The freight industry is in the midst of a digital transformation, and Freight Management Systems (FMS) are at the center of this shift. FMS platforms are technology solutions designed to optimize and automate freight logistics, helping businesses manage shipping operations more efficiently. These systems integrate key functions like real-time shipment tracking, carrier selection, rate management, route optimization and freight auditing, enabling companies to streamline their supply chain processes.
According to the 2024 Freight Management System Market report, the global FMS market, valued at $20.58 billion in 2023, is projected to nearly double to $38.73 billion by 2029, growing at a rate of 10.95%. This rapid growth reflects the increasing need for businesses to optimize shipping operations, enhance visibility and reduce costs in an increasingly complex supply chain landscape.
