Logistics to soar 30% a year

[photopress:ttruck_logisitics.jpg,full,alignright]An industry report states that the logistics sector is expected to grow 30% annually over the next three years. Which suggests it is just about to double in size.

Jones Lang LaSalle, a global real estate money management and services consultancy, said revenue in the logistics market is expected to double from US$105 billion to US$210 billion by 2009 .

Trent Iliffe, head of Jones Lang LaSalle's Industrial Business in China, said a robust economy, dynamic export growth, expansion in retail outlets and a flourishing automotive industry are major forces driving growth.

The China Logistics Report said the industry is highly fragmented at the moment, but will see consolidation in the next few years as third-party logistics further develop.
Source: China Daily