Ocean carriers undermining forwarders that don’t have “enough clout” will drive consolidation this year.
Delegates at the recent TPM25 by S&P Global heard that, as the top 10 liner operators continue to grow and now have a monopoly of some 75% of the ocean shipping market, the “imbalance in the forwarding business has been exposed”.
This has meant smaller forwarders are being “undermined” by the large carriers, with shippers becoming increasingly …
The post TPM: Forwarders need ‘clout’ to survive as the ocean carriers move in appeared first on The Loadstar.
