Freight Forwarding Brokerages & Agencies in Canada
Demand for industry services is largely determined by domestic and international trade volumes, as well as the propensity of businesses to outsource freight forwarding and customs brokering operations rather than perform these functions in house. Over the five years to 2018, industry revenue is estimated to rise. Strengthening consumer spending drove growth in domestic shipments during the five-year period, while improving conditions in the global economy propelled imports and exports. The industry will continue to grow over the next five years. Increased consumer spending will spur growth in industrial production as manufacturers expand operations to meet rising consumer demand. In turn, greater industrial activity will increase demand for companies that arrange the transportation of inputs and finished products, particularly as regulations become more complex and supply chains become increasingly globalized.
This industry acts as an intermediary between shippers and carriers. These companies are generally called freight forwarders, marine shipping agents or customs brokers and can offer a combination of services, which may span transportation modes. Companies in the industry also arrange and coordinate the transportation and storage of industry goods without providing actual transportation and storage services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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