics, and Third Party Logistics), Customer Type (B2C and B2B), Application (Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages, and Others) – Industry Trends and Forecast to 2032
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The Global Freight Forwarding Market size was valued at USD 9.58 USD Billion in 2024.
The Global Freight Forwarding Market is projected to grow at a CAGR of 7.1% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
