Transportation Logistics Industry Report Q1 2022
2022 Industry Outlook
Growth: Industry revenue is forecast to rise at an annualized rate of 2.2% to $3.6 billion over the next five years to 2027. A resurgence in consumption levels and trade activity will likely bolster freight volumes, which will generate demand for freight packing and logistics services.
Efficiency: Many freight packing and logistics companies have benefited from electronic trade documentation platforms, with more systems expected to be adopted over the next five years.
M&A Activity: Large companies are expected to continue to engage in mergers and acquisitions to expand the scope of their services and geographical range. To compete successfully with third-party logistics companies, industry players will likely need to continue expanding their services to provide greater value-added support.
