According to the study undertaken by Astute Analytica, the Global Freight Procurement Technology Solutions Market is projected to witness a rise in its revenue from US$ 812.5 Million in 2021 to US$ 1,392.2 million by 2028. The market is registering a CAGR of 8% during the forecast period 2022-2028. The rising e-commerce sector is also fueling the market growth as the freight procurement technology solutions helps in looking after all e-commerce shipments and identify the best carrier and/or mode of e-commerce based on the need. However, the high initial cost of solutions may hinder market growth over the forecast period.
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See AllAccording to the International Air Transport Association (IATA), global air cargo traffic fell 8.3% in May from the same period last year, marking the third consecutive month of decline. The biggest f
Ocean freight rates decreased via the East Coast of North America (-1.7% week-on-week), via the West Coast of North America (-2.5%), Europe (-2%), and Korea (-2.7%).
Airfreight exports from Japan in May totaled 85,581 tons (-9% y/y), according to the Japan Air Freight Forwarders Association (JAFA). This was the fifth consecutive month of year-on-year decline. By d