What’s New In Freight Forwarding — January 2023

Happy New Year, friends!

As we close out 2022, we're excited to share with you our plans for RWSolutions in 2023.

This year, we will be launching 2 NEW networks with Emerge - A Freight Alliance for Africa specializing in freight forwarders focused on Africa and the Middle East, and Latam Forwarders Club centralized in the Latin American market. We’ve got a packed year of in-person and virtual events around the globe, with our first panel discussion happening this month and kick-off celebrations throughout the year. As a sneak peek at what's ahead, we are hosting our signature event, The Freight Summit in Istanbul this year!

Let's start the year off right and check out all the latest freight forwarding news!

We make it our goal to connect you with the right network to grow your business. Learn more about becoming a member at RWSolutions.

Benefits of Joining a Global Logistics Network

Optimize your business operations by joining a trusted logistics and freight forwarding network. Learn how the global reach of these networks will be an asset to the scalability of your business.

3 Key Global Shipping Strategies for 2023

Shippers are facing new and ongoing challenges to navigate as the market continues to shift. Here are three best practices to optimize your global shipping strategies for the new year.

Freight Forwarding Market to Eyewitness Huge Growth by 2029

Market forecasts and insights about the Freight Forwarding market, including revenue size, production, CAGR, consumption, gross margin, price, and other significant factors. View the report here.

Freight forwarding Global Market to Reach $285.15 Billion by 2031 from $192.5 Billion in 2021

The freight forwarding market was valued at $192.50 billion in 2021 and is estimated to reach $285.15 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031, reported by ResearchAndMarkets.com.

50% of freight forwarders want to automate container journey monitoring

Container users identified monitoring containers’ journey from pick-up to drop-off as the operation they would like to automate first, according to a poll by container logistics tech company Container xChange.

Supply chain workers ‘want careers, not just jobs’

Hiring and retaining hourly supply chain workers has been a struggle for decades. Dan Johnston, CEO, and co-founder of workforce retention company WorkStep writes on the post-pandemic supply chain staffing challenges facing organizations.

Updates in North America

• Pro-union mandate at Chicago O’Hare threatens to disrupt cargo flights Read more
• Air Canada prepares Vancouver hub for 2024 arrival of 777 freighters Read more
• Savannah’s D.J. Powers Acquired by Canadian Freight Forwarder Read more
• Air Canada loses cargo VP to US regional carrier Read more
• FMCSA Proposes Financial Security Requirements for Freight Forwarders Read more

Updates in Asia 

• China’s new Covid surge is crippling the world’s most important factories and biggest ports Read more
• Truck driver shortage in Japan spurs new cargo airline Read more
• Cathay Pacific’s November cargo traffic shrinks on weak China exports Read more
• FFAF Cargo launches subsidiary in India Read more
• Airfreight rates in the doldrums as carriers look to set their BSA tariffs Read more
• China rolls out five-year plan to upgrade logistics sector Read more

Updates in the Middle East 

• Emirates SkyCargo invests for the future Read more
• Qatar Airways freighter now serves Vienna Read more
• Saudi Arabia to build $27 million logistics park in Dammam Read more

Updates in Africa

• MSC Group completes acquisition of Bolloré Africa Logistics Read more
• The funding hurdles in $150b Africa cross-border logistics sector Read more
• Uganda ships maiden fuel cargo from Kisumu port Read more

Updates in Latin America 

• Latin America’s Prospects for Trade and Logistics Development Read more
• DHL Express opens new freighter route to Dominican Republic Read more
• LATAM Cargo debuts in Santo Domingo Read more

Updates in Europe

• German logistics player Sennder primes new fundraise at €2 billion valuation Read more
• Coupa & Ivalua issue advice on new German ESG law Read more
• UPS to develop new healthcare hub in Ireland Read more

RWSolutions Events

• Jan 25, 2023 — Panel Discussion: Succession Planning for family-owned freight forwarders, how do you plan for it? (Virtual Event) Sign up here
• Feb 27-March 2, 2023 — LATAM Forwarders Club Kick-Off Meeting (Hilton Morumbi & Intermodal Expo booth #K060, São Paulo) Sign up here
• March 12-15, 2023 — CLN 20th Annual Partnership Meeting (Phnom Penh, Cambodia) Sign up here

Other Events

• Jan 12, 2023 — FreightWaves Sales & Marketing Summit (Virtual Event) Learn more
• Jan 26, 2023 — FORWARDER.events (Windsor, UK) Learn more
• Feb 18-22, 2023 — WCA Worldwide Conference (Marina Bay Sands, Singapore) Learn more
• March 16-17, 2023 — International Conference on Freight, Transport and Logistics (Dubai, UAE) Learn more
• March 20-22, 2023 — FlyPharma Conference (Abi Dhabi, UAE) Learn more

RWS Member Spotlight

RWSolutions is proud to highlight the outstanding service of our member agencies who have been with us since 2006, Unifreight Global Logistics from Alexandria, Egypt. Learn more about them here.

Before You Go

1. Forward this newsletter to your colleagues, clients, or anyone else you think would find it valuable.
2. Follow us on Twitter, LinkedIn, and Facebook.
3. Visit our website and become a member at rwsolutions.com

Anything missing? Feel free to let us know. Otherwise, see you next month!