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Contract Logistics Market to See Major Growth by 2026 | CEVA Logistics, Agility Logistics, Tibbet & Britten Group


Contract Logistics Market to See Major Growth by 2026 | CEVA Logistics, Agility Logistics, Tibbet & Britten Group
iCrowd Newswire
27 Jun 2021, 16:59 GMT+10
A Latest intelligence report published by AMA Research with title Contract Logistics Market Outlook to 2026.A detailed study accumulated to offer Latest insights about acute features of the
Global
Contract Logistics market. This report provides a detailed overview of key factors in the Contract Logistics Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market. ....

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Pandemic Upends Logistics Market


Expeditors International of Washington, the largest U.S.-based freight forwarder, had a better-than-average 2020 with gross revenue increasing 23.7% to $10.1 billion and net revenue increasing 11% to $2.9 billion. Growth primarily came from airfreight, where gross revenue grew a whopping 63% to $4.8 billion, from $2.9 billion in 2019.
Apex Logistics International, headquartered in Hong Kong, has significant operations in the U.S. and is one of the largest China-­U.S. airfreight forwarders. Its airfreight metric tons grew 44% to 750,000 in 2020, driving a 53% increase in gross revenue to $2.3 billion. Apex Logistics managed multiple weekly air charters of PPE from China to the U.S. and has burgeoning e-commerce business. It also more than doubled its ocean freight forwarding business, which ended 2020 with 190,000 20-foot equivalent units. ....

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