Sino-Global Shipping America (SINO)

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Developments in the Global Logistics MarketFont

9:00 AM ET 6/14/17 | PR Newswire

The growth of the global logistics market is directly correlated to the development of international trade flow and the current global economic environment. According to a report by Transparency Market Research, the Asia-Pacific and North America are the attractive markets for logistics, especially when it comes to contract services such as third-party logistics. The global logistics market, in terms of revenue, is set to expand from US$8.1 trillion in 2015 to US$15.5 trillion by 2023, registering a CAGR of 7.5% from 2015 to 2024. By volume, the market is expected to clock in a 6.0% CAGR from 2016 to 2024.