Transportation Industry
Freight Forwarders Consolidating, Offering More Logistics Services
Transport Topics, November, 2005 by Reiskin, Jonathan S
Robust international trade, complex customs regulations and the ability to shield themselves from high fuel prices because of their non-asset-based business model are combining to make for a strong business climate for freight forwarders, said industry executives and analysts.
However, the forwarders also said their industry which coordinates numerous long-distance movements of large amounts of freight via air and ocean - is in the process of consolidation. Smaller forwarders, they said, are trying to get bigger, and larger forwarders are trying to offer a variety of logistics services, including warehousing and truck-based distribution, so they can branch into becoming lead logistics providers as well as freight forwarders.
"The big guys are trying to become more...
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