{"id":617945,"date":"2026-10-12T16:45:36","date_gmt":"2026-10-12T16:45:36","guid":{"rendered":"https:\/\/www.olympiajournal.com\/news\/story\/617945\/freight-forwarding-market-to-hit-usd-77604-billion-by-2031-says-mordor-intelligence.html"},"modified":"2026-10-12T16:45:36","modified_gmt":"2026-10-12T16:45:36","slug":"freight-forwarding-market-to-hit-usd-77604-billion-by-2031-says-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.pennsylvania-magazine.com\/news\/story\/617945\/freight-forwarding-market-to-hit-usd-77604-billion-by-2031-says-mordor-intelligence.html","title":{"rendered":"Freight Forwarding Market to Hit USD 776.04 Billion by 2031, Says Mordor Intelligence"},"content":{"rendered":"<div style=\"float:right;width:250px;padding:8px 10px 10px 10px\">\n<div><a rel=\"nofollow noopener\" href=\"https:\/\/www.abnewswire.com\/upload\/2026\/10\/1791793105.jpg\" style=\"border:none !important\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Freight Forwarding Market to Hit USD 776.04 Billion by 2031, Says Mordor Intelligence\" src=\"https:\/\/www.abnewswire.com\/upload\/2026\/10\/1791793105.jpg\" alt=\"Freight Forwarding Market to Hit USD 776.04 Billion by 2031, Says Mordor Intelligence\" width=\"225\" height=\"151\" style=\"padding:0px 0px 10px 10px;border:0 solid !important\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>Freight Forwarding Market Size and Share | Mordor Intelligence<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic;padding:8px 0px\">Mordor Intelligence has published a new report on the freight forwarding market, offering a comprehensive analysis of trends, growth drivers, and future projections.<\/div>\n<p style=\"text-align: justify\"><strong>Hyderabad, India, October 12, 2026: According to Mordor Intelligence: the <a rel=\"nofollow noopener\" class=\"Hyperlink SCXW98072333 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/freight-forwarding-market?utm_source=abnewswire\" target=\"_blank\">freight forwarding market size<\/a><\/strong> is expected to grow from USD 572.25 billion in 2025 to USD 602.58 billion in 2026 and is forecast to reach USD 776.04 billion by 2031, registering a CAGR of 5.19% during 2026-2031. Growth is supported by increasing international trade, expanding manufacturing networks, rising e-commerce shipments, and the need for coordinated movement of goods across multiple transportation modes. Freight forwarders continue to support shippers by arranging transportation, documentation, customs processes, warehousing, and related logistics activities across complex supply chains.<\/p>\n<p style=\"text-align: justify\">The freight forwarding industry is also responding to changing sourcing patterns and growing demand for flexible logistics arrangements. Businesses are seeking forwarding partners that can manage different shipment sizes, transportation modes, and destination markets while maintaining dependable delivery schedules. These requirements are strengthening demand across ocean, road, air, rail, and multimodal forwarding services.<\/p>\n<p style=\"text-align: justify\"><strong>Key Freight Forwarding Market Growth Drivers <\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Growth of multimodal and intermodal freight services <\/strong><\/p>\n<p style=\"text-align: justify\">Shippers increasingly require transportation solutions that combine different modes according to cargo characteristics, destination requirements, and delivery priorities. Multimodal and intermodal forwarding allows businesses to coordinate ocean, road, rail, and air movements within broader supply chains. This approach can support smoother cargo transfers and provide greater flexibility when individual transportation routes face capacity or congestion constraints.<\/p>\n<p style=\"text-align: justify\">The expansion of cross-border manufacturing and distribution networks is also creating demand for forwarding services that can coordinate shipments across several countries. Forwarders with capabilities spanning multiple transportation modes can support businesses as they manage increasingly distributed sourcing and distribution operations.<\/p>\n<p style=\"text-align: justify\"><strong>Expansion of digital-first forwarding platforms <\/strong><\/p>\n<p style=\"text-align: justify\">Digital-first and online forwarding platforms are gaining attention as shippers look for simpler ways to arrange transportation and manage shipment information. Online platforms can bring booking, shipment tracking, documentation, and communication into more centralized workflows. This supports greater visibility for businesses managing frequent or geographically dispersed shipments.<\/p>\n<p style=\"text-align: justify\">Traditional asset-light forwarders and hybrid asset-enabled forwarders remain important parts of the market. However, digital capabilities are becoming increasingly relevant as customers expect faster communication and easier access to shipment information. Forwarders are therefore focusing on digital service capabilities alongside established freight management expertise.<\/p>\n<p style=\"text-align: justify\"><strong>Asia-Pacific strengthens its forwarding position <\/strong><\/p>\n<p style=\"text-align: justify\">Asia-Pacific generated 36.49% of forwarding revenue in 2025 and is expected to record a 7.80% CAGR between 2026 and 2031, making it the fastest-growing regional market. China remains the largest single origin, while Vietnam, India, and Indonesia are attracting increasing investment as companies diversify manufacturing and sourcing activities under China-plus-one strategies.<\/p>\n<p style=\"text-align: justify\">Singapore and Hong Kong continue to support regional consolidation through efficient ports and established trade finance ecosystems. Japan and South Korea maintain strong forwarding demand linked to high-value electronics and automotive components. Australia contributes through bulk commodity shipments and increasing e-commerce imports.