Is freight forwarding a good career?

A career in freight and forwarding can be extremely rewarding because international trade is a tremendously huge and profitable industry. Don’t get us wrong here; a career in freight forwarding is not all peaches, unicorns, and rainbows.

Is freight forwarding dying?

Freight Forward in its current form is already dead. To a degree, the greater transport industry, including shipping are at risk here and themselves, guilty of driving this by devaluing their own skill levels and essentially turning the transport market into a commodity.

How profitable is freight forwarding business?

Traditional freight forwarding businesses are normally valued at a multiple of their profits, or EBITDA, that can be anywhere from 3x to 10x of profits. That’s because they actually have profits to show, resulting from years of business history, volume and successful sales and marketing efforts.

How large is the freight forwarding industry?

Freight forwarding brokerages and agencies market size in the U.S. 2018-2021. In 2020, the total market size of freight forwarding brokerages and agencies in the United States reached almost 130 billion U.S. dollars.

How is the global freight forwarding market growing?

The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market.

Which is the best report on freight forwarding?

The report provides a complete background analysis of the global freight forwarding market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and key company profiles are covered in the report.

Is the freight forwarding market on the rebound?

The global freight forwarding market experienced its most challenging year to date amid the Covid-19 pandemic, contracting 9% year-on-year. However, it is expected to rebound in the years ahead, according to industry analyst Transport Intelligence (Ti).

Is the air freight forwarding market going to recover?

The airfreight market has a lower base to grow from, after forecasts show it will contract by -13% in 2020. Its recovery will also depend, in part, on a recovery in passenger air travel. This article originally appeared in ACN sister title Heavylift and Project Forwarding International.