"A strong year for forwarders"
Transport Intelligence (TI), a consultancy located near Bristol (UK), expects 2021 to have been a brilliant year for freight forwarders. According to its analysis, the forwarding market is forecast to have grown by 12% in value compared to 2020. In terms of modes of transport, air freight forwarding surged significantly by 26% and sea freight forwarding by approximately 10.3%.
TI said in a press release: "Strong recovery in the forwarding market has been built on a base of fiscal support packages implemented throughout 2020 and the reopening of economies which boosted consumer demand in H1/2021."
In total, this progress also made the forwarding market grow by 2.3% in comparison to the pre-pandemic year of 2019. It was, amongst others, "severe capacity constraints which led to high demand for air freight services throughout 2021 and especially in the first half of the year," TI concluded. (sh)