🎣 Sneaky?
DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
Global freight forwarding market dips; headwinds from economic slump and evolving consumer trends.
The global freight forwarding market is anticipated to contract by 3.9% in 2023, hitting a market value of $366.07 billion, continuing from a 3.7% contraction in 2022. The Asia Pacific, despite being the largest market holder, witnessed the most significant dip. Challenges sprouting from a global economic downturn, shifts in consumer behavior, and an oversupply outpacing demand have steered digital forwarders to recalibrate their growth trajectories and conventional forwarders to bank on technology to uphold margins.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).