During the recession, declining consumer spending led to a drop in industrial, retail and trade activity, causing plummeting freight volumes and reduced demand for the Freight Packing and Logistics Services industry. The industry has recovered in recent years, albeit slowly, as economic conditions have improved. However, gains have been tempered by rising external competition, including from the in-house logistics operations of manufacturers and retailers. Additionally, trade-related services have been hampered by economic worries in Europe and the slowdown of many emerging economies. The industry is expected to finally reach prerecession revenue levels by 2019, though these issues are expected to continue exerting pressure on industry operators in the coming years.
This industry mainly provides specialized services to transportation companies, such as packing, crating and otherwise preparing goods for transportation. This industry does not include packaging and labelling 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.