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.
top of page
Search
Recent Posts
See AllThe air cargo sector, initially bracing for a busy peak season out of Asia, has seen a surprising dip in airfreight rates in recent...
The 2023 air cargo airport rankings have been released by ACI World, showing that Hong Kong (HKG) retained the top position with 4.33...
Air cargo demand saw robust growth in September, increasing by 9.4% year-on-year, according to IATA. Capacity rose by 6.4%, fueled by a...
bottom of page
Comments