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Article: Freight Forwarders Brace for Change.
- Article from:
- Logistics Management (Highlands Ranch, CO)
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Patrick Burnson, Executive Editor
In an otherwise troubled economy, some U.S. shippers are heartened by the fact that the weak dollar has meant more revenue return on exports. Domestic freight forwarders should be happy, too; but in the global arena the fight for middleman "market share" is more heated than ever.
According to Global Freight Forwarding 2009 , the recent report compiled by London-based Transport Intelligence Ltd. (Ti), this dynamic sector "is in the eye of a recessionary storm." In fact, industry analysts who've examined market growth rates from 2008 and the first half of 2009 note that since the middle of last year there has been a ...