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Personal Finance News Releases
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(MoneyNewsWire.Net, July 27, 2018 ) General warehousing and storage includes establishments operating merchandize warehousing and storage facilities. It includes bonded warehousing, private warehousing and general merchandize warehousing and storage. General Warehouse and storage companies’ revenues are derived from the payments made by customers, which are based on the volume/weight of the goods stored and the duration of the storage period.
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The market was valued at $300 billion in 2017, and is expected to be driven by fast growing domestic markets as well as increasing commercial exports.
North America was the largest geographic region in the general warehousing and storage market in 2017, accounting for more than one-fourth of the market share. The general warehousing and storage market is split into segments: bonded warehousing, private warehousing and storage & warehousing (including foreign trade zones).
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The USA was the largest country in the market, accounting for more than one-fifth of the global market share in 2017. This is mainly due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA was followed China and India as the next largest countries in the market.
The top five competitors in the market are DHL, Kuehne + Nagel, Americold, CEVA Logistics and Panalpina. DHL was founded in 1969 by Adrian Dalsey, Larry Hillblom and Robert Lynn. It has 350,000 people in over 220 countries.
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