New research from Ti reveals the global freight forwarding market will contract by 10.2% in 2020, a bleak projection when compared with Ti’s pre-Covid-19 forecast of 2.5% growth. Global air freight is forecast to fare even worse, with 2020 growth set to contract 13.9%. Ti’s figures show an even more dire picture for H1 2020 with a limited recovery over the second half of the year, though not enough to prevent a deep contraction over the full year.
Ti’s latest whitepaper contains brand new freight forwarding mid-year market sizing data, including a breakdown of market growth and size by region and by air and sea freight.
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