Freight News, Sea

Panalpina expects 500 LCL routes in 2014

[ January 24, 2014   //   ]

Panalpina says it expects to reach 500 less than containerload (LCL) services by the end of 2014, having reached a record 450 weekly services worldwide in 2013, adding 41 new routes. Roughly 15% of Panalpina’s current 450 LCL services operate two or three sailings a week.

The forwarder monitors and evaluates trade growth and global economies to identify routes where an LCL service can either be implemented or improved. Most of Panalpina’s LCL services are used by the automotive and manufacturing industries, which accounted for almost 30% of its LCL volumes in 2013. Consumer & retail and fashion customers follow close behind with 25% but use by hi-tech and telecoms customers came in third, accounting for a little under 20% of the LCL volumes in 2013. Many consumer electronic shipments have moved from air freight to ocean freight, as a cost saving measure.