Top Freight Forwarding Companies to Watch out for in 2023

Top freight forwarding companies to watch out for in 2023

Freight forwarding is the process of organizing the shipment and delivery of goods from one location to another. It generally involves a variety of tasks, including negotiating shipping rates, arranging for transportation, preparing, and filing necessary paperwork, and tracking the shipment from the beginning till its delivery.

The prime freight forwarding companies who are presently making it big in this industry are-

FedEX

Market Position or History

In 2020, FedEx announced the acquisition of ShopRunner Inc., a prominent e-commerce company which is known for connecting merchants and brands with online buyers.

Business Overview and Strategy

The company was established in May 1971 by Frederick W. Smith. Its headquarters are located in Tennessee, United States. It predominantly offers e-commerce, transportation, and business services. It was the first company to introduce the concept of express transportation. FedEx ensures real time and secure delivery of goods across 200 nations and territories.

The organization’s primary vision is to offer innovative, sustainable, and fast goods delivery solution to the masses. It strives to minimize its environmental impact by adopting eco-friendly transportation entities.

Dimerco

Market Position or History

In June 2021, Dimerco inked a partnership with Agility, a supply chain management firm. Through this partnership, the former aims to offer efficient logistics solutions for aerospace and aviation customers.

Business Overview and Strategy

Headquartered in Taipei, Taiwan, the company was established in 1971. This logistics and transportation provider offers a diverse range of services including supply chain management, ocean freight, air freight, along with road freight, among others. It has a global presence and operates in numerous countries.

Dimerco is known for focussing on innovation above everything. It strives to exceed customer expectations by offering past paced transportation solutions while also emphasizing on sustainability.

DSV A/S

Market Position or History

In May 2021, DSV A/S announced the acquisition of Echo Global Logistics, a logistics company based in the United States.

Business Overview and Strategy

Established in 1976, the company has its headquarters in Hedehusene, Denmark. It is known for offering exceptional logistics and transportation services on a global level. It operates train, sea, air, and road-based freight services. DSV has its offices in over 80 countries.

The company adheres to three primary values, i.e., sustainability, innovation, and customer-centricity. It is known for adopting high end technologies to enhance its services and create advanced solutions for their huge customer base.

CEVA Logistics

Market Position or History

In April 2022, CEVA Logistics announced the acquisitions of three renowned companies, i.e., Colis Prive, Ingram CLS, and GEFCO.

Business Overview and Strategy

The company was established in 2007 with its headquarters in Marseille, France. It offers contract logistics, customs brokerage,  freight management, along with warehousing and distribution services. CEVA presently operates in over 160 nations.

This firm is customer-centric in its approach and strives to help customers to optimize their supply chains. It leverages advanced digital technologies to enhance its  efficiency and increased its visibility across the supply chain.

Hellman Worldwide Logistics

Market Position or History

In June 2022, Hellman Worldwide Logistics announced the acquisition of OptimNet Solutions s.r.o., an overnight express provider based in Czech-Slovakia.

Business Overview and Strategy

The company was established by Carl Heinrich Hellman in 1871. Its headquarters are located in Osnabruck, Germany. It offers a comprehensive range of transportation and logistics services to customers across various industries. Hellman Worldwide currently has its operations in more than 100 nations.

The organization leverages innovative technologies to enhance its operational efficiency and exceed customer experience. It is committed to sustainability and has set an ambitious target to become carbon neutral by 2050.

How are Freight Forwarding Companies Solidifying their market position?

There are a number of players offering freight forwarding and logistics solutions. Due to increasing cross border trade activities, booming e-commerce sector, and escalating demand for the fast  delivery of essential goods worldwide, this industry has become extensive competitive in nature.

The existing players are making robust efforts to solidify their overall position and diversify their customer base. They are focusing on building a customer centric approach with proper emphasis on adopting sustainable solutions to fulfil their environmental responsibility. Apart from that, they are embracing high end technologies to improve their services.

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