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Finance

How XPO Logistics Views Its Global Forwarding Business

Other players in the global forwarding business include C.H. Robinson Worldwide (CHRW) and Expeditors International of Washington (EXPD). C.H. Robinson Worldwide’s Global Forwarding segment is a major source of revenues for the company. CHRW’s global forwarding business offers logistics services through contracts with independent agents and an international network of offices.

The global forwarding business covers ocean and air freight services as well as customs brokerage services. In fiscal 2017, C.H. Robinson Worldwide had global forwarding revenues of $2.1 billion, up 36.0% year-over-year. This rise in the company’s revenues resulted from revenue growth across all service lines—including ocean, air, and customs.

Global forwarding was also a primary business for Expeditors International of Washington. In fiscal 2017, air freight services accounted for 42.0% of the company’s total revenues of $6.9 billion. Ocean freight and customs brokerage made up 30.0% and 28.0%, respectively, of its total revenues.

View more information: https://marketrealist.com/2018/04/how-xpo-logistics-views-its-global-forwarding-business/

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