THE freight forwarding industry in Penang, which generates revenue totalling about RM2.5bil per month, is now facing challenges from globalisation and new government regulations that may drive those in- volved in the business to merge with one another.
Penang Freight Forwarders As- sociation (PFFA) president Krishnan Chelliah told StarBiz that one of the challenges stemmed from the recent mergers of several multinational corporations (MNCs) involved in the freight forwarding business.