Companies in this industry provide freight forwarding and customs brokerage services. Major companies include CH Robinson Worldwide, Expeditors International of Washington, and UPS Supply Chain Solutions (all based in the US), along with CEVA Logistics (France); DB Schenker and DHL Supply Chain (Germany); Kuehne + Nagel and Panalpina (Switzerland); Nippon Express (Japan); and Sinotrans (China).
The global freight forwarding services industry generates annual revenue of more than $260 billion. China, Singapore, and South Korea are home to the world's busiest container shipping ports, as well as some of the busiest airports based on cargo volume. France, Germany, Dubai, Japan, the Netherlands, and the UK also host major international cargo hubs. Freight forwarders are targeting the Asia/Pacific region for growth.
The US freight forwarding services industry includes about 20,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $55 billion.
Freight forwarding services providers arrange the transportation of goods by various modes on behalf of shippers. Customs brokers are included in the industry. The industry doesn't include freight carriers, logistics consultants, or supply chain management software manufacturers. A separate Warehousing & Storage profile covers that industry.
Demand is driven by domestic manufacturing output and levels of international trade. The profitability of individual companies depends on efficient operations, extensive relationships in shipper and carrier networks, and industry expertise. Large companies have advantages in account relationships and access to advanced logistics technologies. Small operations can compete...