Trend Towards Outsourcing of Non-Core Business Activities Has Influenced Growth in the UK's Freight Forwarding Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c49376) has announced the addition of Freight Forwarding Market Report 2006 to their offering. We estimate that, in 2005, the UK international freight-services market was worth around [pounds sterling]19.76bn, of which [pounds sterling]15.43bn was attributable to freight forwarding. Freight forwarding is defined to include related warehousing, storage and customs-clearance activity. It supports the international freight-services market, which includes international freight transport operations by road, air, sea and rail. Largely because of improvements in transport efficiency, demand for such freight services has increased less than proportionately to growth in gross domestic product (GDP GDP (guanosine diphosphate): see guanine. ). However, over the 5-year review period (2001 to 2005), growth experienced by the freight-forwarding sector exceeded growth in the freight-transport sector as a whole. Recent influences supporting the growth of the freight-forwarding sector have included the trend towards outsourcing of non-core business activities by many firms across the commercial spectrum, the growing complexity of regulation affecting international trading relationships, and an increasing awareness of security considerations. All of these factors have made it more beneficial for clients to use the services of a professional forwarder Forwarder Acts as a travel agent for cargo. A forwarder specializes in arranging the transport and completing required shipping documentation. Some are affiliated with NVOCC services. In the United States they are licensed by the Federal Maritime Commission. , but other developments, which have reduced the regulatory burden on shippers and transport operators alike, have lessened the benefits of using these specialists. Noteworthy among these has been the progressive deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of transport markets within and between the member countries of the EU, with the dismantling of customs barriers between member countries removing the need for many of the specialist services formerly provided by the freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. . Other influences affecting the sector in the recent past have included the need to comply with many onerous regulations, including those concerning terms and conditions of employment conditions of employment that part of an employment that sets out the duties, responsibilities, hours of work, salary, leave and other privileges to be enjoyed by persons employed, for example a veterinary nurse, in private practice. , which have had a disproportionate impact on the many smaller freight forwarders operating in the sector. Road transport remains the dominant mode for international freight transport, but sea freight showed the highest growth over the review period, with receipts from cross trades showing a particularly large increase. Although the share of air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f is small in terms of tonnage carried, it represents a much higher share in terms of the value of items carried and the service provided. The international rail-freight sector performed well below its potential over the period, largely as a result of disruption to services caused by asylum seekers asylum seeker asylum n → demandeur/euse d'asile at the SNCF-operated rail-freight terminal near Calais in 2002 and continuing issues regarding the quality of service to clients. Independent forecasts of the development of the UK economy indicate that it will continue to experience steady if modest economic growth over the period to 2010, with inflation and unemployment continuing at relatively low levels. This, together with further market globalisation, an increased awareness of security and environmental issues, and the continuing development of IT applications to enhance the value of the freight-forwarding product, suggest a favourable environment for the continued growth of the sector. Topics Covered Executive Summary 1. Market Definition 2. Market Size 3. Industry Background 4. Competitor Analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, 5. Strengths, Weaknesses, Opportunities and Threats 6. Buying Behaviour 7. Current Issues 8. The Global Market 9. Forecasts 10. Company Profiles 11. Consumer Confidence 12. Further Sources Companies Mentioned * Allport Ltd * DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Global Forwarding (UK) Ltd * EGL EGL Enterprise Generation Language (IBM) EGL European Gemological Laboratory EGL Elegant Gothic Lolita (Japanese fashion) EGL Energy Grade Line EGL Eagle Global Logistics, Inc. Eagle Global Logistics (UK) Ltd * Exel Freight Management (UK) Ltd * GeoLogistics Ltd * Kamino Logistics Group Ltd * Kuehne + Nagel (UK) Ltd * Nippon Express Nippon Express Co., Ltd. is a worldwide leader in logistics services. Its head office is based in Tokyo, Japan. The company was established in 1937 in line with the Nippon Tsu-un Kaisha Law as a semi-government transportation service. (UK) Ltd * Panalpina World Transport Ltd * UPS SCS (UK) Ltd For more information visit http://www.researchandmarkets.com/reports/c49376 |
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