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While some segments of the logistics market saw expansion, such as dedicated carriage and freight forwarding, others faced slower growth, including freight brokerage and warehousing.

Krupp specializes in the transportation of high-value goods, with AIT keen to add the company’s technology logistics sector operations to its portfolio, it said.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

FIATA executives stressed that small and medium-size companies must prepare for cybersecurity threats before and after attacks because of a rise in electronic data-sharing.

Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.

New digitized trade documents and unfair competition from shipping lines infringing on turf for inland cargo are top priorities during a gathering of transportation leaders and government officials convened by the world’s largest freight forwarding association.

Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

Global freight forwarder MIQ Logistics will become part of Noatum Logistics, a unit of Noatum Maritime Services in Madrid, according to a definitive agreement announced March 21.