Logistics in 2005 and Forecasts For the Year 2006
During the year 2005 mixed patterns of growth and development were witnessed, by the logistics industry. Healthy changes have taken place in the maritime cargo domain, with acquisitions and mergers. Bigger firms were born with acquisitions like A.P. Moeller-Maersk’s taking over of P & O Ndelloyd. Such bigger companies offered diverse services through bigger fleets and newer routes. As per Maersk, the industry has seen rising freight charges for several years. The need of the hour is to consolidate. In the year 2005, there were tie-ups like EXE/DHL, then Kintetsu with MOSK-Line and then Kuehne & Nagel with a French company and BAX and Schenkers. An industry that is streamlined portends more discipline and strength for the logistics industry all over the world. Finanacialexpress-bd.com reports:
In 2006 the expectation is good provided economic forecasts and other factors show stability, according to air cargo industry news sources in the Internet. Inm 2006, other facets of logistics like machinery and equipment, warehousing and other relevant back-up service industry would see growth as well since the main sectors expect good business.
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