Independent specialist advisors Drewry and global forwarder network The WACO System have expanded their cooperation agreement to include exchanging and sharing market intelligence in the air cargo market.

WACO and Drewry first announced their cooperation agreement in December 2012, since when the two organisations have provided industry feedback and pricing data to each other, some of which is published in Drewry’s monthly Sea & Air Shipper Insight.

Drewry has also attended two of the bi-annual meetings organised by WACO for its forwarder members around the world and spoken at these events on market developments. Individual forwarder members in the network have also requested market intelligence and forecasts from Drewry’s research arm.

“The input which we receive from The WACO System helps Drewry quantify market trends and verify our work on independent consultancy studies when needed”, said Philip Damas, director at Drewry. “We also find that members of The WACO System, together, have global market knowledge in nearly all geographies.”

“Our members have already benefitted from this reciprocal agreement, and we are delighted to be building on that success and helping to further develop the quality and scope of market intelligence on offer,” said Richard Charles, executive director, The WACO System.

“As the world’s foremost independent global freight management and logistics network, we partner with a number of organisations who can add value to our members and support them in delivering a first class service to customers.

“Our collaboration with Drewry helps members better manage their business.”