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Freight Procurement Technology Solutions Market is Estimated to Reach US$ 1,392.2 Millon by 2028

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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CCFI Summary week 14

Ocean freight rates decreased via North America East Coast (-3.9% week-over-week), North America West Coast (-2.8%), Europe (-0.7%), and Korea (-1.9%).

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