TI Report Calls for New Contract Logistics Mindset
In its latest report, Global Contract Logistics 2013, Transport Intelligence (TI) found the global contract logistics market grew by 3.4% in 2012 to €159.35 billionn. However this figure hides an increasing divergence in the performance of regional markets, with growth in emerging markets much higher than those in Europe or North America. For example, the Middle East grew at 5.7%, whilst the Asian contract logistics market grew at 6.0%; due to an emphasis on intra-Asian trade. This contrasts with growth in North America which was only 3%, and an even weaker 0.9% growth rate in Western Europe. This gap in performance is set to widen with the outlook for emerging markets through 2016 remaining strong.