Freight Management is a strategic system to optimize the competence of freight and commercial transport. Nevertheless, the process enabling it all, is not as simple as it seems. That’s where logistics plays a key role. So many factors come into play for freight management, with the priority being to minimize freight costs. Freight forwarding is the coordination and shipment of goods from one place to another via single or multiple carriers via air, marine, rail, or highway. Freight management helps to keep freight costs lower which directly affects the bottom line and the price paid by all of us for goods and supplies. Freight costs are a considerable expense to consider when one who produces goods determines a fair yet profitable price to charge for their product. Not only does shipping involve shipping your product across the country and around the world, but also the regional delivery of your goods into the hands of the destination or the consumer. The freight forwarding market is expected to register a CAGR of more than 4% during the forecast period. It’s a web of events that has evolved into a major undertaking too great for an individual producer or smaller company to take on. Again, it all goes back to efficiency and minimizing freight cost which is the purpose of freight management. We at ABCN, have sound knowledge of these industry characteristics and our expertise rank as an evolving benchmark in the region. Being non-asset based, the sector is facing a high competition from other players in this field. The growth in international trade volumes is a major driver for the freight forwarding market. Asia-Pacific is the fastest growing and the largest market for freight forwarding.
Freight Forwarding Market Plan:
Key Market Plans:
The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period – 2022 – 2026