SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

LONDON, Jul 7 (FAM) – The global freight forwarding sector is estimated to have grown by 2.7 per cent in 2016, with robust air freight growth in China, while maritime cargo growth was far weaker, according to analyst Transport Intelligence’s (Ti) Global Freight Forwarding 2017 report.

The US market experienced the reverse outcome with moderate expansion in sea freight as air freight growth faltered, London’s Air Cargo News reported, adding that the report also found that collapsing air and sea freight rates – on the back of excess capacity and lower oil prices – caused revenues to “fall significantly.”

 

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