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Logistics companies face 12-percent growth in 2021

The global logistics market is advancing far in 2021 and is going to take over the market seen in 2019 prior to the Covid-19 pandemic, predicts Transport Intelligence. Air freight in particular has grown as a result of bottlenecks in sea and land transport. Growth will diminish in the coming years.

Photo: PR / Kuehne + Nagel

The global market for logistics stands to see "very strong" growth of 12 percent in 2021 after having grown an entire 19 percent in the first half of the year, estimates analyst firm Transport Intelligence in a new analysis.

If the forecast holds, the global logistics market will this year become 2.3 percent larger than in 2019 prior to the coronavirus pandemic, according to the analysis.

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