The global contract logistics market grew by just under 10% last year according to the latest report from Transport Intelligence, Global Contract Logistics 2007. The market was driven by growth in the Asia Pacific region, which overtook North America for the first time to become the world’s second largest market. Europe, the most mature market, experienced solid if unspectacular growth.

The regional growth rates disguised a huge national disparity in market development. In Europe, Russia and Turkey led the way. In Asia Pacific, China, India and South Korea experienced the highest levels of growth, in contrast with Japan, where economic stagnation held back the industry. In North America, the Mexican contract logistics sector advanced by double digits helped by the trend towards ‘near-sourcing’ by US manufacturers and retailers. Its future prospects will be highly influenced by the strength or weakness of the US economy.

The Middle Eastern market is also proving to be buoyant due to the region’s development as a major transport ‘hub’, investment in oil and construction projects and the growth of consumer markets. Latin America, however, is failing to take off in the way many analysts predicted.

The report also analyses which logistics companies are best exploiting these positive market conditions. TI’s Chief Analyst, John Manners-Bell, commented, ‘Over the past few years DHL Exel has built a massive advantage through acquisition to achieve a market share more than three times that of its nearest rival, CEVA. What is of particular interest is that the top ten companies account for just over 25% of the global market despite a decade of consolidation. This fragmentation hints at the likelihood of further mergers and acquisitions such as the recent takeover of Christian Salvesen by Norbert Dentressangle.’

Global Contract Logistics 2007 provides comprehensive market sizing and forecasts for this fast moving sector. For the first time it includes market sizing and forecasts for emerging country markets such as Russia, Turkey, Mexico, China and India in addition to Europe, North America and Asia Pacific.

It also includes market ranking and shares for the most important regions as well as company profiles of all the major contract logistics players. The profiles include analysis of the companies’ financial performance and, where available, an update of the companies’ trading throughout 2007. All new for 2007 is a comprehensive section on the impact of the Environment on logistics, and the response of the logistics operators to these challenges.

Source: Transport Intelligence

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