Economic Importance Of Belgian Transport Logistics
Source: National Bank of Belgium
The years 2005 and 2006 saw a continued expansion in worldwide trade and maritime cargo traffic, mainly sustained by the thriving Asian economies. Belgium was no exception to the rule. Containerised transport is booming and this constitutes a considerable opportunity for transport activities and transport logistics in particular. Maritime and inland ports, logistical areas and distribution centres are developing rapidly. Logistics pervades the entire economy. After going through a few definitions of the term, the authors came to the conclusion that a single and limitative definition is needed. Therefore, this paper concentrates on a particular array of sectors coming under the freight transport logistics label. The cluster they form is a strategic one for their service-oriented economy.