2024 a 'year of consolidation' among SME forwarders, as M&A kicks off

The forwarding market is expected to experience consolidation as smaller independent forwarders look to sell their businesses and potential buyers have the funds to make acquisitions. Danish 3PL Scan Global Logistics has announced its acquisition of South Korean partner ENK Logistics, following previous acquisitions in Australia and New Zealand. Global Critical Logistics has also acquired New Zealand companies Time Frame Logistics and Xtreme Forwarding. In addition, Dutch forwarder Share Logistics has agreed to buy VN Logistics. These acquisitions are part of a trend of consolidation in the forwarding market.

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Frequently Asked Questions about 2024 - A Year of Consolidation Among SME Forwarders

1. Will 2024 be a year of consolidation among SME forwarders?

Unfortunately, there is no specific information available regarding whether 2024 will be a year of consolidation among SME forwarders. Please continue to stay updated with the latest news and industry developments.

2. Is there any indication of M&A activity kicking off in 2024?

The provided search results do not confirm whether there will be M&A activity in the forwarding industry in 2024. It is advisable to monitor industry news and reports to stay informed about potential merger and acquisition activities.

3. How can I find more information about consolidation and M&A in the forwarding industry in 2024?

To gather more specific details on consolidation and M&A in the forwarding industry in 2024, try conducting a targeted search using keywords such as "consolidation SME forwarders 2024" or "M&A activities forwarding industry 2024". This should help you find relevant news, articles, and reports to stay informed.