Bangladesh Freight and LogisticsCompanies (2024 - 2029)

Bangladesh Freight and Logistics Market Companies Summary

The freight and logistics industry plays a crucial role in supporting the economy of Bangladesh, with over 1,100 members of the Bangladesh Freight Forwarders Association contributing to the country's exports and imports. The industry is rapidly expanding, providing more opportunities for the e-commerce sector. This growth has been underscored by significant fundraising efforts by various logistics firms in recent years. Additionally, international logistics firms have also entered the Bangladesh market, marking a new phase of growth. However, an increase in freight forwarding fees imposed by the Bangladesh Freight Forwarders Association has placed a heavier financial burden on companies within the country. This decision, made in response to rising gasoline prices, has been a significant setback for businesses, particularly those within the garment industry. Furthermore, the freight and logistics market in Bangladesh is relatively fragmented, with over 1,000 domestic and around 20 international logistics and freight forwarding companies operating within the country. These firms often enter the market through joint ventures with local companies due to challenges such as road and seaport congestion and high logistics costs.