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As per a 2023 report, the global freight forwarding market was valued at $201.6 billion in 2021 and is expected to grow at a CAGR of 3.9% from 2022 to 2030, reaching $284 billion by 2030. [17] United Parcel Service , DHL Group , FedEx , Maersk , and Deutsche Bahn are the largest freight companies by revenue.
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile and freight forwarding in Europe. [44] The company also manages multimodal solutions, such as road-rail and road-short sea combinations. [45] 1,000 new drivers were hired in the U.K. and Ireland in 2022. [46] [47]
The BIFA Conditions, often used in UK forwarding contracts, have been supported by the courts in England and Wales based on the consultation and review process which was undertaken before they were adopted and a finding that "They seek to balance the interests of all parties, and in my view, have long been accepted as reasonable and fair."
Among all workers, 30.0 percent are in jobs with no minimum education requirement, 40.1 percent are in jobs where a high school degree is the minimum requirement, 19.3 percent are in jobs where a bachelor's degree is the minimum requirement, and 10.6 percent are in jobs with some other minimum requirement (for example, a graduate degree).
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