<\/p>\n<p style=\"text-align: justify\"><strong>Supply chain diversification supports North American demand <\/strong><\/p>\n<p style=\"text-align: justify\">North America remains an important import-focused destination for freight forwarding services. Port congestion and labor shortages can increase handling costs, encouraging shippers to consider Gulf and East Coast gateways as alternatives. Cross-border rail activity through Mexico is also gaining importance as manufacturing networks become more closely connected across North America.<\/p>\n<p style=\"text-align: justify\">Canada&#8217;s forwarding flows are supported by energy and automotive trade, while Mexico continues to benefit from nearshoring activity. The relocation of parts of electronics and automotive production from Asia toward North America is creating additional requirements for cross-border transportation, customs coordination, and freight management.<\/p>\n<p style=\"text-align: justify\"><strong>Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: <a rel=\"nofollow noopener\" class=\"Hyperlink SCXW98072333 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/freight-forwarding-market?utm_source=abnewswire\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/freight-forwarding-market?utm_source=abnewswire<\/a> <\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Freight Forwarding Market Segmentation Analysis <\/strong><\/p>\n<p style=\"text-align: justify\">The market is segmented by mode of transport, enterprise size, forwarder model, and end-user industry. <strong>By mode of transport<\/strong>, ocean freight forwarding remains an important part of international cargo movement, with services divided between full container load and less-than-container load shipments. Road forwarding includes full truck load and less-than-truck load services, while air and rail forwarding address different requirements related to delivery schedules, cargo characteristics, and geographic reach.<\/p>\n<p style=\"text-align: justify\">The market also includes multimodal and intermodal forwarding services, which coordinate transportation across multiple modes.<\/p>\n<p style=\"text-align: justify\"><strong>By enterprise size, the market covers: <\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p class=\"caps\">Small and medium enterprises<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Large enterprises<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>By forwarder model<\/strong>, the market includes traditional asset-light forwarders, digital-first or online platforms, and hybrid asset-enabled forwarders. These models serve different shipper requirements based on service integration, digital capabilities, transportation coordination, and operational resources.<\/p>\n<p style=\"text-align: justify\"><strong>By end-user industry<\/strong>, demand comes from a broad range of sectors, including:<\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p>Industrial and manufacturing<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Retail and e-commerce<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Healthcare and pharmaceuticals<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Oil, gas and energy<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Food and beverages<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Automotive<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Chemicals<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li>\n<p>Other end-users<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\">This broad customer base allows forwarding services to support diverse cargo categories and supply chain structures across international and domestic markets.<\/p>\n<p style=\"text-align: justify\"><strong>Explore Our Full Library of Logistics Research Reports: <a rel=\"nofollow noopener\" class=\"Hyperlink SCXW98072333 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/market-analysis\/logistics?utm_source=abnewswire\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/market-analysis\/logistics?utm_source=abnewswire<\/a> <\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Freight Forwarding Market Share and Competitive Landscape <\/strong><\/p>\n<p style=\"text-align: justify\">The competitive environment includes global logistics providers and freight forwarding specialists serving shippers across major trade corridors. Key players compete through geographic coverage, transportation coordination, customer service, digital shipment management, and the ability to handle complex international logistics requirements.<\/p>\n<p style=\"text-align: justify\">Companies with broad networks can support customers across multiple regions and transportation modes, while specialized providers can focus on particular industries, routes, or shipment requirements. The presence of traditional forwarding companies alongside digital-first platforms and hybrid operators gives shippers a wider range of service models.<\/p>\n<p style=\"text-align: justify\"><strong>Freight Forwarding Market Forecast <\/strong><\/p>\n<p style=\"text-align: justify\">The freight forwarding market trends reflect continuing changes in global sourcing, manufacturing distribution, e-commerce fulfillment, and cross-border trade. Demand for coordinated transportation services is expected to remain supported by businesses seeking reliable movement of goods across increasingly complex supply chains.<\/p>\n<p style=\"text-align: justify\">As companies diversify suppliers and production locations, freight forwarders are expected to remain important in coordinating international shipments, documentation, customs processes, and transportation activities. The combination of established forwarding networks, digital service capabilities, and multimodal solutions is likely to shape competitive positioning across the market.