The Global Logistics Market is expected to Grow by 4.2% in 2024

(The report emphasises DHL Supply Chain's dominance, with revenues almost double those of its closest competitor, GXO.) Ti Insight's Global Contract Logistics 2024 Report shows that the contract logistics market will return to pre-pandemic demand and growth patterns. According to Ti's most recent industry statistics, the global contract logistics market grew 3.5% in real terms in 2023, up from 3% in 2022, with a projected growth rate of 4.2% in 2024. Emerging economies, particularly the Asia Pacific region, are driving this rise, with a 7.5% year-on-year increase expected in 2023. In comparison, North America and Europe expanded by 1.6% and 0.2%, respectively. Ti's researchers and analysts created the report using data from the GSCi knowledge portal. According to Paul Chapman, Senior Editor at Ti, "the global contract logistics market