Contract Logistics Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to contract logistics market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Contract Logistics Market News

  • In November 2024, Amazon and IKEA, among other companies, announced plans to request shipping firms to bid on transporting their cargo using near-zero emissions e-fuels, such as e-methanol, starting in January. This initiative aims to push the shipping industry towards net-zero greenhouse gas emissions by 2050.
  • In October 2024, mergers and acquisitions in the logistics sector resurged as pandemic-related volatility subsided, stabilizing freight markets. Key deals included DSV’s $12 Billion acquisition of DB Schenker and UPS’s sale of Coyote Logistics to RXO for over $1 Billion. This fuels investment in automation, warehousing, and AI-driven logistics technologies.
  • In December 2024, InPost, a Polish parcel locker company backed by Advent International, expanded its network in the UK, installing 100 new automated parcel machines weekly. The company intends to spend over €1 billion on acquisitions but expects most of the growth to be organic; it aims to expand its network to 15 countries next year.

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Global Contract Logistics Market size was valued at USD 268.99 Billion in 2023 poised to grow from USD 291.05 Billion in 2024 to USD 546.74 Billion by 2032, growing at a CAGR of 8.2% in the forecast period (2025-2032).

Highly competitive globally, the contract logistics market is driven more by technology integration, automation, and strategic partnerships into supply chain processes. The large players in the field are DHL Supply Chain, XPO Logistics, Kuehne + Nagel, DB Schenker, and CEVA Logistics, which invest into AI-driven analytics, real-time tracking, and green logistics for improved customer service. Higher demand for e-commerce and changing demands of the global supply chain would intensify the competition, drive innovation, and expand into emerging markets. 'DHL Supply Chain (Germany)', 'Kuehne + Nagel (Switzerland)', 'DB Schenker (Germany)', 'CEVA Logistics (France)', 'XPO Logistics (USA)', 'UPS Supply Chain Solutions (USA)', 'FedEx Logistics (USA)', 'Nippon Express (Japan)', 'Hitachi Transport System (Japan)', 'GEODIS (France)', 'DSV Panalpina (Denmark)', 'Sinotrans Limited (China)', 'CJ Logistics (South Korea)', 'Ryder Supply Chain Solutions (USA)', 'Agility Logistics (Kuwait)'

The rapid expansion of e-commerce and omnichannel retail is a major driver of the global contract logistics market growth. Businesses require seamless supply chain solutions to meet rising consumer expectations for fast deliveries, efficient inventory management, and last-mile logistics. This will in return contribute to investments in automation, warehousing, and AI-driven logistics technologies.

Emphasis on Sustainability in Logistics Operations: The global contract logistics market trends is shifting toward sustainability with companies emphasizing reduced carbon footprint, eco-friendly packaging, and electric fleets as well as warehouses running on renewable energy. Such shifts meet consumer demands for a sustainable supply chain, as well as regulatory requirements.

North America dominates the global contract logistics market due to its advanced infrastructure, strong e-commerce ecosystem, and high demand for efficient supply chain solutions. Extensive networks of transportation facilities, high-end warehouse automation, and the proliferation of AI-powered logistics management characterize this region. Dominant retailing, major global logistics players, and other aspects also complement the growth momentum of the market. Growth in trade activities, higher consumer expectations over faster deliveries, and government spending on smart logistics are also contributing factors to make North America a leader in all these initiatives. Contract logistics will remain a region of excellence from where an organization can help create a competitive edge globally.

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Global Contract Logistics Market
Contract Logistics Market

Report ID: SQMIG20R2059

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