In the current scenario, the freight forwarding market in Europe is expected to be at the growth stage as the competition between many players still remains fragmented. Major global freight forwarders companies such as DHL, DB Schenker, and DSV are adapting technologies like IoT, and data analytics, to make themselves different from their competition. The digital freight forwarding market is expected to grow at a CAGR of around 25 per cent in the next five years.
Cargoplot raises pre-Seed funding
In a recent development, Amsterdam-based online platform for e-commerce importers and freight forwarders, Cargoplot, announced that it has raised €425K in its pre-Seed round of funding. The round saw participation from ASIF Ventures and several angel investors.