A transportation management system, or “TMS,” is a platform that’s designed to streamline the shipping process. It is a subset of supply chain management concerning transportation solutions.
Freight management system encompass the technology, experience, human resources and knowledge utilized to facilitate effective, efficient and expeditious coordination between carriers and shippers and ensure goods are delivered on budget, and on time.
The global Freight Transportation Management System market size is projected to grow from US$ 10560 million in 2022 to US$ 15500 million in 2029; it is expected to grow at a CAGR of 5.6% from 2023 to 2029.
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Numerous risks could further derail what is now a precarious recovery. Among them is, in particular, the possibility of stubbornly high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. This could eventually result in a sharp tightening of monetary policy in advanced economies to rein in inflation, lead to surging borrowing costs, and possibly culminate in financial stress in some emerging market and developing economies. A forceful and wide-ranging policy response is required by policy makers in these economies and the global community to boost growth, bolster macroeconomic frameworks, reduce financial vulnerabilities, provide support to vulnerable population groups, and attenuate the long-term impacts of the global shocks of recent years.
Product Type Segment:
- Rail Freight
- Road Freight
- Ocean Freight
- Air Freight
Application Segment:
- Third-Party Logistics (3PLs)
- Forwarders
- Brokers
- Shippers
- Carriers
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