Europe Less-Than Container Load Market Share

Market Share of Europe Less-Than Container Load Industry

Shippers are willing to pay premium rates on significant trades to ensure space in a market disturbed by maxed-out air capacity and crowded ocean freight, according to forwarders reporting double-digit percentage growth in less-than-containerload (LCL) traffic.

As carriers warn of significant equipment shortages on trades out of Asia through May, especially on the trans-Pacific, where US import demand has been robust for months, demand for consolidated cargo, which demands a premium price above full containerload (FCL) cargoes, is projected to grow even more. Soaring prices on the trans-Pacific and Asia-Europe air and ocean trades make LCL services a high-margin industry, with several consignees crammed into a single container.

The top players in the segment include Maersk, GEODIS, CMA, Dachser, and Hapag Lloyd. The market started reviving from the pandemic by growing positively post-pandemic.

Europe Less-than Container Load (LCL) Market Leaders

1. MAERSK

2. The CMA CGM Group

3. Hapag-Lloyd

4. GEODIS

5. Dachser

*Disclaimer: Major Players sorted in no particular order