24 Excursion: Why the Eurostat figures are higher than the stated total logistics market volume of € 878 bn for the EU28. Different aspects can explain differing results of market volume assessment:
1. The “Top 100” studies appraise an estimate for the overall logistics cost volume in an economy, whereas the turnover statistics from Eurostat represent turnover figures only;
2. The NACE Rev. 2 codes taken into account to measure the logistics revenues in this study include revenues of firms that are not considered to be logistics companies in the framework of the “Top 100” market studies. This leads to higher revenues.
25 3. The Top 100 studies determine a cost volume via a bottom up approach by taking into account employees, vehicle stock and economic goods flows to overcome issues of double counting of revenues whereas Eurostat turnover statistics accumulate all revenues of companies assigned to the analysed NACE Rev. 2 codes. In the forwarding business which is a highly dynamic market of the logistics business, companies earn money for the mediation of transports that are carried out by subcontractors. Forwarder and subcontractor generate turnover for the very same service carried out. E.g. when a forwarder gets paid € 100 for a particular transportation service, he might transfer a high share of it to