Logistics companies face big dip in cargo volumes in 2020

The logistics sector has so far seen a big plunge in cargo volumes in 2020, a year in which the coronavirus has caused large disruptions, writes analyst firm. The second half of the year does not look set to reverse this trend.

Photo: Shizuo Kambayashi/AP/Ritzau Scanpix

The logistics sector faces a big slide in freight volumes in 2020, as the coronavirus pandemic has triggered disruptions throughout the supply chain, projects Transport Intelligence.

The analyst firm's forecast comes after global freight forwarders have already seen volumes dip 11.6 percent in the first six months of 2020.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs