For the logistics industry, 2013 has proved to be a much more difficult year. A new report published by TI reviews the performance of twenty of the world's largest logistics providers shows that only three of these providers grew their total logistics revenue in 2013, and all of them did so at the expense of declining operating profit margins.
The remaining seventeen providers saw declines in revenues and nine of these also saw declines in operating margins. At the end of 2013 only six out of the twenty companies in this review made operating profits of more than 5% of revenue.
Ti analysts look at how performance has changed over the long term (since 2008 - just before the recession) and the medium term (since 2011 just after the recession when 'normality' returned. The report examines the logistics industry as a whole and the performance of the three main segments, contract logistics, freight forwarding and freight and trucking operations, Using well understood measures of performance and consistent formats, the report provides the impartial data to reveal the winners and losers in the global logistics industry and the trends of the industry as a whole.
The charts and data covering the longer term show that, at the low point of the global recession the industry had lost over 15% of its revenues and profits had fallen to 2.2% of revenue in
Over the past six years there have been many changes in the structure of the industry with some strong gainers and some problematic losers. There have also been declines and recoveries. The reports provides a profile of the individual companies' results and the extent of the gains and losses can be seen.
'The results for 2013 bear out what the industry has been saying for some time about market conditions. Much of the logistics industry is already evolving and adapting to new conditions but despite an upturn in trade, the industry collectively has seen a downturn in revenue and profitability in 2013. The sustainability of some elements of the industry must again come into question and more radical changes cannot be ruled out. We will look forward with interest to see the outcomes in 2014'
Notes to Editors
About Transport Intelligence
Transport Intelligence (Ti) is one of the world's leading providers of expert research and analysis dedicated to the global logistics industry. Utilising the expertise of professionals with many years experience in the mail, express and logistics industry, Ti has developed a range of market leading web-based products, reports, profiles and services used by all the world's leading logistics suppliers, consultancies and banks as well as many users of logistics services.
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