<\/p>\n<p style=\"text-align: justify\"><strong>Conclusion <\/strong><\/p>\n<p style=\"text-align: justify\">The market is positioned for continued growth as international trade and geographically distributed supply chains create ongoing demand for freight coordination services. Ocean, road, air, rail, and multimodal forwarding each address different logistics requirements, while enterprise size and forwarder models create varied service needs across customer groups.<\/p>\n<p style=\"text-align: justify\">Mordor Intelligence provides market analysis covering market size, competitive dynamics, segmentation, and regional developments to help stakeholders understand the direction of the freight forwarding sector. Continued diversification of manufacturing networks, stronger e-commerce activity, and changing trade routes are expected to remain important considerations for companies operating across the global forwarding landscape.<\/p>\n<p style=\"text-align: justify\"><strong>For more insights on this market, please visit the Mordor Intelligence page: <a rel=\"nofollow noopener\" class=\"Hyperlink SCXW98072333 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/freight-forwarding-market?utm_source=abnewswire\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/industry-reports\/freight-forwarding-market?utm_source=abnewswire<\/a> <\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Explore More Industry Research by Mordor Intelligence <\/strong><\/p>\n<p style=\"text-align: justify\"><strong><a rel=\"nofollow noopener\" class=\"Hyperlink SCXW98072333 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/digital-freight-forwarding-market?utm_source=abnewswire\" target=\"_blank\">Digital Freight Forwarding Market Size<\/a>:<\/strong> The Digital Freight Forwarding Market size is expected to grow from USD 42.46 billion in 2025 to USD 51.43 billion in 2026 and reach USD 118.12 billion by 2031, registering a CAGR of 18.09% during 2026-2031. Demand is increasingly shifting toward platforms that address visibility, documentation, and compliance requirements rather than simply replacing traditional freight modes. This favors providers that automate key workflows across booking, shipment tracking, documentation, and customs processes.<\/p>\n<p style=\"text-align: justify\"><strong>United States Freight Brokerage Market Size:<\/strong> The United States Freight Brokerage Market size is expected to grow from USD 19.68 billion in 2025 to USD 21.28 billion in 2026 and is forecast to reach USD 30.17 billion by 2031, registering a CAGR of 7.23% during 2026-2031. E-commerce retailers, third-party logistics (3PL) fulfillment providers, and nearshoring manufacturers are changing freight network structures and increasing demand for brokers that can provide rapid coverage through real-time carrier connectivity.<\/p>\n<p style=\"text-align: justify\"><strong>Get more insights on the United States Freight Brokerage Market: https:\/\/www.mordorintelligence.com\/industry-reports\/united-states-freight-brokerage-market?utm_source=abnewswire <\/strong><\/p>\n<p style=\"text-align: justify\"><strong>About Mordor Intelligence <\/strong><\/p>\n<p style=\"text-align: justify\">Mordor Intelligence is a global market intelligence firm, founded in 2014, helping businesses make informed decisions through data-driven insights, industry expertise, and advanced analytics. With 550+ domain experts and on-ground specialists across 150+ countries, the company delivers comprehensive intelligence across aerospace &amp; defense, agriculture, automation, automotive, chemicals &amp; materials, consumer goods &amp; services, electronics, energy &amp; power, financial services, food &amp; beverages, healthcare, hospitality &amp; tourism, information &amp; communications technology, and logistics.<\/p>\n<p style=\"text-align: justify\">Its offerings include syndicated industry reports, custom research and advisory, and subscription platforms such as Synapse, Data Center Intelligence, and Robotics Intelligence. Mordor Intelligence is ISO 9001:2015 and ISO\/IEC 27001:2022 certified, a member of ESOMAR and the Market Research Society of India, and a four-time Great Place to Work&reg; honoree. Learn more at mordorintelligence.com.<\/p>\n<p><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/companyname\/mordorintelligence.com_175326.html\">Mordor Intelligence<\/a><br \/><strong>Contact Person:<\/strong> Jignesh Thakkar<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=freight-forwarding-market-to-hit-usd-77604-billion-by-2031-says-mordor-intelligence\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1 617-765-2493<br \/><strong>Address:<\/strong>11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli  media@mordorintelligence.com<br \/><strong>City:<\/strong> Hyderabad<br \/><strong>State:<\/strong> Telangana 500008<br \/><strong>Country:<\/strong> India<br \/><strong>Website:<\/strong> <a rel=\"nofollow noopener\" href=\"https:\/\/www.mordorintelligence.com\/\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=freight-forwarding-market-to-hit-usd-77604-billion-by-2031-says-mordor-intelligence\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freight Forwarding Market Size and Share | Mordor Intelligence Mordor Intelligence has published a new report on the freight forwarding market, offering a comprehensive analysis of trends, growth drivers, and<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/posts\/617945"}],"collection":[{"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/comments?post=617945"}],"version-history":[{"count":0,"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/posts\/617945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/media?parent=617945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/categories?post=617945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pennsylvania-magazine.com\/news\/wp-json\/wp\/v2\/tags?post=617945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}